UPDATE: International Pharmacy Outlets Inc. / Bionic Products, Inc. Corporate Update / New Product Rollout!
Dec 12, 2006 9:00:00 AM
HENDERSON, NV and LAS VEGAS, NV -- (MARKET WIRE) -- 12/12/06 -- International Pharmacy Outlets Inc. announced in August 2006 that its Board of Directors has approved and filed with the Nevada Secretary of State an amendment to its Articles of Incorporation that would effect a name change to Bionic Products, Inc. (PINKSHEETS: BNPD).
Bionic Products, Inc. also is pleased to have registered with Dunn & Bradstreet, which will help identify new customers and distributors along with shippers and every aspect for their new "BionicBoink" Energy Drink Product line! The new product rollout and promotions are underway, and will hit the markets soon. "We have initiated negotiations and contracts with several groups that will move our new product line to the public as fast as we will be able to meet demand," stated a Bionic representative.
The Power Drink product flavors are in final development stage and are set for initial market test release. While the specific markets are still being qualified, early samples of the products have received extremely positive feedback and have begun generating considerable "word of mouth" interest and excitement!
The most obvious characteristic of an industry going from monopoly to perfectly competitive is the decrease in price and the power drink market is no exception. The Power or "Energy" drink industry is the fastest growing sector of the entire beverage industry. Energy drink sales exceeded over $3.0 billion dollars during 2005, in the USA alone. According to N.A.C.S. (National Association of Convenience Stores) last year energy drinks sales grew a staggering 55% versus the standard carbonated beverages such as Coke, Pepsi, Mountain Dew, Sprite, etc., which experienced only a .03% growth in 2005.
This name change further strengthens the Company's commitment to better serve the specialty water and energy drink markets. Bionic Products, Inc. is a Nevada Corporation formed for the purpose of discovering, developing and marketing breakthrough water technologies that will enhance the health and wellness of consumers worldwide basis for future products including entry into the energy drink markets. Bionic's business model shows the introduction of a gamut of new products and a rollout of a marketing campaign that will display products strategically throughout the United States, Canada, and the Caribbean.
IPCY, now Bionic Products, Inc., is a Pink Sheets company whose stock is traded on the NASDAQ OTC under the symbol: BNPD-PK.
Except for historical information contained herein, the matters set forth in this news release are forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Potential risks and uncertainties include such factors as the level of business and consumer spending for electronic products, the amount of sales of the Company's products, the competitive environment within the electronic component industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts and the financial strength of the Company's customers and suppliers. Investors are also directed to consider other risks and uncertainties discussed in documents filed by the Company with the Securities and Exchange Commission.
For Additional Information:
Contact:
Bionic Products, Inc.
(702) 989-0746
www.bionicwater.com
The Novak Team / Investor relations
(888) 601-9983
www.novakcapital.com
www.boinkenergy.com
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