INDUSTRIAL BIOTECHNOLOGY CORPORATION ANNOUNCES BIOLOGICAL CHEMICAL SCALE UP DEVELOPMENT CONTRACT

Industrial Biotechnology Corporation (OTC Pink Sheets: IBTY) ("IBC" or the "Company") and Angel Biotechnology Holdings plc (AIM: ABH), a biopharmaceutical contract manufacturer that was recently admitted for trading on AIM, jointly announce a biological scale up development contract. The programme of works contract provides for fermentation scale up and optimization of IBC's proprietary production systems for selected specialty chemicals of biological origin after the designer enzyme for the specific chemical has been created.

PR Newswire (http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/03-03-2006/0004312966&EDATE=)