LAS VEGAS, Oct. 6, 2004 (PRIMEZONE) -- US BioTec, Inc. (Pink Sheets:USBO), an emerging player in the rapidly growing bio-chemical sector of the multi-billion dollar agri-business industry, today announced that it intends to launch a new wholly-owned transportation subsidiary.
This addition serves a dual set of purposes. First, rather than having to rely on outside vendors such as trucking companies and private over-the-road truckers to move raw materials from suppliers to US BioTec's plants and finished product to its customers, the Company believes that it is in its best interest to form its own transportation subsidiary.
"In addition to the potential cost savings, US BioTec's new transportation subsidiary could become an exciting new revenue center for the Company. USBO can use the same trucks that haul our raw materials and finished products, to also haul agricultural products and produce from our bio-chemical clients' fields to market," says Jimmy Joyner, Chief Executive Officer of US BioTec, Inc.
US BioTec has identified a president with extensive experience in the trucking industry to organize and head its new transportation subsidiary. The recruitment of the initial owner operators to "lease on" has already begun.
US BioTec was established to profitably develop, manufacture, market and distribute bio-degradable, non-toxic and non-carcinogenic products to agriculture, the commercial turf industry, forestry, golf courses, professional landscapers, nurseries and mass market retail lawn and garden markets. USBO is striving to be the U.S. market leader in the expanding bio-chemical sector of the annual multi-billion dollar agricultural chemical marketplace. The Company's products are designed to rehabilitate soils, repel insects and increase crop (plant) yields through environmentally friendly alternatives to toxic man-made pesticides and caustic synthetic fertilizers.
To learn more about US BioTec and its products, visit www.usbioteccorp.com.
Certain statements in this news release may contain "forward-looking" information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.