BioQuest Technologies Announces Partnership with Indusco Ltd. To Produce and Sell Over 200 Cleaners and Degreasers

JUPITER, Fla.--BioQuest Technologies, Inc., (Pink Sheets:BQTG), a leading developer of innovative, environmentally safe antimicrobial products, today announced it has partnered with Indusco Ltd., a manufacturer of over 350 different specialty chemical and cleaning products, to produce and market over 200 cleaners and degreasers. The products will be targeted to the home and business cleaning supply industry as well as the Auto Care industry among others.

BioShield 75, introduced two years ago, has been utilized in the medical, hospitality, health club, and athletics industries because of its proven effectiveness and durability. Once applied, BioShield 75’s invisible microbiostatic coating becomes part of the filter fiber, polymerizing and standing up like spikes – 1,000 spikes of protection per the width of a hair – minimally to reduce and even eliminate microbials. ProShield, the concentrated version, provides antimicrobial protection to textiles such as jerseys, socks, towels for up to 50 washes without a decrease in effectiveness with just one application.

“The partnership with Indusco is significant. It is great to team up with a top notch chemical manufacturer who gives us an unbeatable line of cleaners and degreasers for almost any industry,” said Arne Rotne II, CEO of BioQuest Technologies, Inc. “Indusco also benefits from our reputation and standard we have set for selling and marketing our technologies together such as BioShield 75 and ProShield 5000. We certainly feel this is a synergistic partnership which should reap tremendous rewards for both parties.”

Rotne said the company has already initiated a marketing plan on a number of the products involved in the joint venture with Indusco Ltd. and believes many industries such as the sports, food, health care, construction, travel and entertainment, real estate, and marine would be ideal markets for many of the products.

About Indusco, Ltd.:

Indusco, Ltd., headquartered in Greensboro, NC, is an ISO 9001/2000 chemical manufacturing facility producing over 350 different specialty chemical and cleaning products covering an extremely wide range of uses, such as janitorial and cleaning products. The company’s product line includes, but is not limited to; cleaners, degreasers, hand soaps, antibacterial hand soaps, disinfectants, spray and wipe cleaners, glass and window cleaners, dish washing liquids, laundry detergents, enzymes, odor counteractants, and solvent cleaners. More information can be found at: www.induscoltd.com.

About BioQuest Technologies, Inc.:

BioQuest Technologies Inc. develops innovative antimicrobial products that are environmentally safe protecting homes and businesses from dangerous mold, bacteria and fungi. The company’s best-selling and revolutionary new product is its patented BioShield 75 product which is EPA registered. BioShield 75 eliminates and inhibits further growth of bacteria, fungi, algae, mold and mildew. In addition, BioShield 75 is water based, odorless and colorless, protects a wide range of surfaces and has been accepted by the USDA for use on food contact surfaces. BioQuest’s ProShield 5000 provides antimicrobial protection in textiles such as jerseys, socks, towels, and various surfaces. BioQuest Technologies offers a variety of products that provide durable and effective antimicrobial protection against damaging microbes. For more information about BioQuest Technologies go to: www.BioQuestech.com.

Safe Harbor: This letter contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements. When used in the Annual Report on Form 10-K, the words "estimate," "anticipate," "expect," "believe," and similar expressions are intended to be forward-looking statements.