<PAGE> 1
EXHIBIT 99.1
INTEGRATED ORTHOPAEDICS, INC. DECLARES DIVIDEND OF WARRANTS
HOUSTON--(BUSINESS WIRE)--Nov. 21, 2000-- Integrated Orthopaedics, Inc.
(AMEX:IOI) today announced that its Board of Directors declared a dividend to
the holders of its common stock, of warrants to purchase additional shares of
IOI common stock.
Under the terms of the dividend, each holder of IOI's common stock will receive
a warrant to purchase 0.50 of a share of IOI common stock for each share of
common stock that the shareholder owns on the record date. These warrants will
be exercisable for a price to be determined upon IOI's planned merger with
PowerBrief, Inc. or upon the termination of the merger agreement with regard to
such merger.
The record date for the dividend is December 1, 2000 and the payment date will
be December 19, 2000.
For more information, please contact:
Jose E. Kauachi
713/225-5464
- or -
Scott J. Hancock
650/234-0514
Integrated Orthopaedics Inc., Houston
This announcement contains forward-looking statements about Integrated
Orthopaedics, Inc. that involve risks and uncertainties. These forward-looking
statements are developed by combining currently available information with IOI's
beliefs and assumptions. These statements often contain words like will,
believe, expect, anticipate, intend, contemplate, seek, plan, estimate or
similar expressions. Forward-looking statements do not guarantee future
performance. These statements are made under the protection afforded them by
Section 21E of the Securities Exchange Act of 1934. Because IOI cannot predict
all of the risks and uncertainties that may affect it, or control the ones it
does predict, IOI's actual results may be materially different from the results
expressed in its forward-looking statements. For a more complete discussion of
the risks, uncertainties and assumptions that may affect IOI, see IOI's 1999
Annual Report on Form 10-KSB40 and registration statement and proxy statement to
be filed in connection with the merger with PowerBrief. Such documents can be
obtained through the website maintained by the Securities and Exchange
Commission at www.sec.gov <http://www.sec.gov/>.
S-1
