Industrial Biotechnology Corporation (PINKSHEETS: IBOT), utilizes sugarcaneethanol for energy solutions and environmentally friendly chemicals forconsumer packaging, energy, agricultural, pesticides, materials and polymerindustries.

Mr. Badolato discusses the Company's two operating subsidiaries, RenewableChemicals Corporation that utilizes sugarcane feedstock as an alternativeto petroleum based chemicals andRenewable Fuels of America Inc., an importer and distributor of Braziliansugarcane ethanol to targeted coastal areas.

According to Mr. Badolato, "The company's current business models root weredeveloping commercial biological technologies and solutions for thechemical industry. In the marketplace we became aware of the growingtrends towards sustainable eco-efficient solutions using renewableresources. We saw a real need and opportunity for the next wave, after theuse of ethanol as an alternative fuel, for bio-renewable chemicals. Thereis a strong demand and interest for renewable packaging solutions. Wal-Mart(Market, News) forexample, has initiated and pioneered a very strong sustainabilityinitiative that focuses on reducing packaging and adherence to sustainablepractices."

In elaborating on his current partners, "We went about developing partnersand providers in the supply chain to deliver bio-renewable chemicals. Wemet Cosan SA (Market,News) approximately a year ago. Cosan is the world's largest processorof sugarcane ethanol, which happens to be 7-8 times more efficient thancorn feedstock, has significantly less carbon impact, and is not acompeting food source."

Updating Renewable Fuels of America Inc., Mr. Badolato notes, "Weanticipate revenues shortly and are in process of negotiating finalagreements. We have identified distributors, storage facilities, and ofcourse have supply in place with Cosan."

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About Industrial Biotechnology Corporation (PINKSHEETS: IBOT): IndustrialBiotechnology Corporation provides products, services and technologiesusing renewable resources as an alternative to petroleum. IBC utilizessugarcane based ethanol which is considered the leading cost efficient,energy balanced and environmentally sustainable feedstock source, whencompared to petroleum and other alternative fuels. IBC will provide thesecost competitive, environmentally responsible solutions via its operatingsubsidiaries Renewable Chemicals Corporation (RCC) and Renewable Fuels ofAmerica Corporation (RFAC).

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