Bico, Inc. Revenue Shows Considerable Increase
PITTSBURGH, July 11 /PRNewswire/ -- BICO, Inc. (OTC Bulletin Board: BIKO) announced today that its consolidated revenue for the first two quarters of 2001, ending 6/30/01, was approximately $1.2 million compared to approximately $39 thousand for the same period in 2000. This consolidated revenue for six months exceeds the highest consolidated revenue ever reported for an entire year since the Company went public in 1982.
The revenue for the first half of 2001 was primarily generated by BICO subsidiaries Petrol Rem, Inc. and ViaCirq, Inc.
Petrol Rem's acquisition of subsidiary INTCO, Inc. in October 2000 is providing steady monthly revenue and, together with existing clients for Petrol Rem's oil spill clean up products, is expected to continue to steadily further increase monthly consolidated revenue for Petrol Rem and BICO.
ViaCirq recently launched its ThermoChem(TM) HT System for use by physicians in treating abdominal cancer with regional hyperthermia.
BICO, Incorporated has its corporate offices in Pittsburgh, PA and is involved in the development and manufacture of medical and environmental solutions. Subsidiary, Petrol Rem Inc., with corporate headquarters and manufacturing facilities in Pittsburgh, is focused on environmental solutions. BICO's subsidiary, ViaCirq, Inc., also located in Pittsburgh, PA, develops, and markets leading-edge hyperthermia products and services of the highest quality and value.
FOR FURTHER INFORMATION, CONTACT:
Investors Media
Diane McQuaide Susan Taylor
412-429-0673 phone 412-429-0673 phone
412-279-9690 fax 412-279-5041 fax
INVESTOR RELATIONS NEWSLINE NUMBER: 800-357-6204
WEBSITE: www.bico.com
This press release contains statements of a forward looking nature. Shareholders and potential investors are cautioned that such statements are predictions and actual events or results may vary significantly.
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SOURCE BICO, Incorporated
/CONTACT: Investors: Diane McQuaide, 412-429-0673, or fax, 412-279-9690,
or Media: Susan Taylor, 412-429-0673 or fax, 412-279-5041/
/Web site: bico.com / |
