SOURCE: US BioTec

October 31, 2006 09:15 ET

US BioTec Announces Additional Petroleum Marketing

GLEASON, TN -- (MARKET WIRE) -- October 31, 2006 -- US BioTec, Inc. (PINKSHEETS: USBO), an emerging player in the rapidly growing bio-chemical sector of the annual multi-billion dollar industries related to agriculture, lawn and garden, and golf course products, today announced that it has entered negotiations with TEXCOM Trading LLC for the purpose of purchasing crude oil.

"As announced, USBO signed an agreement this month to sell bio-diesel, ethanol and other petroleum products to CEN Properties, Inc. Now USBO is negotiating an agreement to secure the purchase of crude oil (for re-sale) from TEXCOM Trading LLC," says Jimmy Joyner, CEO of US BioTec. "When completed, this agreement will furnish USBO an annual multi-million barrel supply of crude for sales to CEN Properties, Inc. and to other buyers in addition to offering future buyers ethanol and bio-diesel."

All of US BioTec's products are non-toxic, non-carcinogenic and biodegradable alternatives to the toxic and sometimes carcinogenic agrichemicals that have been widely used by farmers for decades. The agrichemical market, which is measured in the tens of billions of dollars annually, is controlled primarily by a handful of large multi-national corporations such as DuPont, Syngenta, Bayer, BASF, Dow Chemical and Monsanto.

About US BioTec

US BioTec was established to profitably develop, manufacture, market and distribute bio-degradable, non-toxic and non-carcinogenic products to agriculture, the commercial turf industry, forestry, golf courses, professional landscapers, nurseries and mass market retail lawn and garden markets. USBO is striving to be the U.S. market leader in the expanding bio-chemical sector of the annual multi-billion dollar agricultural chemical marketplace. It has already begun taking the necessary steps to negotiate distribution and joint venture contracts to facilitate its nationwide expansion over the next few years. The Company's products are designed to rehabilitate soils, repel insects and increase crop (plant) yields through environmentally friendly alternatives to toxic man-made pesticides and caustic synthetic fertilizers and herbicides. To learn more about US BioTec and its products, please visit www.usbioteccorp.com

Certain statements in this news release may contain forward-looking information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.

Contact Information