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Gold/Mining/Energy : Nuvo Research Inc -- Ignore unavailable to you. Want to Upgrade?

To: Cal Gary who wrote (8268)	12/20/2001 10:24:15 AM
From: Cal Gary	Respond to of 14101

Got this off the Yahoo Provalis thread. At least we get some mention in England. A little dated, but FYI FWIW: messages.yahoo.com News by: jeffhydeuk (36/M/London) Long-Term Sentiment: Buy 12/15/01 01:13 pm Msg: 52 of 53 Rebecca E. Keeler President and C.E.O.Dimethaid Research Inc Has just released the statement below on 13/12/01. She states FDA has inspected their plant in Quebec and are awaiting an announcement. If Pennsaid gets FDA approval this could help Provalis with much needed free advertising and if a BIG PHARMA starts to sell it in the states.Provalis could tag along on the back of a very big sales force doing much of the world wide door to door selling to Doctors. If it sells big in the states Provalis has 10 year licence which could be sold at a big big price if the Big Pharma wants the UK market aswell STATEMENT: In our last President's Message, I commented on a number of milestones we had achieved, and on our expectations for the second half of fiscal 2002. Included in these comments was notification from the US Food and Drug Administration (FDA) of a scheduled inspection of our manufacturing facility in Varennes, Québec. The purpose of this inspection was to determine the acceptability of this facility to produce PENNSAID® for the US Market. In keeping with our commitment to update our shareholders on corporate developments, I am pleased to advise that this FDA inspection has now been completed. Congratulations are due to Ruth Huttman, our Director of Operations, the entire team at the Varennes plant, as well as our Regulatory Affairs Department, for their tremendous effort in enabling us to reach this milestone. This pre-approval inspection is another step towards regulatory approval, and allows us to continue moving forward in our efforts to bring PENNSAID® to market. As we have always noted, in accordance with policy, we are not in a position to comment on our status with any regulatory agency until the decision-making processes have been completed. In addition, as announced on December 5, 2001, we have extended to May, 2002, our private placement agreement with Acqua Wellington North American Equities Fund. To date, we have received net proceeds of approximately $9.7 million from Acqua, to support the scale up of our manufacturing facility in order to supply PENNSAID® to a number of markets and for the preparation of its North American and European launch. Prior to the upcoming holiday season, I will provide another brief update on the status of corporate developments in other areas. I now invite you to browse the rest of our website. Please note that there is a place where you can sign up for e-mail notification of future announcements and website updates. Sincerely, Rebecca E. Keeler President and C.E.O. Dimethaid Research Inc. December 2001