Industrial Biotechnology Corporation Engages ProteinOne For Vectoring, Strain Development And Bio-Repository Services

SARASOTA, FL -- (MARKET WIRE) -- October 24, 2006 -- Industrial Biotechnology Corporation (PINKSHEETS: IBTY) (IBC), a company dedicated to new biotechnologies and innovations in the chemical industry, today announced the selection of ProteinOne to provide and enhance IBC’s biological system design, vectoring, strain development and bio-repository services for targeted compounds.

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