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INT'L BIOREMEDIATION SERVICES INC. COMPLETES A REVERSE TAKEOVER

 VANCOUVER, British Columbia, July 16 /PRNewswire/ -- A waste conversion company has gone public on the Vancouver Stock Exchange by way of a reverse take-over, whereby a non-listed company takes over one already listed on the Exchange.
 Int'l Bioremediation Services Inc. resumed trading this morning at the opening. It trades under the symbol "ILB" and is classified as a "VENTURE" company.
 With its head office located in the United Kingdom, Int'l Bioremediation is now involved in marketing and production of dried bacterial cultures for the biodegradation of organic waste. The subsidiary companies consist of 100 percent-owned Int'l Bioremediation Services Ltd., based in the United Kingdom, IBS France S.A.R.L. located in France and 65 percent-owned Everflow Inc., based in Virginia.
 The company has completed a private placement of 1,473,685 shares at a price of $0.90 per share.
 The company's capitalization is 25 million shares with no par value of which 9,450,994 are issued and outstanding (including 1,473,685 shares in escrow). Pacific Int'l Securities is the sponsoring member and Montreal Trust Co. is acting as the company's transfer agent.
 For further information, please refer to the company's filing statement June 30, 1993.
 INT'L BIOREMEDIATION SERVICES INC.
 Artur Haslimann
 President
 Westgate, Aldridge
 West Midland, United Kingdom W598EY
 011 44 92 2743585
 -0- 7/16/93
 /CONTACT: David A. Laundy of Vancouver Stock Exchange, 604-689-3334/


CO: Vancouver Stock Exchange; Int'l Bioremediation Services Inc. ST: British Columbia IN: SU:

BP-MF -- LA026 -- 2619 07/16/93 16:12 EDT
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Date:Jul 16, 1993
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