May 04, 2007 (M2 PRESSWIRE via COMTEX News Network) --
Pharm Control Ltd. (NASDAQ OTHER OTC: PMCL) is pleased to announce that after discussions with European investment bankers, the Company has decided to form a new corporation called Natural Medicines AG, which will serve as the Company's marketing and distribution arm of in Europe.
The Company intends to spin off by way of stock dividend ownership of this new entity to its shareholders. This will be done after the Company makes the necessary arrangements to list this company on a European stock exchange in the coming months.
Further information including dividend dates will be forthcoming.
About Pharm Control Ltd.
Pharm Control Ltd. is a leading medicine Research and Development company that is devoted to developing medicines that allow patients to live longer, healthier, and more productive lives. The Company's founders have invested over 10 years of research discovering and developing new and effective non-synthetic medicines to fight disorders and sickness in the modern world.
Safe Harbor Statement
The preceding includes forward-looking statements, which involve known and unknown risks, and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. Any forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com. (C)1994-2007 M2 COMMUNICATIONS LTD
Print story Current Quote OTO: PMCL Last: 0.014 Change: N/A Volume: 1,271,800 Day High: 0.014 Day Low: 0.013
First Alert News Get real-time PMCL release alerts by entering your email address below.
Posts: 749 | Registered: Aug 2005
| IP: Logged |