BICO Subsidiary Petrol Rem Announces First Quarter 2001 Revenue

Apr 26, 2001, 01:00 ET from BICO, Inc.

    PITTSBURGH, April 26 /PRNewswire/ -- Petrol Rem Inc., a subsidiary of
 Pittsburgh-based BICO, Inc. (OTC Bulletin Board:   BIKO), today announced
 consolidated revenue of $520,178 for the first quarter of 2001, a dramatic
 increase from the $8,484 generated in the same period one year ago. Revenue
 for the period increased from the $342,008 reported for the fourth quarter of
 2000.
     "The increase in the current quarter revenues is due largely to Petrol
 Rem's October 2000 acquisition of subsidiary INTCO, Inc., an oil-spill cleanup
 company, which continues to generate substantial revenues. Combined with
 increased sales to new clients such as PT Caltex Pacific Indonesia and
 Pertamina and existing clients like Santa Fe International, second quarter
 revenue is expected to increase further," stated Pascal Nardelli, president
 and CEO of Petrol Rem.
     INTCO, a 20-year-old petroleum treatment and oil spill remediation
 company, is located in the United States Gulf Coast region where 18% of all
 oil spills in the U.S. occur.
     Caltex, a joint venture between Chevron Corporation and Texaco, Inc., has
 been involved in oil exploration and production since it was formed in 1936
 and produces nearly half of Indonesia's total output -- more than
 700,000 barrels of oil per day.  Pertamina, established by the Indonesian
 government in 1957, manages all oil and gas operations in Indonesia.  Santa Fe
 International Corporation was formed in 1946 and is recognized as a leading
 international offshore and land contract driller.
     Petrol Rem produces a series of oil spill absorption and bioremediation
 products. The base product, PRP(R), is sprayed as a loose powder on open water
 spills and bonds immediately with the oil preventing the pollution from
 sinking or further contaminating wildlife and vegetation. PRP is also
 contained in the company's BioBoom(R) and BioSok(R) products.  BioSok is used
 in boat bilges while BioBoom is used to solve a variety of hydrocarbon spill
 problems.  All products absorb and biodegrade the hydrocarbon containment,
 then biodegrade themselves.
     BICO, Inc. has its corporate offices in Pittsburgh and is involved in the
 development and manufacture of biomedical devices and environmental solutions.
 Subsidiary, Petrol Rem, Inc., with corporate headquarters and manufacturing
 facilities also in Pittsburgh, is focused on environmental solutions.
 
    This press release contains statements of a forward-looking nature.
 Shareholders and potential investors are cautioned that such statements are
 predictions and actual events or results may vary significantly.
 
     FOR FURTHER INFORMATION, CONTACT:
     Investors            Media
     Diane McQuaide       Susan Taylor
     412-429-0673 phone   412-429-0673 phone
     412-279-9690 fax     412-279-5041 fax
 
     INVESTOR RELATIONS NEWSLINE NUMBER: 1.800.357.6204
     WEBSITE: www.bico.com www.petrolrem.com
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X53132278
 
 

SOURCE BICO, Inc.
    PITTSBURGH, April 26 /PRNewswire/ -- Petrol Rem Inc., a subsidiary of
 Pittsburgh-based BICO, Inc. (OTC Bulletin Board:   BIKO), today announced
 consolidated revenue of $520,178 for the first quarter of 2001, a dramatic
 increase from the $8,484 generated in the same period one year ago. Revenue
 for the period increased from the $342,008 reported for the fourth quarter of
 2000.
     "The increase in the current quarter revenues is due largely to Petrol
 Rem's October 2000 acquisition of subsidiary INTCO, Inc., an oil-spill cleanup
 company, which continues to generate substantial revenues. Combined with
 increased sales to new clients such as PT Caltex Pacific Indonesia and
 Pertamina and existing clients like Santa Fe International, second quarter
 revenue is expected to increase further," stated Pascal Nardelli, president
 and CEO of Petrol Rem.
     INTCO, a 20-year-old petroleum treatment and oil spill remediation
 company, is located in the United States Gulf Coast region where 18% of all
 oil spills in the U.S. occur.
     Caltex, a joint venture between Chevron Corporation and Texaco, Inc., has
 been involved in oil exploration and production since it was formed in 1936
 and produces nearly half of Indonesia's total output -- more than
 700,000 barrels of oil per day.  Pertamina, established by the Indonesian
 government in 1957, manages all oil and gas operations in Indonesia.  Santa Fe
 International Corporation was formed in 1946 and is recognized as a leading
 international offshore and land contract driller.
     Petrol Rem produces a series of oil spill absorption and bioremediation
 products. The base product, PRP(R), is sprayed as a loose powder on open water
 spills and bonds immediately with the oil preventing the pollution from
 sinking or further contaminating wildlife and vegetation. PRP is also
 contained in the company's BioBoom(R) and BioSok(R) products.  BioSok is used
 in boat bilges while BioBoom is used to solve a variety of hydrocarbon spill
 problems.  All products absorb and biodegrade the hydrocarbon containment,
 then biodegrade themselves.
     BICO, Inc. has its corporate offices in Pittsburgh and is involved in the
 development and manufacture of biomedical devices and environmental solutions.
 Subsidiary, Petrol Rem, Inc., with corporate headquarters and manufacturing
 facilities also in Pittsburgh, is focused on environmental solutions.
 
    This press release contains statements of a forward-looking nature.
 Shareholders and potential investors are cautioned that such statements are
 predictions and actual events or results may vary significantly.
 
     FOR FURTHER INFORMATION, CONTACT:
     Investors            Media
     Diane McQuaide       Susan Taylor
     412-429-0673 phone   412-429-0673 phone
     412-279-9690 fax     412-279-5041 fax
 
     INVESTOR RELATIONS NEWSLINE NUMBER: 1.800.357.6204
     WEBSITE: www.bico.com www.petrolrem.com
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X53132278
 
 SOURCE  BICO, Inc.