The Jailhouse

[PayBackTime]

Last week for ggreatasshle and HoMo_do SCUM ~ATLANTA, Feb 12, 2003 /PRNewswire-FirstCall via COMTEX/

-- "International BioChemical Industries, Inc. (OTC Bulletin Board: IBCL) confirms that the Company and Timothy C. Moses, the Company's President and CEO, have been served with a complaint filed in Federal Court by the Securities and Exchange
Commission (SEC) concerning certain press releases issued by the Company between January 29, 2003 and February 3, 2003. The SEC has imposed a temporary suspension on the trading of the Company's stock.

Both the Company and Mr. Moses have retained the law firm of Schreeder, Wheeler,& Flint, LLP with respect to this matter. T
he SEC's request for a preliminary injunction has been set for Thursday, February20, 2003."

Justice is done!