Human Pheromone Sciences Announces License Agreement
August 21 2006 - 8:00AM
PR Newswire (US)
SAN JOSE, Calif., Aug. 21 /PRNewswire-FirstCall/ -- Human Pheromone
Sciences, Inc. (OTC:EROX) (BULLETIN BOARD: EROX) ("HPS" or "the
Company") today announced the signing of a License Agreement with
Personal Products Company, a division of McNeil-PPC., Inc. ("PPC")
a Johnson & Johnson company. Under the terms of the Agreement,
HPS granted PPC a license to certain HPS patents in exchange for an
initial cash payment and future royalties on sales. The Company
retains exclusive rights in several product fields and shares
co-exclusive rights in other product areas, with the right to
sublicense. "We are looking forward to working with PPC as they
look to expand the use of the Company's patented technology," a
spokesperson for HPS indicated. The Company confirmed that it
continues to test additional types of mood-enhancing compounds that
have shown significant promise in human testing, and will seek
partners to bring these new compounds to market. Human Pheromone
Sciences, Inc. is a technology-based company, whose proof of
concept products included prestige-priced fragrances and toiletries
and environmental products sold under the Natural Attraction(R),
REALM(R), innerREALM(R) and EROX(R) trademarks. These products
contain mood-enhancing compounds, whose efficacy has been validated
at leading universities around the world, and whose use is covered
under United States and foreign patents. The Company is also
involved in research and product development efforts on new
compounds that have been previously identified as stimulating the
emotional centers of the human brain. Further information is
available online at http://www.erox.com/ . The statements in this
news release may contain forward-looking statements that involve
risks and uncertainties that could cause results to differ from
predicted results. Further information on factors that could affect
the Company's results is detailed in the Company's annual report to
shareholders on Form 10-KSB for the year ended December 31, 2005,
and Form 10-QSB for the quarter ended June 30, 2006, as filed with
the Securities and Exchange Commission. Further information
regarding this transaction can be found on Form 8-K filed with the
Securities and Exchange Commission in connection with this
transaction. The Company undertakes no obligation to publicly
release the result of any revisions to these forward-looking
statements. DATASOURCE: Human Pheromone Sciences, Inc. CONTACT:
William P. Horgan, Chairman, CEO of Human Pheromone Sciences, Inc.,
+1-408-938-3030 Web site: http://www.erox.com/
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