International Absorbents Consolidates Stock

Apr 04, 2001, 01:00 ET from International Absorbents Inc.

    BELLINGHAM, Wash., April 4 /PRNewswire/ -- International Absorbents Inc.
 (OTC Bulletin Board:   IABS), a leading developer and producer of
 environmentally-friendly pet care and industrial products, today
 announced that the 1 for 4 share consolidation approved by shareholders on
 December 20, 2000, will be formally enacted on Monday, April 9, 2001.
     "Even though the Company's strong fiscal performance continues, our stock
 price remains undervalued and unrecognized," stated Gordon L. Ellis, Chairman
 of International Absorbents Inc.  "Therefore, management has elected to move
 forward with its shareholder approved mandate to consolidate the Company's
 stock in an effort to reach the broader investment community.  An enhanced
 stock price will overcome the under $1.00 price level concern which restricts
 many brokers and investment advisors from trading the Company's stock.  The
 four fold increase in earnings per share will also contribute towards
 providing the investment community with a more attractive opportunity."
     "The Company posted record revenues and record profits for the nine months
 of fiscal 2001 (ended October 31, 2001) and will soon be announcing financial
 results for the year (ended January 31, 2001).  Strong growth for fiscal 2002
 is anticipated.  Our financial base is extremely healthy.  Management believes
 that the Company's strong fiscal characteristics combined with this stock
 consolidation and its obvious benefits will be a significant step forward in
 achieving meaningful shareholder value."
 
     International Absorbents Inc. develops, manufactures and markets patented
 and proprietary, cost effective consumer and commercial products derived from
 recycled, renewable materials.  These environmentally safe products outperform
 conventional products used in a broad range of consumer and industrial
 applications, including retail/commercial pet bedding and litter, oil and
 hazardous liquid spill cleanup and control, oil/water filtration, and
 packaging.  Further information is available at http://www.absorbent.com.
 
     Statements made in this document referring to the Company's outlook,
 sales, expenses, profits and cash flow are forward-looking statements. It is
 important to note that the Company's actual results could differ materially
 from those projected, due to various risk factors.  Those risk include, but
 are not limited to consumer acceptance of the Company's products in new
 markets, competitor reactions and their ability to market and price their
 products, general economic conditions outside of the control of the Company,
 and the economic availability of sources of raw materials to meet demand rates
 necessary to sustain growth.  Additional information concerning factors that
 could cause actual results to differ materially from those in the forward-
 looking statements is contained from time to time in the Company's SEC
 filings, including but not limited to forms 10-KSB, 10-QSB and the proxy
 statement.
 
 

SOURCE International Absorbents Inc.
    BELLINGHAM, Wash., April 4 /PRNewswire/ -- International Absorbents Inc.
 (OTC Bulletin Board:   IABS), a leading developer and producer of
 environmentally-friendly pet care and industrial products, today
 announced that the 1 for 4 share consolidation approved by shareholders on
 December 20, 2000, will be formally enacted on Monday, April 9, 2001.
     "Even though the Company's strong fiscal performance continues, our stock
 price remains undervalued and unrecognized," stated Gordon L. Ellis, Chairman
 of International Absorbents Inc.  "Therefore, management has elected to move
 forward with its shareholder approved mandate to consolidate the Company's
 stock in an effort to reach the broader investment community.  An enhanced
 stock price will overcome the under $1.00 price level concern which restricts
 many brokers and investment advisors from trading the Company's stock.  The
 four fold increase in earnings per share will also contribute towards
 providing the investment community with a more attractive opportunity."
     "The Company posted record revenues and record profits for the nine months
 of fiscal 2001 (ended October 31, 2001) and will soon be announcing financial
 results for the year (ended January 31, 2001).  Strong growth for fiscal 2002
 is anticipated.  Our financial base is extremely healthy.  Management believes
 that the Company's strong fiscal characteristics combined with this stock
 consolidation and its obvious benefits will be a significant step forward in
 achieving meaningful shareholder value."
 
     International Absorbents Inc. develops, manufactures and markets patented
 and proprietary, cost effective consumer and commercial products derived from
 recycled, renewable materials.  These environmentally safe products outperform
 conventional products used in a broad range of consumer and industrial
 applications, including retail/commercial pet bedding and litter, oil and
 hazardous liquid spill cleanup and control, oil/water filtration, and
 packaging.  Further information is available at http://www.absorbent.com.
 
     Statements made in this document referring to the Company's outlook,
 sales, expenses, profits and cash flow are forward-looking statements. It is
 important to note that the Company's actual results could differ materially
 from those projected, due to various risk factors.  Those risk include, but
 are not limited to consumer acceptance of the Company's products in new
 markets, competitor reactions and their ability to market and price their
 products, general economic conditions outside of the control of the Company,
 and the economic availability of sources of raw materials to meet demand rates
 necessary to sustain growth.  Additional information concerning factors that
 could cause actual results to differ materially from those in the forward-
 looking statements is contained from time to time in the Company's SEC
 filings, including but not limited to forms 10-KSB, 10-QSB and the proxy
 statement.
 
 SOURCE  International Absorbents Inc.