Industrial Biotechnology Corporation Develops Nootkatone

SARASOTA, FL -- (MARKET WIRE) -- January 10, 2007 -- Industrial Biotechnology Corporation (PINKSHEETS: IBTY) (IBC), a company dedicated to new biotechnologies and innovations in the chemical industry, today announced they have made Nootkatone through the use of the company’s proprietary ALCHEMx Production Platforms™.