Food Concepts Merger Agreement Signed
JERSEY CITY, N.J. (May 6) BUSINESS WIRE -May 6, 1998--The Chairman of the Board of Food
Concepts, Inc., (OTC BB - JAVA), Herb Glaubman, announced that Food Concepts has signed an
agreement to merge with Insecta Sales and Research, Inc. Pursuant to this merger the Company will
change it's name to Viropro, Inc., a Nevada Corporation.
The merger was effected through a transfer of stock and will allow the Company to increase sales and
enhance shareholder value without impeding it's cash position.
Insecta is an Oakland Park, Florida based company that manufactures and distributes a patented
insecticide coating system produced and sold under the registered trademark INSECTA(R). The EPA
registered INSECTA(R) brand is used to control insects in a variety of applications from commercial
and residential spaces to restaurants and public housing projects.
The INSECTA(R) product is guaranteed to eliminate for ONE FULL YEAR, a capability that, the
Company believes, helps to make it vastly superior to most other brands of insecticide on the market
today. The Company can offer this guarantee because of the manner through which the insects are
exposed to the chemicals which adheres to the insects. Once exposed they can not escape the
chemicals; they return to the nest and die. Additionally, since the killing agent is encapsulated in a
coating system, once INSECTA(R) has dried there is no lingering chemical smell or chance of
secondary contamination. After application the INSECTA(R) system is safe for children and pets.
These characteristics make INSECTA(R) ideal for use in the food service industry, public housing
projects; any place that people and insects come in contact with each other.
To add to their product line, Insecta is in the final stages of development of two specialized
applications of their patented and EPA registered formulation that once widely available will help to
catapult sales. The first has international implications, particularly in tropical and malaria infested
regions; a specially designed mosquito netting which has been treated during manufacturing with the
INSECTA(R) product. This product, when widely distributed, will help to reduce the risk of or at the
least curtail certain mosquito borne illnesses in those geographic regions were exposure is a health
concern.
The second is a special formulation of the INSECTA(R) product that was specifically created to
address the problem of roach infestation in the sewer systems that are a staple of the global
infrastructure. Most industrialized nations, especially the United States, have a well established sewer
system servicing its major cities. In warmer climates, roach infestation is a significant concern; and in
some incidents impedes the work of Public Works employees. INSECTA MANHOLE(R), was
formulated to address this problem and allow these people to do their jobs and not be concerned with
insects.
All of the INSECTA(R) products will be manufactured and marketed by Viropro, Inc. For further
information please contact Hugh Johnson at 800.361.1199.
-0- fb/ny*
CONTACT: Hugh Johnson, 800/361-1199
KEYWORD: NEW JERSEY INDUSTRY KEYWORD: FOODS/BEVERAGES MERGERS/ACQ
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(06 May 1998 09:34 EDT)
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