SAN DIEGO, Calif, Feb. 23, 2000 (PRIMEZONE) -- Charles Kallmann, President & CEO of Hydrogiene Corporation (OTCBB:HICS) reported at a special meeting of the Company's Board of Directors the following new Directors were added, Norman Arikawa and John Aguero. Thus, bringing the Board to five members of whom four are outside directors. The Company intends to add two additional directors to flesh out the Board to its authorized limit of seven. Messrs. Arikawa and Aguero bring impressive credentials to the Company, being in finance, marketing and sales arenas. Mr. Arikawa presently responsible for managing several billions of dollars in revenues for the Port of Los Angeles and Mr. Aguero as President of a multi-millions of a national and international sales generating brokerage and distribution company.
The Board also approved formation of two wholly owned subsidiaries of the Hydrogiene Corporation established for the following purposes. The Medigard Corporation established to market, sell and license the Company's new "Medigard Anti-bacterial System". Medigard now in final stages of formulation and testing will bring to the world a radically new methodology directly related to not only killing specific bacteria, but keeping them killed for extended periods of time by chemically grafting utilizing a patented process applying killing agents to various substrates such as polymers, wood surfaces, paint, glass, silver and gold, tableware, utensils, bandages and so forth.
Kallmann reports Hydrogiene will release specifics detailing Medigard and its various products, components, applications, kill time lengths related to various substrates, etc., etal. during the month of March.
The second new wholly owned corporation being the Hydrogiene Services Corporation to be based in Las Vegas with Medigard. Services Corporation will be the national installation arm of Hydrogiene installing Theraclenze and Mediclenze in hotel, leisure and medical facilities.
Further, the Board selected the 22nd of May 2000 to hold Hydrogiene's annual shareholder's meeting. This to be held at the Monte Carlo Hotel. The Company's 10 q Report having been filed prior to the meeting.
Kallmann further stated, Hydrogiene will file its Form 8 k with the SEC this Friday. Immediately upon filing the 8 k Form, the Company will finalize and submit an SB-2 registration to the SEC.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this news release are forward looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Reform Act of 1995. Forward-Looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ from forecasted results.