SOURCE: US BioTec

October 10, 2006 13:15 ET

US BioTec Announces Formation of Exploratory Subsidiary

GLEASON, TN -- (MARKET WIRE) -- October 10, 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 the Board Of Directors has approved the incorporation of a subsidiary for use in potential new business ventures. This new subsidiary will immediately begin exploring opportunities presented to USBO for entry into various aspects of the bio-fuels market.

"Promoting the use of renewable resource fuels from grain could end up being very important to the marketing potential of USBO's grain products. After seeing a couple of opportunities pass us by within our field of contacts related to alternative fuels and since being approached by another group to supply alternative fuels, the Board decided USBO should have a corporate vehicle to handle any potential alternative fuel deals that we might enter into," says Jimmy Joyner, CEO of US BioTec.

Ethanol made from grain- (corn) based alcohol and soy-diesel, a soybean-based fuel, both carry a government subsidy that makes these fuels attractive to use and manufacture. Corn is the largest grain market in the U.S. and soybean is number two. Any increase in the use of these related alternative fuels automatically increases demand for corn and soybeans. USBO's potential to market biotechnology products in these huge grain markets is enhanced as demand increases these crop prices. USBO sees multiple opportunities for it to enter into the fast growing bio-fuels market in areas ranging from the supply of bio-chemicals to growers to the actual manufacturing of ethanol.

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