BioTech Medics, Inc. Signs $5 Million Cross-Marketing Licensing Agreement With LifeBionix, Inc.
July 01 2013 - 9:45AM
Marketwired
BioTech Medics, Inc., (PINKSHEETS: BMCS) announced that it has
signed a $5 million U.S. cross-marketing licensing non-exclusive
contract for its patented SHBAN Alcohol Free Persistent Hand &
Body Sanitizer with LifeBionix, Inc. The agreement includes cash
and ongoing royalties payable to BioTech over a five year term
anticipated to start third quarter 2013 without dilution of BioTech
stock.
LifeBionix is a privately owned company that has funding pending
through an Irish Section 110-SPV private investment fund, utilizing
a Qualifying Investor Fund (QIF). Ireland has become a popular
jurisdiction for SPV's for structured finance transactions.
Ireland's extensive double tax treaty network and onshore EU status
make it a location of choice for expansion capital.
The US market demand for Hand Sanitizers is increasing for
non-alcoholic products, according to GIA Research. "Private label
brands continue to dominate the market. The US Hand Sanitizer sales
are projected to reach US$226.3 million by 2018. Improving
knowledge on Hand Care are presently driving the market for new
sanitizers."
SHBAN is superior to alcohol gel because it is long-lasting up
to 4 hours according to laboratory tests. If you have wondered why
people who use alcohol gels still get colds and flu viruses it is
because gels with 60% to 65% alcohol kill 99.9% of germs, but may
not kill cold and flu viruses. It is dangerous to carry around
alcohol gels with higher alcohol content because alcohol gels are a
Class I fire hazard. Additionally, the Poison Control centers have
reported over 22,000 poisonings from ingesting alcohol gels.
Independent tests show SHBAN's active ingredient inhibits the
Norovirus, Swine H1N1 and H5N1 Influenza A viruses.
SHBAN is gentle on hands. SHBAN can be used on a cotton swab in
your nostrils. Studies indicate that 80% of viruses are inhaled.
SHBAN is economical. One (1) ounce of SHBAN is equal six (6) ounces
of alcohol gel. SHBAN is available online: www.shban.com.
Safe Harbor: Forward-Looking Statements This release contains
forward-looking statements within the meaning of The Private
Securities Litigation Reform Act of 1995 (the "Act"). Such
statements are subject to certain risks and uncertainties; actual
results could differ materially from those expressed. The FDA has
not evaluated the SHBAN statements above. SHBAN is not intended to
diagnose, treat or cure any disease.
Contact: Tom Wood Sr. V.P. Sales Phone: 972-274-5533
BioTech Medics (PK) (USOTC:BMCS)
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