Axxess Pharma, Inc. Signs Letter of Intent (LOI) to Acquire Pharmaceutical Manufacturer and Add Over $2 Million in Annual Revenu
June 24 2010 - 6:30AM
Marketwired
Axxess Pharma, Inc. (PINKSHEETS: AXXE), a pharmaceutical company
specializing in the marketing and distribution of both prescription
and non-prescription medical products in a multi-billion dollar
industry, is pleased to announce they have signed a Letter of
Intent (LOI) to acquire a Canadian based pharmaceutical
manufacturer. The acquisition will add over $2 million in annual
revenues to Axxess Pharma, Inc.'s financials.
The Company's facility is roughly 22,000 square feet and
manufactures pharmaceuticals, neutroceuticals and dermotologicals.
Axxess Pharma will continue the distribution of its own line of
pharmaceuticals from its Markham location.
"This is an exciting time for our company. We anticipate
completing the acquisition of the pharmaceutical manufacturer in
the very near future. The acquisition will add over $2 million in
annual sales to our financials, provide us with a large
manufacturing facility and new product lines," stated Gerald
Sequeira, President/CEO. "This is one more sign that we are focused
on continuing to expand our operations across Canada and gain
market share. We will have lots of information for our shareholders
in the upcoming weeks. This information will define where we are
and what is new and happening with Axxess Pharma."
For more information, please contact Investor Relations at (973)
351-3868 or visit the company website directly:
http://www.axxesspharma.com.
About Axxess Pharma, Inc.:
Axxess Pharma, Inc. is a specialty pharmaceutical company that
focuses on the marketing of dermatological, therapeutic
nutritionals, pain management and diagnostic products in Canada and
abroad since 1997. Axxess owns 22 established pharmaceutical
prescription products that have proven sales in Canada and
internationally. The company has an experienced management team and
field sales force to market products nationally to hospitals and
retail pharmacies as well as specialized practice areas including
Dermatology and Nephrology, Neurology and Urology.
Safe Harbor
Statements about the Company's future expectations and all other
statements in this press release other than historical facts, are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities Exchange
Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The Company intends that such
forward-looking statements be subject to the safe harbors created
thereby.
The above information contains information relating to the
Company that is based on the beliefs of the Company and/or its
management, as well as assumptions made by any information
currently available to the Company or its management. When used in
this document, the words "anticipate," "estimate," "expect,"
"intend," "plans," "projects," and similar expressions, as they
relate to the Company or its management, are intended to identify
forward-looking statements. Such statements reflect the current
view of the Company regarding future events and are subject to
certain risks, uncertainties and assumptions, including the risks
and uncertainties noted. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
to be incorrect, actual results may vary materially from those
described herein as anticipated, believed, estimated, expected,
intended or projected. In each instance, forward-looking
information should be considered in light of the accompanying
meaningful cautionary statements herein. Factors that could cause
results to differ include, but are not limited to, successful
performance of internal plans, the impact of competitive services
and pricing and general economic risks and uncertainties.
Contact: Taylor Capitol, Inc. Investor Relations Stephen Taylor
973-351-3868 Email Contact
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