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Mediatech, Inc. Is Named Virginia Biotechnology Company Of The Year

10/19/2005 5:11:47 PM

HERNDON, Va., Oct. 18 /PRNewswire/ -- The Virginia Biotechnology Association, a non-profit organization that promotes biotechnology businesses throughout Virginia, has named Mediatech Inc., Biotechnology Company of the Year. Mediatech is currently based in Herndon, VA and has announced plans to build a new biotechnology manufacturing facility at Innovation@Prince William Business Park. The $10 Million project will provide approximately 100 additional jobs, which will make Mediatech one of the largest biotech firms in Virginia. The facility will be built just outside of Manassas, VA with help from $1.2 Million in grants, tax breaks and other incentives from the Common Wealth of Virginia and Prince William County.

Mediatech, Inc., a privately held company, is a leading manufacturer of life science products with a portfolio of trademarked items including cellgro(R), cell culture media. Mediatech is a registered FDA device establishment. Through a diverse line of high quality products incorporating innovative technology as well as packaging media, Mediatech seeks to meet the specific needs of its customers. The principal end users of Mediatech's products are renowned research and biotechnology institutions as well as pharmaceutical corporations that utilize Mediatech's products in pioneering research to treat human and animal diseases. Mediatech is deeply involved in the production of cellular transplantation processing materials.

Mediatech chose Prince William County after a multi-state search. "Mediatech selected Innovation@Prince William for our new corporate headquarters and state-of-the-art biotech manufacturing facility after an exhaustive multi-state search," said Mediatech President and cofounder Jim DeOlden. "We recognize the growing opportunities and resources Prince William County has to offer. Additionally, we recognize the advancing presence of biotechnology in the area and the potential opportunities to work closely with surrounding universities like George Mason as well as other top quality biotechnology companies."

By Mid 2006, the building should be completely operational. Mediatech is celebrating its 20 years of business and is very excited about future growth opportunities.

CONTACT: Karen Evans of Mediatech Inc., +1-703-471-5955, ext. 108.

Mediatech Inc.

CONTACT: Karen Evans of Mediatech Inc., +1-703-471-5955, ext. 108

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