SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
___________________
Date of Report (Date of earliest event reported) April 24, 1997
BIOCONTROL TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
Pennsylvania 0-10822 25-1229323
(State of other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
300 Indian Springs Road, Indiana, Pennsylvania 15701
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (412) 349-1811
_________________________________________________________________
(Former name or former address,
if changes since last report.)
Item 1. Change in Control of Registrant.
Not applicable.
Item 2. Acquisition or Disposition of Assets.
Not applicable.
Item 3. Bankruptcy or Receivership.
Not applicable.
Item 4. Changes in Registrant's Certifying Accountant
Not applicable.
Item 5. Other Events.
On April 24, 1997, Biocontrol Technology, Inc.
(NASDAQ:BICO) announced that its HOTBottom antifouling paint has
been applied to two of the world's finest luxury megayachts,
OCTOPUSSY and PICANTE. HOTBottom is manufactured and marketed
through BICO subsidiary Barnacle Ban Corporation.
Item 6. Resignation of Registrant's Directors.
Not Applicable
Item 7. Financial Statement, Pro Forma Financial Information
and Exhibits.
(a) Financial Statements and Businesses Acquired - Not
Applicable.
(b) Pro Forma Financial Information - Not Applicable.
(c) Exhibits-Press Release
SIGNATURES
Pursuant to the requirement of the Securities Exchange Act
of 1934, the Registrant has duly caused this Report to be signed
on its behalf by the undersigned hereunto duly authorized.
BIOCONTROL TECHNOLOGY, INC.
by /s/ Fred E. Cooper
Fred E. Cooper, CEO
DATED: April 24, 1997
BICO
BIOCONTROL TECHNOLOGY, INC.
2275 Swallow Hill Road, Bldg. 2500
Pittsburgh, PA 15220
Press Release
Release: Immediate
For More Information, Call:
Investors Media
Diane McQuaide
Susan Taylor
1.412.429.0673 phone
1.412.279.9455 phone
1.412.279.9690 fax
1.412.279.9447 fax
BIOCONTROL GIVES MEGAYACHTS A HOTBOTTOM
Pittsburgh, PA - April 24, 1997 - Biocontrol Technology,
Inc. (Nasdaq:BICO) announced today that its HOTBottom
antifouling paint has been applied to two of the world's finest
luxury megayachts, OCTOPUSSY and PICANTE. HOTBottom is
manufactured and marketed through BICO subsidiary Barnacle Ban
Corporation. HOTBottom's secret formula makes it an excellent
hot antifouling coating for boat bottoms that travel in both
fresh and salt waters.
Built in 1988 for wealthy New York car dealer John Staluppi,
OCTOPUSSY is considered one of the world's fastest luxury
megayachts with a maximum speed of 43 to 44 knots. At that
speed, OCTOPUSSY guests can have breakfast, lunch, and dinner in
three separate ports, a fact that attracted her owner and draws
many to charter her. The 143' OCTOPUSSY, with five staterooms
and a crew of six to seven, is owned by South Florida businessman
Abraham Gosman's A.M.A. Charter Corp., and the megayacht charters
for $68,000 (low season) to $72,000 (high season) per week.
Although the 120' PICANTE is not quite as focused on speed
as is the OCTOPUSSY, Captain Michael Churchward was excited to
find the PICANTE to be two knots faster after having HOTBottom
antifouling paint applied. Like OCTOPUSSY, motor yacht PICANTE
also has five staterooms, a crew of six and is outfitted with all
the comforts of home including air conditioning, TV/VCR, cellular
phone, and fax.
"For such well-known, high-priced motor yachts so interested
in speed and performance to choose our HOTBottom antifouling
paint is important recognition of the paint's ability to not only
deliver excellent antifouling results but also to supply a smooth
hard finish that reduces drag and thereby helps to increase
speed," said James M. McGuire, chief executive officer of
Barnacle Ban Corporation.
Biocontrol further announced the addition of two key
personnel to the Barnacle Ban Corporation staff.
Mr. James H. Chamberlain (Jim) has joined Barnacle Ban as
Sales and Marketing Manager.
"With over twenty years of experience in the recreational
marine paint industry," said Barnacle Ban CEO, James McGuire,
"Mr. Chamberlain's significant sales, contacts, and strong
technical background will certainly be an asset to our expansion
efforts."
Before joining Barnacle Ban, Mr. Chamberlain was Product
Manager for Rule Industries Paint Division from 1990 to 1997 and
served as General Manager, Technical Sales Manager, and Technical
Sales Representative for Sea Hawk paint from 1982 through 1990.
He is also a member of the Marine Steering Committee for the
National Paint and Coatings Association and has authored several
industry articles including "Choosing a Bottom Paint," Cruising
World, April 1991; "Bottom Work," Boating Industry, April 1996;
and "Recreational Bottom Paint Overview," The Coatings Agenda
America 1996/97, August 1996.
Mr. Mike Steiner is now a Technical Sales Representative for
the states of Washington and Oregon. A bottom paint specialist,
he has over ten years experience selling and applying bottom
paint. Mr. Steiner was General Manager of Wyman's Marina in
Anacortes, WA for 11 years prior to assuming his new position at
Barnacle Ban.
Biocontrol further announced that three new manufacturers'
representatives and a foreign distributor have been set for the
Barnacle Ban HOTBottom products. The Merifield Company, which
has been providing quality representation to many of the nation's
leading marine manufacturers since 1932, will cover the
Northwestern US; Mac-Hugh & Associates, formed in 1989, will
represent the products in the Texas/Florida panhandle area; and
Niven Damon Company, established in 1953 as William J. Hill Co.,
will represent the products from New York State to Maine.
An agreement for foreign distribution was recently signed by
Barnacle Ban and Liquiplast s.r.l. Industria Vernici, located in
Livorno, Italy. Liquiplast has an established sales, marketing
and distribution system for marine products and will promote and
act as distributor in Italy for HOTBottom antifouling paint.
Biocontrol Technology, Inc. has its corporate offices in
Pittsburgh, PA and is involved in the development and manufacture
of biomedical devices and environmental products. Its
subsidiary, Barnacle Ban Corporation, also has its administrative
and manufacturing facilities in Pittsburgh, PA and manufactures
and markets marine coatings.
