"approximately 2 billion shares will be returned by these
parties and retired to treasury."
**************
News for 'MONA' - (I.T.I. Bio-Tech (MONA:PK) Announces New Product That Combats C-Difficile and Airborne Viruses)
MONTREAL, Feb 02, 2009 /PRNewswire-FirstCall via COMTEX/ -- ITI Biotech
International, Inc., a wholly owned subsidiary of MonArc Corporation, announced
today it has begun manufacturing a revolutionary gel paste product that
effectively neutralizes and destroys Airborne viruses.
The product works much like a traditional room deodorizer, wherein the gel paste
evaporates gradually from within a dispenser placed in the room.
The new product, with a microbial agent added, has been extensively tested in
the laboratory and proven 99.8% efficient such viruses as; Staphylococus (ATCC
6538); Pseudomonas aerugin osa (ATCC 15442); and Clostridium difficile (BMS).
Life threatening airborne viruses are a major concern in settings such as
hospitals and nursing homes, and it has become standard practice to encourage
pro-active measures to address these increased risks, such as having patients
and visitors wash their hands when entering and leaving these facilities. The
Company's new product adds another important tool to safeguard the health of the
population in these settings.
Paul Sylvestre, President of I.T.I. Bio-Tech, and MonArc CEO advised; "The new
product can not only help eliminate these threats, but we anticipate it has the
potential to save lives. We will be manufacturing the new product for hospitals,
schools, as well as for residential homes. This unique product truly breaks new
ground in protecting public health".
In other Company news, the Company is pleased to announce that the rescission of
the Andrea Gold acquisition and spin-off of remaining Chinese assets currently
nearing completion, approximately 2 billion shares will be returned by these
parties and retired to treasury.
About I.T.I. Bio-Tech,
ITI is a Bio-Tech company, specializing in the manufacturing of products
eliminating Airborne Volatile Organic Compounds (VOC'S). Products manufactured
by ITI are laboratory tested, laboratory certified, biodegradable, food grade
approved chemicals, natural scents. Using recyclable containers, perforated caps
to ensure safety of children and pets and environmentally safe for the well
being of the people and planet.
Lets all get along
AI
