BICO Subsidiary Petrol Rem Projects Increased Consolidated Revenues
PITTSBURGH, July 24 /PRNewswire/ -- Petrol Rem Inc., a subsidiary of Pittsburgh-based BICO, Incorporated (OTC Bulletin Board: BIKO), today announced projected consolidated revenue of approximately $1.3 million for the third quarter of 2001. This will represent a significant increase over the reported first and second quarter 2001 consolidated revenue of $520,178 and $622,000, respectively.
BICO CEO Fred E. Cooper stated, "It is very encouraging to see consolidated revenue in Petrol Rem increasing at a faster pace than expected, and we feel that there are several other opportunities that will further impact the bottom line for Petrol Rem before year's end."
BICO, Inc. has its corporate offices in Pittsburgh and is involved in the development and manufacture of biomedical devices and environmental solutions. Subsidiary Petrol Rem Inc., with corporate headquarters and manufacturing facilities also in Pittsburgh, is focused on environmental solutions.
FOR FURTHER INFORMATION, CONTACT:
Investors Media
Diane McQuaide Susan Taylor
1-412-429-0673 phone 1-412-429-0673 phone
1-412-279-9690 fax 1-412-279-5041 fax
INVESTOR RELATIONS NEWSLINE NUMBER: 1-800-357-6204
WEBSITE: www.bico.com
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SOURCE Petrol Rem Inc.
/CONTACT: Investors: Diane McQuaide, 1-412-429-0673, or fax,
+1-412-279-9690, or Media: Susan Taylor, +1-412-279-5041, or fax,
+1-412-429-0673, both of BICO/
/Web site: bico.com / |
