International Pharmacy Outlets, Inc. Announces Letter of Intent to Acquire Bionic Water Corporation

International Pharmacy Outlets, Inc. (OTC Symbol: IPCY) today announced that it has entered into a Letter Of Intent (“LOI”) to acquire Bionic Water Corporation.

Las Vegas, NV (PRWEB) March 17, 2006 -- International Pharmacy Outlets, Inc. (OTC Symbol: IPCY) today announced that it has entered into a Letter Of Intent (“LOI”) to acquire Bionic Water Corporation. Bionic Water is a privately held Arizona based company involved in the reprocessing and marketing of bottled water.

Bionic Water Corporation is a Nevada Corporation formed for the purpose of discovering, developing and marketing breakthrough water technologies that will enhance the health and wellness of consumers worldwide. The Bionic Water Corporations research has successfully established a water product that aligns positive and negative charges at the atomic level, yielding pure, great tasting water which allows for maximum assimilation, hydration and oxygenation of body cells.

IPCY is a pink sheet company whose stock is traded on the NASDAQ OTC under the symbol: IPCY-PK. Its focus is to identify developing businesses or product lines in which participation by IPCY would return increased value to IPCY’s shareholders. These candidates are expected to be predominately private companies. IPCY will then acquire or gain a controlling interest in these qualified companies and work with management to profitably grow the business. IPCY's growth plan includes building a portfolio of these interests.

Safe Harbor: This press release includes forward-looking Statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing as well as regulatory and shareholder approvals for anticipated actions.

For Additional Information:

Go to: www.bionicwater.com

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