ISC Enters Into Merger with SemcoLABS
PORT ORANGE, FLORIDA--(Canadian Corp News, July 28,
1999)--International Semiconductor Corporation ("ISC"), trading on the
OTCBB as "ISSM", has entered into a definitive merger agreement with
SemcoLABS (TM), Inc. ("Semco"), for acquisition of SemcoLAB
S (TMnticipated to be finalized within the next 10 business days, with
the current shareholders of SemcoLABS (TM) acquiring approximately an
85 percent interest in ISC.Semco is the ONLY hands-on, on-site company
in the nation to specialize in the bu
siness of monitoring sanitation and bacteria levels for the control of
foodborne illnesses at specific critical control points in the food
service industry.Semco's service is compliant with the newly-issued
1999 food code covering Hazard Analysis of Critical Control Points or
"HACCP". Semco also provides an educational support system for food
safety services, which includes HACCP plans, food safety trainingand
third-party audits. With its unique computerized monitoring service,
which is provided ON SITE, Semco offers cost-efficient monitoring and
auditing services to even the smallest food service facility for as
little as $99 per month. Semco's unique system allows a food service
facility to actually view and measure bacteria, sanitation lev els and
employee performance in real-time numbers and computer printouts within
15 seconds, unlike traditional 24-48 hour laboratory tests. Food
service facilities can track the effectiveness of sanitizers, employee
cleaning methods, bacterial growth
and performance of standard operating procedures. Test results act as
an audit system for large chains and even small, stand-alone
facilities.Gary Kaplan, the current president of Semco (Florida), will
become president of the merger company, with Ga ry Rosen, current
Treasurer of Semco (Florida) taking over the duties of Chief Financial
Officer. Robert Terry, Chairman of ISC, will remain as Chairman.
Semco, on July 26, executed a contract with Mutual Wholesale food
distributors, the 2nd largest meat and wholesale food service
distributor in Florida, and the 16th largest nationwide, for provision
of sanitation testing at Mutual's facilities. Furth er,Mutual and
Semco have agreed to provide food safety training to all of Mutual's
clients, with Semco being responsible for the education and training.
This relationship will benefit both companies, as Mutual will be able
to provide a value-added ser
vice to their clients and Semco will be able to demonstrate its
services to many of its target-specific markets in one location.Semco
is in the test phase with several large multi-store chain customers for
year-round monitoring of each facility, and
is currently negotiating with prospective licensees in Los Angeles,
Dallas, Chicago and Atlantic City in the United States, and for the
international rights to Israel, the United Kingdom, South Africa and
Australia.Statements in this release are mad e pursuant to the "Safe
Harbor" provisions of the Private Securities Litigation Reform Act of
1995. Investors are cautioned that such forward-looking statements
involve risk and uncertainties, including, without limitation,
continued acceptance of the
company's services, increased levels of competition for the company,
and dependence on the performance of the management of the company.
OTC Bulletin Board SYMBOL: ISSM
CUBBY
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