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) October 25, 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. subsidiary Petrol Rem, Inc., announced
today that Petrol Rem and Universal Scrap Tire
Company, L.L.C., have formed a new company called
Tireless, L.L.C., which will focus on contracts
for shredding and recycling of scrap tires which
pose a sincere environmental and human health
problem. Petrol Rem has a 51% ownership in the
new entity.
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: October 25, 2000
BICO SUBSIDIARY PETROL REM FORMS TIRE RECYCLING COMPANY
Pittsburgh, PA - October 25, 2000 - BICO, Inc.
(OTCBB:BIKO) subsidiary Petrol Rem, Inc., announced today
that Petrol Rem and Universal Scrap Tire Company, L.L.C.,
have formed a new company called Tireless, L.L.C., which
will focus on contracts for shredding and recycling of scrap
tires which pose a sincere environmental and human health
problem. Petrol Rem has a 51% ownership in the new entity.
Mr. Carl H. Greene assumed the position of President of
Tireless, Inc. Mr. Greene is widely respected as an
exceptionally talented petro-chemical executive with more
than 25 years experience in project management and an in-
depth knowledge of the scrap tire business.
Although annually there are 270 million scrap tires
generated nationally, Tireless will initially concentrate on
the area comprised of Pennsylvania, Ohio, West Virginia, and
Maryland where there are an estimated 100 - 150 million
scrap tires. To facilitate the shredding of these tires, in
December 2000 Tireless will take delivery of a state-of-the-
art McKinnon (CM) Tire Shredder, which is mobile, can be
taken to the tire piles, and will allow Tireless to handle
the largest of scrap piles since it is capable of shredding
2,000 tires an hour. The Shredder/Waste Management Division
of Columbus McKinnon Corporation, a leading global
manufacturer and supplier of material handling products and
solutions, manufactures the CM Tire Shredder
Tireless is currently in discussions with Department of
Environmental Protection (DEP) officials in the target area
as it negotiates potential contracts.
Of this new venture, Mr. Greene said, "Tireless may be
new, but the company is backed and managed by engineers and
professionals representing over 100 years of experience in
energy and renewable fossil fuels and we can tailor a long-
term contractual agreement to meet customer requirements on
a cost efficient, reliable basis."
Scrap tires present a large environmental and health
problem as they cannot be buried in landfills because they
work themselves back to the top and create an excellent
breeding ground and home for disease carrying mosquitoes and
rodents. To aid in handling this problem, the Waste Tire
Recycling Act (Act 190 of 1996) provides Grants and
Investment Tax Credits to private sector companies for the
disposition of these waste tire piles.
The CM Tire Shredder grinds the scrap tires into 2-inch
pieces, which can then be used as fuel for utility companies
or cement kilns.
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
