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Industrial Biotechnology Corp: Industrial Biotechnology Corporation Signs Manufacturing Distribution Letter of Intent and Cooperation Agreement With Tianjin Zhongao Group

13th Nov 2006, 19:07 GMT

SARASOTA, FL (MARKET WIRE) Industrial Biotechnology Corporation (PINKSHEETS: IBTY) (IBC), a company dedicated to new biotechnologies and innovations in the chemical industry, today announced it has signed a manufacturing distribution and cooperation letter of intent with Tianjin Zhongao Group, a leading Chinese PRC private owned holding company, for exclusive manufacturing and distribution of up to 600,000 metric tons of

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