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 11, 2000
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.
After completing additional due diligence, the Company
announced that it had decided not to invest in P.F.
Environmental, Inc. The April 12, 2000 release
followed the Company's earlier statement that it
intended to purchase a majority interest in that
company.
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 11, 2000
BICO
BIOCONTROL TECHNOLOGY, INC
2275 Swallow Hill Road, Building 2500
Pittsburgh, PA 15220
Press Release
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
BIOCONTROL TECHNOLOGY INTENDS TO PURCHASE CONTROLLING INTEREST
IN LEADING ENVIRONMENTAL TECHNOLOGY COMPANY
Pittsburgh, PA - April 11, 2000 - Biocontrol Technology,
Inc. (OTCBB:BICO) announced today that it intends to purchase a
fifty-two percent interest in PF Environmental Technologies, Inc.
(PF Environmental), a leader in the beneficial reuse, waste
minimization and recycling industry, subject to the completion of
due diligence.
PF Environmental presently has multiple-year contracts with
Wheeling-Pittsburgh Steel Corporation, Southdown Cement, ALCOSAN,
and Allegheny Energy Systems (AES). Those contracts generated
gross revenues in excess of 2 million dollars in 1999, and PF
Environmental anticipates these contracts will generate revenues
in excess of 7 million dollars for the year 2000 and 10 million
dollars for the year 2001.
Once the purchase is finalized, PF Environmental will bring
immediate revenue to Biocontrol through its existing contracts,
which service the steel, cement, biosolids waste and utility
industries by providing the development and operation of
innovative, efficient and cost effective solutions to byproduct
and management issues. Established in 1994, PF Environmental is
headquartered in New Castle, PA.
According to Biocontrol CEO Fred E. Cooper, "Part of
Biocontrol's long-term business plan is to invest in emerging
companies with existing revenue, excellent growth potential, and
the ability to positively impact our environment. We believe PF
Environmental is a great addition."
David Richards, COO of PF Environmental, said, "There is
great demand for our products and processes across the country.
Biocontrol's investment will help PF Environmental achieve its
long-term goals of expanding into the national environmental
market. And we believe that PF Environmental can assist
Biocontrol with its goals of expanding revenues and impacting the
environment."
PF Environmental products include:
BTDT (Better Than Dirt), a "synthetic soil" derived from a
byproduct of the cement
industry and wastewater sludge and used as daily cover for
landfills. PF Environmental has successfully implemented its BTD
process at Allegheny County Sanitary Authority, and New Castle,
PA and Ellwood City, PA sanitary facilities under two 4-year
contracts.
GypsynT is a process that refines scrubber sludge from power
plants making it reusable in the cement manufacturing process.
The company has a fifteen-year contract to remove scrubber sludge
from AES' Beaver Valley Cogeneration Plant. The sludge is
refined and the Gypsyn product is sold under a 7-year contract to
Southdown Cement's Wampum and Neville Island facilities in
Pennsylvania.
Re-BlockT, a process that combines byproducts from the
cement industry with steel dust and sludge to form a block
product which can be reused in the steel-making process. After
conducting a successful on-site trial, the company has entered
into a 7-year agreement to implement the process at Wheeling-Pitt
Steel Company.
Biocontrol Technology has its corporate offices in
Pittsburgh, PA and is involved in the development and manufacture
of biomedical devices and environmental products. The company's
subsidiaries include Diasensor.com, Inc., IDT, Inc., and Petrol
Rem, Inc. Biocontrol subsidiary Petrol Rem, Inc. also impacts
the environment positively as it manufactures and internationally
markets unique products and support services designed to be easy,
one-step methods for cleaning up oil spills and returning sites
to their original state.
WEBSITE: www.bico.com
INVESTOR RELATIONS NEWSLINE NUMBER: 1.800.357.6204
BICO
BIOCONTROL TECHNOLOGY, INC
2275 Swallow Hill Road, Building 2500
Pittsburgh, PA 15220
Press Release
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
BIOCONTROL TECHNOLOGY CANCELS PLANS
TO INVEST IN PF ENVIRONMENTAL
Pittsburgh, PA - April 13, 2000 - Biocontrol Technology,
Inc. (OTCBB:BICO) announced today that it has decided to cancel
its plans to invest in PF Environmental Technologies, Inc. The
Company's due diligence and recently released information
regarding PF Environmental led to the decision by the Board of
Directors.
Biocontrol Technology has its corporate offices in
Pittsburgh, PA and is involved in the development and manufacture
of biomedical devices and environmental products. The company's
subsidiaries include Diasensor.com, Inc., IDT, Inc., and Petrol
Rem, Inc. Biocontrol subsidiary Petrol Rem, Inc. also impacts
the environment positively as it manufactures and internationally
markets unique products and support services designed to be easy,
one-step methods for cleaning up oil spills and returning sites
to their original state.
WEBSITE: www.bico.com
INVESTOR RELATIONS NEWSLINE NUMBER: 1.800.357.6204
