Biologix Hair Inc. Retains Akerman Senterfitt; Company to Pursue NYSE Market Listing
April 15 2013 - 10:24AM
Marketwired
Biologix Hair Inc. (OTCBB:BLGX) (OTCQB:BLGX) announces the Company
has retained the legal services of Akerman Senterfitt, to advise
the Company as it moves towards making application to obtain a NYSE
Market listing for its securities.
Akerman Senterfitt (http://www.akerman.com), a leading US-based
law firm with more than 550 lawyers and extensive securities
industry experience, has provided Biologix with a detailed action
plan outlining various administrative procedures and executive
management changes necessary to implement prior to the submission
of an application.
Ron Holland, Biologix Director and CEO, stated, "The potential
for our patent-pending Biologix Revive hair formula - the essence
of the Biologix Hair Therapy System(TM) - is truly global. We
believe that by obtaining a listing on the NYSE Market exchange we
will be in a better position to attract a broader population of
potential investors and enhance our institutional financing
capabilities.
"NYSE Markets was selected by us for listing the common equity
shares of Biologix Hair Inc. after significant review of other
competitive and internationally recognized listing options. We are
working diligently towards successfully achieving a listing before
the end of September 2013 and believe this to be a realistic
timeline."
The NYSE has established quantitative and qualitative standards
for prospective issuers.
Biologix and its advisors are focused on Standard 3, as listed
in the Quantitative Standards table found on the NYSE website
(https://usequities.nyx.com/listings/list-with-nyse/nyse-mkt-listing-standards).
In order to meet certain qualitative requirements pursuant to
filing a NYSE Market listing application, Biologix intends, amongst
other things, to:
-- expand its Board of Directors to include at least four independent
members
-- establish an audit committee, an audit charter and institute procedural
policies
-- establish a compensation committee, a compensation charter and institute
procedural policies
-- establish a nominating committee, a nominating charter and institute
procedural policies
-- establish and make publicly available a Code of Ethics
-- establish quorum requirements for shareholder meetings
Biologix intends to keep its shareholders notified as the
Company works toward obtaining a NYSE Market listing.
About Biologix Hair Inc. and Biologix Hair Science Ltd.
Biologix Hair Inc. (Biologix Hair), together with its wholly
owned biotechnology subsidiary, Biologix Hair Science Ltd. (TM)
(BHS), is focused on realizing the full market potential for its
patent-pending hair loss prevention and regeneration treatment -
the Biologix Hair Therapy System(TM) - and its demonstrated ability
to prevent and reverse the effects of alopecia, which plagues
hundreds of millions worldwide.
Between mid-2004 and mid-2012, more than 30,000
pre-clinical-trial treatments of Biologix Revive - the essence of
the Biologix Hair Therapy System(TM) - were administered to
5,000-plus patients in South America suffering with varying degrees
of alopecia, as well as people seeking preventive treatment. The
participating treatment clinicians subjectively observed and
reported that virtually 100% of preventive care clients continued
to retain their healthy hair and an estimated 80-85% of the males
and 90-plus% of the females treated for hair regeneration
experienced significant regrowth of their own natural hair. And
among alopecia areata patients, virtually total hair regrowth was
observed in 100% of the cases. To date, no negative side effects
have been reported.
BHS is currently focused on obtaining FDA approval for its
breakthrough hair loss prevention and regeneration therapy and has
initiated a research and development program with one of the
world's leading medical research universities, the Beijing
Institute of Technology (BIT). The R&D program, expected to
take approximately twelve months to complete, is an important final
step before formal clinical trials and the FDA approval process
begins.
Additionally, on May 11, 2012, Venable LLP, the Washington-based
law firm overseeing the worldwide IP and regulatory approval
processes on behalf of BHS, filed a Patent Cooperation Treaty (PCT)
application on behalf of BHS for Biologix Revive in Geneva,
Switzerland. The PCT is an international treaty, administered by
the World Intellectual Property Organization (WIPO), to which 144
countries have as of now contracted, including Canada and the
United States.
Biologix management is determined to be in a ready position to
capitalize on the high-margin sales potential of the Biologix Hair
Therapy System(TM), if and when FDA and other major market
approvals are forthcoming.
As BHS advances the regulatory approval process, Biologix Hair,
together with wholly owned subsidiary companies operated by BHS,
are rapidly developing a global distribution network of licensed
clinicians and medical practitioners seeking to become Certified
Biologix Hair Therapists(TM) and secure exclusive territorial
purchasing and treatment rights for the Biologix Hair Therapy
System(TM).
Biologix Hair has decided not to risk creating any potential
regulatory conflicts by offering treatment outside the United
States and other major high-product-margin markets until FDA
approval has been granted. Therefore, the Biologix Hair Therapy
System(TM) is not yet available other than to the 5,000+ patients
who participated in the pre-clinical-trials conducted in South
America.
To learn more about Clinician Licensing opportunities, Click
Here or call toll free +1 855.737.0333 or +1 647.344.5900.
Disclaimer
This announcement is not an offer to sell any Biologix Hair Inc.
("Biologix") securities. Offers for any given security are made
only through applicable offering circulars and related documents
filed with the SEC pursuant to the Securities Act of 1933 or the
Securities Exchange Act of 1934. Certain statements contained
herein and subsequent oral statements made by and on behalf of
Biologix may contain "forward-looking statements". Such
forward-looking statements are identified by words such as
"intends," "anticipates," "believes," "expects" and "hopes" and
includes, without limitation, the development of treatment centers
and approval from regulatory authorities as well as the ability for
Biologix to obtain adequate financing to meet its business
objectives. Forward-looking statements express our expectations or
predictions of future events or results. They are not guarantees
and are subject to many risks and uncertainties. There are a number
of factors beyond our control that could cause actual events or
results to be significantly different from those described in the
forward-looking statements. Any or all of our forward-looking
statements in this report or in any other public statements we make
may turn out to be wrong. We undertake no obligation to publicly
update or review any forward-looking statements, whether as a
result of new information, future developments or otherwise. In
Canada, Europe and the United States, the Biologix treatment is not
approved for use by Health Canada, EMA or the FDA. The company
makes no representations that it will receive Health Canada, EMA or
FDA approvals.
Contacts: Biologix Hair Inc. Corporate Communications +1
647.494.8001 or Toll Free: +1
855.292.8585CorporateCommunications@BiologixHair.com
www.BiologixHair.com
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