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Herborium Group, Inc. Completes Stock
Distribution
Thursday December 21, 8:42 am ET
TEANECK, N.J.--(BUSINESS
WIRE)--Herborium Group, Inc. (OTCBB: HBRM - News), a botanical therapeutics® company
that develops, licenses and markets novel botanical-based health care products
and related digital support content, announced today that on December 14, 2006,
it completed the distribution of shares of its common stock to the stockholders
of Pacific Magtron International and Advanced Communications Technologies in connection
with the September 18, 2006 merger of former Herborium, Inc. and Pacific Magtron
International.
As the health care marketplace becomes more personalized with its focus on preventive medicine, it is also becoming more diversified. The sector, represented by non-traditional, natural ingredient-based health care products,
is gaining both market share and professional recognition and should exceed $50
billion in the U.S. by 2007. Herborium is uniquely qualified to capitalize on
this high growth opportunity. The company occupies the market space between ethical
pharmaceuticals and classic nutraceuticals, and has built its strategy around
product differentiation and intellectual property protection, distinguishing itself
from the marketers of traditional nutraceuticals, as well as those focused on
ethical pharmaceuticals and "over-the-counter" drugs.
Dr. Agnes P. Olszewski,
president and CEO of Herborium, said, "To meet the needs of the new growing market,
Herborium has introduced its own line of botanical therapeutics® defined as "bridge
products", an emerging category of plant-based medicinal products validated through
clinical studies. Our goal is to leverage our expertise in Western and Traditional
Chinese Medicine, and our novel regulatory and marketing strategies to capitalize
on emerging market opportunities in the health care sector and to provide value
to our stockholders."
Herborium's therapeutic candidates are based on
botanical medicines that have proven effective and safe in clinical use in China.
By selecting products whose efficacy and safety have been established, Herborium
is able first to introduce these products to the market as premium supplements
(under the DSHEA 94), and while already generating revenue, conduct confirmatory
clinical testing in the U.S. in accordance with new FDA Guidance for Industry
Botanical Drug Products Clinical Testing.
Herborium has attained annual
revenue of $760,000-$860,000 in the last two fiscal years from sales of AcnEase®,
a product for improving conditions typically associated with Acne and Rosacea
(www.acnease.com). AcnEase represents Herborium's initial product launch. In addition
to dermatology, the company's priorities focus on Benign Prostate Hyperplasia
(BPH), liver health, men and women's sexual health, and selected quality of life
concerns including arthritis and stress management.
This release and
oral statements made from time to time by the Company's representatives concerning
the same subject matter may contain "forward looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. These statements can
be identified by introductory words such as "expects," "plans," "intends," "believes,"
"will," "estimates," "forecasts," or words of similar meaning, and by the fact
that they do not relate strictly to historical or current facts. Many factors
may cause actual results to differ from forward-looking statements, including
inaccurate assumptions and a broad variety of risks and uncertainties, some of
which are known and others of which are not. Known risks and uncertainties include
those identified from time to time in the reports filed by the Company with the
SEC, which should be considered together with any forward-looking statement. No
forward-looking statement is a guarantee of future results or events, and one
should avoid placing undue reliance on such statements
For more information
contact:
Herborium Group, Inc.
3 Oak Street
Teaneck, New Jersey, 07666, USA
Phone: 201 836 2424
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