Bionutrics Gains Molecular-Distillation Technology by Acquiring InCon

Bionutrics, Inc. (Phoenix, Ariz.) acquired InCon Technologies, Inc. through a stock transaction completed in October. The transaction allows Bionutrics, a supplier of biopharmaceuticals, to expand its manufacturing capabilities; InCon is an expert in the field of high vacuum distillation and other molecular separation technology.

InCon also derives revenues from contract processing of high value constituents in edible oils for clients, including Bionutrics, as well as from process design, lab testing and the international sales of related equipment. InCon will continue to serve its other clients, which include Dupont, Monsanto, Cargill and Ciba Geigy. John Palmer, board chairman of InCon, will continue to serve in that position. The company's 35 chemists, engineers and operations experts will also remain. InCon operates from a production facility located in Batavia, Ill.

Bionutrics chairman and CEO, Ronald H. Lane, characterized the merger as "an important step in furthering the development of Bionutrics. Molecular distillation capabilities are critical to developing drugs, `functional foods' additives and dietary supplements from natural sources.

"Now that Evolve, our patented, all-natural cardiovascular dietary supplement, has been successfully launched, we are focusing heavily on further product development. Dietary supplements and `functional foods', as well as natural by-products, are important to generating early profits and managing risk. Also, because InCon is a successful operating company, its profits will help defray our ongoing development costs."

Bionutrics' first commercial product was discovered, developed, and then patented as P25 (didesmethyl-tocotrienol) tocotrienol. It is derived from rice bran, and is being marketed as a cholesterol-clearing food additives or dietary supplement brandnamed Clearesterol. Another product has been introduced as Evolve. This all natural dietary supplement helps maintain cardiovascular health by lowering cholesterol, promoting normal circulation, and acting as an antioxidant that protects against free radicals and the oxidization of LDL.