PharmaPrint Signs Internet Pact
HealthZone.com to Carry New Combination Vitamin/Herb Product
Line
IRVINE, Calif.--(BUSINESS WIRE)--Aug. 26, 1999--PharmaPrint Inc. (Nasdaq:PPRT - news), a leader in the
development of dietary supplements, functional foods and pharmaceuticals from natural plant extracts, announced today that
HealthZone.com, an ''AOL Certified'' provider of healthcare products, vitamins and supplements, has agreed to distribute the
Company's new line of combination vitamin/herbal products.
The product line, which includes vitamin/herbal formulations of Echinacea, Garlic, Ginkgo Biloba, Ginseng, Saw Palmetto and
St. John's Wort, will be marketed under the PharmaPrint label. HealthZone.com will also carry consumer information on the
Company's proprietary PharmaPrint(TM) Process technology, as well as provide a direct link to PharmaPrint's nearly
completed new web site.
''The arrangement with HealthZone.com represents a significant first step in our e-commerce strategy,'' said Elliot Friedman,
PharmaPrint's Chief Executive Officer. ''Because of the potential margins involved and the opportunity to generate increased
brand awareness in a highly efficient and cost-effective manner, we plan to add additional e-commerce distributors over the
next few months,'' Friedman commented.
David Mandel, President of HealthZone.com, stated, ''As an AOL Certified e-commerce provider, we are very selective when
it comes to adding products to our approved list. We have been very impressed with the pharmaceutical manufacturing quality
of PharmaPrint's products and believe that their new combination vitamin/herbal line will prove to be very popular with our
growing customer base.''
PharmaPrint develops, manufactures and markets dietary supplements, functional foods and pharmaceuticals derived from
natural plant extracts. The Company is the exclusive manufacturer for American Home Products line of Centrum® Herbals.
The Company's proprietary PharmaPrint(TM) Process technology enables the precise identification and consistent replication
of the active ingredients from these extracts that are scientifically believed to provide the desired health benefits.
HealthZone.com (www.healthzone.com) is the premier health and vitamin store on the Internet and can be found in the
shopping departments of America Online, CompuServe, MSN and at www.healthzone.com. With secure credit card
purchasing and over 16,000 health and vitamin products, HealthZone.com seeks to be the world's best online health source.
''Safe Harbor'' Statement under the Private Securities Litigation Reform Act of 1995:
The Company notes that any forward-looking statements in this news release are subject to change based upon factors
including, but not limited to, changes in the Company's relationship with American Home Products Corporation, the cost and
availability of botanical extracts, the cost and availability of manufacturing service contracts, the ability to obtain and enforce
patents, limited manufacturing experience, dependence on third parties, uncertainties related to the PharmaPrint(TM) Process,
government regulation and uncertainty of product approvals, ability to commercialize and market products, results of research
and development and clinical and toxicology studies, technological advances by third parties, competition, future capital needs
of the Company and general economic and business conditions. Additional information on potential factors that could affect the
Company's financial results are included in the Company's Registration Statement on Form S-8 dated February 12, 1999, and
on Form 10-Q for the periods ended June 30, 1999, and on Form 10-K for the year ended March 31, 1999.
For more information, contact the Company's Website at www.pharmaprint.com.
Contact:
PharmaPrint Inc.
James R. Burgess/James R. Wodach, 949/794-7778
or
Sitrick & Company
Jeff Lloyd/Tom Ekman, 310/788-2850 |
