BioShield Announces Signing of Preliminary Agreement with iXL Inc. Enterprises for Its E-Commerce Subsidiary.NORCROSS, Ga.--(BUSINESS WIRE)--June 3, 1999-- BioShield Technologies Inc. (Nasdaq:BSTI BSTI Bangladesh Standards and Testing Institute BSTI Basic Scientific and Technical Information ) announced today that its e-commerce subsidiary, AllergySuperstore.com, has signed a preliminary agreement with iXL Inc. (Nasdaq:IIXL) to develop a comprehensive medical related site on the Internet and a related medical intranet. It is anticipated that the final agreement will be completed within 30 days. Commenting on the agreement, Co-Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Timothy Moses said: "iXL has valuable experience in the Internet medical field as they developed the web site for WebMD, which recently agreed to merge with Healtheon (Nasdaq:HLTH HLTH Health HLTH WebMD Corporation (stock abbreviation, AMEX) ). We are extremely excited that the two companies have entered into this agreement." BioShield Technologies is comprised of four business divisions for the sale, distribution, and development of antimicrobial antimicrobial /an·ti·mi·cro·bi·al/ (-mi-kro´be-al) 1. killing microorganisms or suppressing their multiplication or growth. 2. an agent with such effects. , biostatic and medical related products for the Internet medical markets, retail, industrial & institutional and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and markets. Statements in this news release that are not historical are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in any forward-looking statements, all of which are difficult to predict and many of which are beyond the control of the company, including, but not limited to, risks and uncertainties related to new developing technologies, dependence on collaborative partners, the inherent complexity and uncertainty regarding the development of products, BioShield's early-stage development, the result of research and development efforts, future capital needs, and the uncertainty of additional funding and government regulations and other factors which are detailed in the company's periodic reports and registration statements filed with the Securities and Exchange Commission. BioShield does not undertake to revise or update any forward-looking statement to reflect events or circumstances that may arise after the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . |
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