VANCOUVER, Oct. 12 /PRNewswire-FirstCall/ - Biotech Holdings (the"Company", OTCBB: BIOHF) reports that in connection with a review by the TSXVenture Exchange (the "Exchange") concerning compliance with the Exchangepolicy and requirements, which resulted in the Company's halt status onSeptember 4, 2007, the Board of Directors of the Company has decided that itis in the best interest of the Company to apply to the Exchange to delist itsshares on a voluntary basis from the Exchange. As such, the Company hasapplied to the Exchange to delist its shares on a voluntary basis from theExchange in Canada while continuing trading of the Company's shares on theOver the Counter Bulletin Board in the United States. The Company continues toreport to and be accountable to the British Columbia Securities Commission,the Alberta Securities Commission and the U.S. Securities Exchange Commission.
This release has been approved by the Board of Directors of BiotechHoldings.
Robert B. Rieveley, Pres.
On behalf of the Board of Directors
Any statements made in this release that are not based on historical factare forward-looking statements. Any forward-looking statements made in thisrelease represent management's best judgement as to what may occur in thefuture. However, actual outcome and results are not guaranteed and are subjectto certain risks, uncertainties and assumptions and may differ materially fromwhat is expressed.
CONTACT: Austin Rand at Biotech Holdings, 1-888-216-1111 (toll-free) 8a.m. to 4 p.m. Pacific time; For background information on Biotech Holdings,or to receive news updates, see www.biotechltd.com; The Company can be reachedby calling (604) 295-1119
SOURCE Biotech Holdings Ltd.