Industrial Biotechnology Corporation Develops Farnesol

SARASOTA, FL -- (MARKET WIRE) -- January 22, 2007 -- Industrial Biotechnology Corporation (PINKSHEETS: IBTY) (IBC), a company dedicated to new biotechnologies and innovations in the chemical industry, today announced that it has made Farnesol through the use of the company's proprietary ALCHEMx Production Platforms™.

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