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) August 2, 2001
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. today announced in response to the recent
drop in it's stock price that nothing material to the
Company's operations has occurred to cause such a
decline. In fact, BICO's consolidated revenues are
currently exceeding all historical results.
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: August 2, 2001
BICO REPORTS NO OPERATIONAL REASON FOR STOCK DROP
Pittsburgh, PA - August 2, 2001 - BICO, Inc. (OTCBB:BIKO) today
announced in response to the recent drop in it's stock price
that nothing material to the Company's operations has occurred
to cause such a decline. In fact, BICO's consolidated revenues
are currently exceeding all historical results.
Led by Petrol Rem, BICO's environmental clean-up
subsidiary, BICO anticipates that revenues will continue to
increase during the third quarter. Further, BICO recently
announced the acquisition of the exclusive worldwide marketing
rights to the InstantScreen Rapid HIV one-half test that shows 100%
specificity and sensitivity in preliminary reports from Walter
Reed Army Hospital evaluations. Biocontrol Technology, the
Indiana, PA-based division, recently received what it hopes
will be the first in a series of outside manufacturing
contracts which will utilize their facility to generate revenue
while clinical trials of the noninvasive glucose sensor
continue. Subsidiary ViaCirq is generating revenue and
continues to place its Thermo-Chem HT System at additional
major health care institutions pursuant to evaluation
agreements, which ViaCirq believes will result in sales of its
extracorporeal hyperthermia equipment and disposables.
BICO, Incorporated has its corporate offices in
Pittsburgh, PA and is involved in the development and
manufacture of biomedical devices and environmental solutions.
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
This press release contains statements of a forward-looking
nature. Shareholders and potential investors are cautioned
that such statements are predictions and actual events or
results may vary significantly.
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