Industrial Biotechnology Corporation Announces Implementation of the ALCHEMx(TM) Bio Renewable Resources Production Platform

SARASOTA, FL -- (MARKET WIRE) -- March 05, 2007 -- Industrial Biotechnology Corporation (PINKSHEETS: IBTY) (IBC), a company dedicated to new biotechnologies and innovations in the chemical industry, today announced that it has expanded its ALCHEMx™ technology capabilities by implementing a Bio Renewable Production Platform.