Hello,
I'm a fairly new investor in ImmuDyne, and have recently received investor information from Peggy. It's a package of information, alot of it is the same as what is available on the Web Site.
What I would like to share with you are quotes from the cover letter dated March 4, 1997, it is a rather long letter and is signed by James D. Wood and L.Melvin Cooper. Prehaps some of this information is New(s):
"Two additional patent suits were settled to our advantage, again demonstrating the strength of our licensed cosmetic use patent. The court APPROVED the initial (Rule 11) shareholder litigation settlement and, on February 28, 1997, put the agreement into effect by ruling on a Motion for Summary Judgment. One of the parties has expressed their intention to appeal the Summary Judgment. Our legal expenses should still return to normal and the Company return to business operations. There has been progress and reason for optmism in each of the divisions."
"One TV infomercial is now being televised and another planned for SUMMER introduction, both of which feature products containing Nayad. Research & Development has UPDATED and IMPROVED formulations for presentation to new clients."
"Macroforce has recently been introduced in Japan."
"One private label market introduction is now being prepared by a nationally distributed nutritional product company."
"The companion animal product launch was postponed due to labeling approval delays in the Texas location. As of the date of this letter, our labeling approach has been APPROVED by federal authorities and we are waiting for a final response from regulatory authorities that will allow us to begin marketing animal feed products."
"New aquaculture and ornamental fish products have been developed. A new, more effective form of the shrimp feed additive PX-5000 has been developed and efficacy proven by university studies, and is being shipped to customers THIS YEAR. A large international supplier of ornamental fish products has shown a strong interest in several products and is evaluating them for marketking."
"The research and development division is concentrating on new product development and has expanded our product lines for cosmetic, nutritional and animal health applications."
"Organizationally, in preparation for the retirement of Mr. Wood in December 1997, Mr. L. Melvin Cooper, the Company's CFO, has been appionted President and Chief Operating Officer of ImmuDyne, Inc. Mr. James D. Wood has been appointed as Chairman and Chief Executive Officer. Mr. Wood and Mr. Cooper are working closely together to assure a smooth transition of management activities."
The letter ends by saying:
"ImmuDyne has persisted through difficult times in the last few years, and not only survived but grown. With new products and opportunities in cosmetics, human nutrition, animal health and aquaculture, ImmuDyne is in a position of greater potential than ever before. We are moving ahead with optimism and enthusiasm."
signed: James D. Wood and L. Melvin Cooper
I beleive that I've read every post in this thread and this letter does have some things contained in it that are recent news, and haven't been discussed.
Hope this helps, I'm sure anyone who would request a copy of the complete letter, would be sent one.
Bill |
