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Neozyme Bio-Organic Catalytic Formulation for Treatment of Fats, Oils and Greases (FOG) in Wastewater Systems is Gaining Market Acceptance.

August 8, 2002 - Aliso Viejo, California- Neozyme International, Inc. (Neozyme), a subsidiary of International Daleco Corporation (ILDO), announced on August 8, 2002 that the market acceptance is continuing to grow for its patented bio-organic catalytic formulation which rapidly breaks down organic contaminants. These contaminants are generally classified as fats, oils and greases (FOG). According to a recent Wall Street Journal article, annual maintenance costs in the United States alone are estimated to be up to twenty-five billion dollars ($25,000,000,000).

Over the course of a number of years, Neozyme has been successfully manufacturing and distributing a bio-organic catalytic product to a select number of top hotels. This product rapidly breaks down the fats, oils and greases (FOG) which are produced within these facilities, primarily in their food preparation areas. Due to the difficulty of successfully treating FOG’s with conventional products and equipment, Neozyme was able to demonstrate long-term satisfaction with its product formulation, resulting in continued sales and strong testimonials from key industry members.

Major accounts include:

  1. Marriott Hotels
  2. Courtyard by Marriott Hotels
  3. Four Seasons Hotels
  4. Starwood Hotels and Resorts
  5. Hilton Hotels
  6. Embassy Suites
  7. Residence Inns by Marriott
  8. Omni Hotel Group
  9. Ritz Carlton Hotels
  10. Prestigious Las Vegas Casinos

Due to the success Neozyme enjoys with its current client base, it is evaluating potential strategies for expanding sales and distribution of its FOG bio-organic catalytic formulation. These markets may include, among others, restaurants, fast food chains, hospitality, schools, institutions, corporate, military and municipal. Increased regulatory pressures have generated a strong interest for a product that is practical to implement, reasonably priced and, most importantly, superior in performance.

Neozyme manufactures and sells its patented line of bio-organic catalytic formulations for numerous markets including, but not limited to, municipal wastewater treatment, commercial/industrial, hydrocarbon remediation, industrial metal cleaning and agriculture. All Neozyme products are non-toxic, 100% biodegradable and can be safely used around humans, animals, marine life, vegetation and the environment. No special clothing or handling apparatus is required.

This News Release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based largely on the Company’s expectations of forecasts of future events, can be affected by inaccurate assumptions and are subject to various risks and known and unknown uncertainties, a number of which are beyond the Company’s control. Therefore, actual results could differ materially from the forward-looking statements herein.

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