Bio-One to Accelerate Acquisitions Process Through Agreement with Specialist M&A Advisor.

Business Editors

ORLANDO, Fla. & PROVIDENCE, R.I.--(BUSINESS WIRE)--June 24, 2003

Bio-One Corporation (OTCBB:BICO) ("Bio-One" or the "Company") announced that it has renewed its agreement with Health Business Partners, LLC to assist with the identification and execution of its acquisition of several nutritional supplement companies.

Bio-One is currently in the final stage of negotiating the terms and conditions of acquisitions representing revenues of approximately $40 million with EBITDA of approximately $4 million. It is anticipated that the purchases will be completed with a combination of equity and debt financing, which has been committed by credible sources. Bio-One is planning to execute a number of transactions during the coming months. It is targeting both manufacturers and marketers of nutritional supplements that are profitable and have growing revenues in excess of $3 million.

Health Business Partners, LLC (http://www.healthbusiness.com/) is one of the nutrition industry's leading M&A advisors and is dedicated to the global advancement of the nutrition, natural products and consumer-directed healthcare industry. Roy Bingham, Managing Director, who is working with Bio-One on this project, is a graduate of the Harvard Business School, a former associate of McKinsey & Company and co-founded Health Business Partners. He stated: "In the nutritional supplement industry there is a remarkable opportunity to execute a number of transactions to build a large and highly profitable Consumer Health Care Company. We recognized a management team and strategy at Bio-One that was ideally suited for the market's current circumstances and we are delighted to collaborate with them in this endeavor. I look forward to speaking with companies that are interested in becoming part of this strategy."

Business Summary

Bio-One Corporation is an emerging growth company that is embarking on building a significant business in the nutritional supplements industry via vertical integration acquisitions and marketing consolidation. The Company's home state, Florida, ranks first nationally in per capita consumption of nutritional supplements and second only to California in nutritional supplement sales. The Company's goal is threefold; 1) to uniquely serve people worldwide who desire vitality and longevity; 2) to interface a quality and value growth philosophy through vertical integration and selected marketing companies consolidation; 3) to provide an outstanding return on investment for Company shareholders.

Certain statements released by Bio-One Corporation that are forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Editors and investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the Company's business prospects and performance. These include, but are not limited to, economic, competitive, governmental, technological and other risks detailed in the company's registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.