Advance Bio/chem Inc.

Advance Bio/chem Inc. was acquired by Industrial Enterprises of America, Inc. in a reverse merger transaction on 10/07/2004. Advanced Bio/Chem, Inc., doing business as ProtEx and operating as a biotechnology company, applies proprietary protein discovery technologies to find solutions for specific critical problems within the clinical environment. The company engages in the research and development technologies based on protein analysis allowing for the identification of novel biomarkers applicable to diagnostic testing and drug targets. It has a strategic alliance with Bio-Rad Laboratories, a manufacturer of front-end proteomic systems of testing equipment and supplies, for which Advance Bio serves as demonstration and beta test site for ProteomeWorks 2D gel protein separation, image analysis and comparisons, and robotic protein spot excision systems. In addition, the company has a collaborative research and development programs, partnerships, and customers. It was founded in 2000 and has principal executive offices in Woodlands, Texas.