First Biotech Landed for Florida's Abacoa Site

Dyadics Corporate HQ Move Brings Biotech R&D lab to Abacoa Jupiter, Florida

Jupiter, FL (PRWEB) April 29, 2005 -- Rendina Companies® announced today that Dyadic International, Inc., a leading biotechnology company, plans to relocate its corporate headquarters and its biotechnology research and development laboratory to Abacoa in Jupiter, Florida. The President of The Scripps Research Institute, Dr. Richard A. Lerner, serves as Chairman of Dyadics Scientific Advisory Board.

Abacoa was specifically developed for companies like Dyadic due to the convenient location, proximity to Florida Atlantic University and many other unique factors," said Bruce Rendina, Chairman and CEO of Rendina Companies, the nations leading healthcare real estate development firm which designed and developed Abacoa. Given its state of the art business facilities, Abacoa is the ideal place for biotechnology companies to relocate, consolidate, or start up operations," added Mr. Rendina.

After a careful evaluation of a wide variety of locations, including those outside of the State of Florida, biotech companies are increasingly looking to Abacoa as the ideal site for research facilities due to its close proximity to the operational, temporary Scripps R&D facility, proximity to Palm Beach International Airport, as well as the great quality of life features offered by Abacoa to employees and their families. We believe that these factors, combined together, will serve as a catalyst for attracting many other biotechnology companies to Abacoa."

Dyadic is very excited to take this next step in the companys development," said Mark Emalfarb, Dyadics Chief Executive Officer. Founded in 1979, Dyadic International, Inc. (OTC BB: DYAD), is a leading biotechnology company with headquarters in Jupiter, Florida.

"The efforts of Governor Bush, the State of Florida and Palm Beach County to leverage The Scripps Research Institute as a catalyst for attracting capital and expertise to Florida's emerging biotech cluster played an important part in Dyadic's decision, added Mr.
Emalfarb.

To accommodate the company's rapid growth, we are building a new state of the art 40,000 sq. ft. facility in the Abacoa development in Jupiter to house our corporate and R&D staff. The new Dyadic headquarters will be located in close proximity to the temporary Scripps R&D facility at Florida Atlantic University, also located in Abacoa. We anticipate that in the short to medium term, a part of our new facility not utilized by Dyadic will serve as incubator space to house some of the various development-stage biotechnology companies resulting from the Florida biotechnology initiative."

About Dyadic: Dyadic International, Inc. is engaged in the development, manufacture and sale of biological products (proteins, enzymes, peptides and other bio-molecules), as well as the licensing of its enabling proprietary technology to business collaborators for the discovery, development and manufacture of biological products from genes.

Dyadic markets its products and services for applications in the textile, chemical, agricultural, pulp & paper, pharmaceutical, biotechnology and other industries, using its proprietary C1 Host Technology and C1 Expression and Screening Systems for the discovery, development and production of biological products.

About Abacoa: Located on the southern edge of the Town of Jupiter, Florida, Abacoa is a 2,055-acre master planned community designed around the concepts and principles of Traditional Neighborhood Development.

Within Abacoas master plan are more than a dozen neighborhoods, two college campuses, two public schools, a spring training stadium, a public golf course, a Main Street-style Town Center, a shopping plaza and a Workplace District. Interspersed throughout the community are the greenways, tracts of multi-functional open spaces that serve both conservation purposes and as edge areas defining the neighborhoods.

The Abacoa Research and Business Center is located within the thriving Abacoa community, designed to be a place where people can live, work and play. The variety of neighborhoods at Abacoa offer people of all ages and incomes levels a diverse and enriching life style. Conveniently located in Northern Palm Beach County with immediate access to I-95 and the Florida Turnpike, the Research and Business Center is electronically connected" to the Internet and Intranet via state-of-the-art technology.

Of the approximately 3 million square feet of commercial property within Abacoa, 1.75 million are in the Research and Business Center. Approximately 1.4 million square feet are devoted to Research & Development; the rest is for medical office and other professional office use.

About Rendina Companies: Rendina Companies is one of the nation's leading full-service medical real estate development companies, with national headquarters in Palm Beach Gardens, Florida and western regional offices in
La Jolla, California.

The Company has attracted the industry's top professionals to its development team. Through its team approach, Rendina Companies has developed a national reputation for offering innovative development programs producing cost-effective, high-quality medical facilities strategically planned and located to better serve their communities.

For further information, contact: Rendina Companies, Bruce Rendina, CEO 3801 PGA Blvd., Suite 600, Palm Beach Gardens, FL 33410 Phone: (561) 630-5055 Fax: (561) 630-4055 http://www.rendinaco.com

To schedule an interview contact: Leslie McKerns,McKerns Development, Boca Raton, FL. Ms. Mckerns is the Rendina Company Publicist. Phone: (561) 305-4264 mckerns@bellsouth.net

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