PHARMACEUTICAL LABORATORIES TEAMS WITH
OTC FINANCIAL NETWORK FOR INVESTOR RELATIONS CAMAPAIGN
Corpus Christi, TX – March 4, 1999: Pharmaceutical Laboratories, Inc. (OTC BB: PHLB), a leader in nutriceuticals with advanced liquid nutritional products, today announced that it retained OTC Financial Network of Needham, Massachusetts for an aggressive financial communications and investor relations campaign.
Pharmaceutical Laboratories has been developing, producing, and marketing quality vitamin and nutritional products since 1986 for leading domestic and international retailers such as Walgreen Co. (NYSE: WAG), American Stores Co. (NYSE: ASC), and Albertson's, Inc. (NYSE: ABS). Unlike many firms in the nutritional supplement industry, PHLB rigorously tests each batch for potency, purity, and stability to ensure the accuracy of its label claims.
Using a proprietary delivery system, the Company enhances the effectiveness of its final products by ensuring that active ingredients are preserved in maximum amounts. PHLB has developed more than 100 competitively priced, easy to take liquid supplements which the body rapidly absorbs.
“Due to growing self-care trends and the difficulty many people experience in swallowing pills, both the nutritional supplement and liquid solution markets are expected to continue posting significant growth,” explained George Baucom, chief financial officer and director of investor relations at PHLB. “By combining value pricing with unsurpassed quality, we are capitalizing upon this explosive demand and further strengthening brand name recognition and customer loyalty.
“These factors enabled Pharmaceutical Laboratories to achieve profitability in fiscal 1998 with sales of $5 million,” Baucom continued. “We intend to further improve bottom line results during 1999 through proactive marketing techniques such as our direct distributor campaign, which we launched last month. Since we believe this established and profitable venture presents a very positive and undervalued situation for the investment community, we decided to partner with OTC Financial Network to commence an aggressive investor relations campaign and maximize shareholder value.”
OTC Financial Network, a division of National Financial Communications Corp., is a financial communications and investor relations firm specializing in the representation of small/micro-cap companies.
Pharmaceutical Laboratories, Inc. specializes in the development, manufacturing, and marketing of liquid vitamin and nutritional products in the U.S. and abroad. The Company's products are manufactured at its on-site production facilities under strict quality standards, with each batch tested for potency, purity, and stability to guarantee the accuracy of its label claims.
Forward-looking statements in this release are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition, new products and technological changes, the Company's dependence on third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
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