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Biotech / Medical : A Luxury Resort for the ill -- Medical Resorts Intl.TRAC -- Ignore unavailable to you. Want to Upgrade?

To: Englishbob who wrote (1075)	9/15/1999 10:10:00 PM
From: William Whitehead Jr.	Read Replies (1) \| Respond to of 1126

Medical Resorts International Inc. Declares Dividend Date EDMONTON, Sept. 15 /CNW/ - As stated in a press release dated July 23, 1999, Medical Resorts International Inc. (the ''Corporation'') is pleased to announce that it intends to declare a dividend in specie consisting of 3,000,000 common shares in the capital of International Biotech Corporation to the Corporation's shareholders of record as of September 21, 1999. The dividend in specie will be distributed on a prorata basis to the shareholders of the Corporation. Medical Resorts International Inc. is the controlling shareholder of International Biotech Corporation and the proposed distribution represents approximately 36% of the issued and outstanding common shares of International Biotech Corporation. International Biotech Corporation is an early stage biotechnology company which is engaged in development and commercialization of new, cost-effective, simplified and reliable procedures and tools for early diagnosis of infectious diseases. International Biotech Corporation has the exclusive world wide rights to market, manufacture and distribute the new V-Scan HIV 1 & 2 Test Kits, a fast, inexpensive and highly accurate means of determining whether an individual is HIV-positive. The Kits can be used anywhere, including doctors' offices, medical clinic, dialysis units, blood banks, emergency rooms and even at home. Due to the ease of use and low cost involved, the Kits can also be used in the testing of large population and in remote areas where access to testing is limited. The declaration of the dividend of the common shares in International Biotech Corporation and the distribution of the common shares is subject to it becoming a reporting issuer through the filing of a prospectus, which is in the process of being completed. Although the corporation does not anticipate any difficulties, there is no guarantee that this will happen. Medical Resorts International Inc., through its subsidiary Hotel de Health, operates a health facility in Anguilla, B.W.I., which offers dialysis and chelation for travelers, non-essential medical procedures, and distributes medical products throughout Anguilla and the surrounding region. The Corporation trades on the Canadian Dealing Network (CDN) Toronto under the symbol ''MDRE'' and in the United States on the NQB Pink Sheets under the symbol ''MRINF''. There are currently 32,928,592 issued and outstanding shares in the capital of Medical Resorts International Inc.