US BioTec Inc. announced that it has finalized a lease agreement to move its corporate offices to Gleason, Tenn.



"US BioTec has been moving strategically toward the execution of its business plan since going public last year. Over the last few months, it has become obvious that if we grow as quickly as projections indicate, we will outgrow our present facilities in the very near future. This is why we began researching locations last year that offered US BioTec the amenities and highway access it will need to be successful. These include available office and functional manufacturing space with plenty of room for expansion, raw land that can accommodate our future growth, a plentiful, skilled workforce, easy access to major interstates, flexible lease terms, and a favorable tax plan. We researched the most appealing sites in a very wide area and have decided to locate the corporate offices for US BioTec and its trucking subsidiary, Tel Star Corp. in Gleason, Tenn. The manufacturing/ warehouse/ trucking shop will be located close by in McKenzie. The present facilities will afford us plenty of time to analyze the Company's needs and growth rate before securing more permanent facilities in early 2006," says Jimmy Joyner, CEO of US BioTec Inc.

The executive team is already moving into its new offices in Gleason, and the 16,000 square foot McKenzie facility is scheduled to be available for the Company's renovation operations on February 1st. US BioTec's tentative schedule calls the manufacturing plant to be capable of production by March 15, 2005.

Source: Company Release