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) November 2, 2000
BICO, 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.)
2275 Swallow Hill Road, Bldg. 2500, Pittsburgh, Pennsylvania 15220
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (412) 429-0673
_________________________________________________________
(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.
BICO, Inc. announced today that subsidiary Petrol
Rem, Inc. issued a letter of Intent to acquire
100% ownership of a local environmental firm that
has existing contracts with major companies to
support 2001 projected revenues of approximately
$8.5 million. Further details of the target
acquisition will be released as soon as possible.
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.
BICO, INC.
by /s/ Fred E. Cooper
Fred E. Cooper, CEO
DATED: November 2, 2000
BICO SUBSIDIARY TO PURCHASE LOCAL ENVIRONMENTAL FIRM
Pittsburgh, PA - November 2, 2000 - BICO, Inc.
(OTCBB:BIKO) announced today that subsidiary Petrol Rem,
Inc. issued a Letter of Intent to acquire 100% ownership of
a local environmental firm that has existing contracts with
major companies to support 2001 projected revenues of
approximately $8.5 million. Further details of the target
acquisition will be released as soon as possible.
With this Letter of Intent, Petrol Rem takes another
step in its overall plan to expand its operating base and
provide ready revenue stream to the Company as well as its
parent through acquisition of controlling interest in or
outright purchase of companies with existing revenue that
provide environmental solutions. Together with already
completed transactions, this latest target will bring that
projected 2001 revenue from acquisitions alone to
approximately $10 million.
Petrol Rem recently acquired 51% of INTCO, Inc., a 19-
year old petroleum treatment and oil spill remediation
company with 2000 projected revenue of $1.4 million and 2001
projections of $1.5 million.
Also, Petrol Rem, together with Universal Scrap Tire
Company, L.L.C., recently formed Tireless, L.L.C., which
will focus on shredding and recycling of scrap tires, a
sincere environmental and human health problem. Petrol Rem
anticipates that ongoing discussions with Department of
Environmental Protection officials will soon generate
initial contracts for Tireless.
BICO, Inc. has its corporate offices in Pittsburgh, PA
and is involved in the development and manufacture of
biomedical devices and environmental solutions. Subsidiary
Petrol Rem, Inc., with corporate headquarters and
manufacturing facilities also in Pittsburgh, focuses on
solutions for environmental problems.
FOR FURTHER INFORMATION, CONTACT:
Investors Media
Diane McQuaide Susan Taylor
1.412.429.0673 phone 1.412.429.0673 phone
1.412.279.9690 fax 1.412.279.5041 fax
INVESTOR RELATIONS NEWSLINE NUMBER: 1.800.357.6204
WEBSITE: www.bico.com
