Industry News

Sherwin-Williams and BioQuest Technologies to Create a Private Label Antimicrobial Paint for the Lynd Company

Published on 2007-07-02. Author : SpecialChem

JUPITER, Fla. -- BioQuest Technologies, Inc., (Pink Sheets:BQTG - News), a leading developer of innovative, environmentally safe antimicrobial products, announced it has been contracted by the Lynd Company, one of the top 50 largest apartment management companies in the U.S., to work with the Sherwin-Williams Company (NYSE:SHW - News) on a private label paint. The new private label antimicrobial paint will be a blend of BioQuest's ProShield 5000 and Sherwin-Williams paint. The Lynd Company will use the new private label paint in its apartment communities which are location throughout the U.S.

The Lynd Company, headquartered in San Antonio, TX, is a 25 year old professional property management company dedicated to providing quality living environments for an enjoyable living experience. The Lynd Company and its subsidiaries have financed, brokered and/or purchased over $1 billion in multifamily investments across markets in the southeastern and southwestern U.S. The company was ranked the 35th largest apartment manager in the U.S. for 2007, up from 40th place in 2006 by the National Multi Housing Council.

"Developing an antimicrobial paint with Sherwin-Williams on behalf of the Lynd Company reinforces the proven effective, measurable benefits our products offer like ProShield 5000," said Arne Rotne II, CEO of BioQuest Technologies, Inc. "Since our products can be used in a multitude of areas incorporating our powerful antimicrobial solution with the quality of Sherwin-Williams paint makes a lot of sense. Apartment communities, homes and condos alike can realize direct results with BioQuest's unique line of products which reduce and even can eliminate bacteria on most surfaces."

Rotne said the Lynd Company is one of the largest customers of Sherwin-Williams paint which makes it possible to have them involved when it comes to creating a private label antimicrobial paint. By utilizing the new private label antimicrobial paint it will greatly reduce or eliminate mold and mildew in each apartment unit. In addition, maintenance costs are reduced and property value is maintained along with creating a better, safer, healthy living environment.

About The Sherwin-Williams Company:

Founded in 1866, The Sherwin-Williams Company is a world leader in the manufacture, distribution and sale of coatings and related products to professional, industrial, commercial and retail customers. The Company manufactures products under well-known brand names such as Sherwin-Williams, Dutch Boy, Krylon, Minwax, Thompson's Water Seal and many more. Sherwin-Williams branded products are sold exclusively through a chain of more than 3,000 company-operated stores, while the company's other brands are sold through leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers and industrial distributors throughout North America. Through its International Coatings Division, Sherwin-Williams distributes products in more than 20 countries around the world.

About BioQuest Technologies, Inc.:

BioQuest Technologies Inc. develops innovative antimicrobial products that are environmentally safe protecting homes and businesses from dangerous mold, bacteria and fungi. The company's best-selling and revolutionary new product is its patented BioShield 75 product which is EPA registered. BioShield 75 eliminates and inhibits further growth of bacteria, fungi, algae, mold and mildew. In addition, BioShield 75 is water based, odorless and colorless, protects a wide range of surfaces and has been accepted by the USDA for use on food contact surfaces. BioQuest's ProShield 5000 provides antimicrobial protection in textiles such as jerseys, socks, towels, and various surfaces. BioQuest Technologies offers a variety of products that provide durable and effective antimicrobial protection against damaging microbes.

Safe Harbor: This letter contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements. When used in the Annual Report on Form 10-K, the words "estimate," "anticipate," "expect," "believe," and similar expressions are intended to be forward-looking statements.

Source: BioQuest Technologies, Inc.

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