Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : pharmaceutical labs (phlb) -- Ignore unavailable to you. Want to Upgrade?

To: Gator who wrote (21)	10/7/1998 3:17:00 PM
From: chaddo1	Read Replies (1) \| Respond to of 227

$1.5 Million Dollar Initial Order Received by Pharmaceutical Laboratories Inc. From SourceCorp Holdings Inc. for Liquid Vitamin, Herbal and Aloe Vera Products CORPUS CHRISTI, Texas--(BUSINESS WIRE)--Oct. 7, 1998-- Pharmaceutical Laboratories Inc. (''PHLB'') (OTC BB:PHLB) announced that SourceCorp Holdings Inc. has placed a $1.5 million order for PHLB's liquid vitamin, herbal, and aloe vera products. Product shipment will begin immediately for domestic and international distribution. The costs incurred to manufacture these finished products were expensed last year, which means the dollars from this order will go directly to PHLB's bottom line profits. President and CEO, Jerry McClure stated, ''PHLB and SourceCorp Holdings have entered into a strategic alliance. The alliance will strengthen PHLB in the areas of account acquisitions, marketing, advertising, and distribution through the additional services SourceCorp Holdings offers.'' McClure went on to say that ''this $1.5 million dollar initial order establishes a new multinational customer and proliferates the distribution of PHLB's products on a global basis. This alliance could result in several million dollars of increased sales for 1999. The nutritional products industry is currently $9.8 billion and growing. Pharmaceutical Laboratories Inc. is committed to increasing its market share by remaining the leader in liquid nutritional technology.'' SourceCorp Holdings Inc., based in Oakbrook Terrace, Illinois, is a multinational company. The company distributes a wide array of consumer products to retail customers worldwide. Pharmaceutical Laboratories Inc., with offices in Arlington, Corpus Christi and Harlingen, Texas, specializes in the development, manufacturing and marketing of liquid nutritional products. All products are manufactured on-site in the Company's state-of-the-art facilities. Pharmaceutical Laboratories Inc. is listed on the OTC Bulletin Board under the symbol PHLB. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1955; Statements in this news release looking forward in time involve risks and uncertainties, and actual results may be materially different. Factors that could cause actual results to differ include activity levels in the securities markets and other risk factors such as customer order rates, cancellations, late delivery of customer components, production delays, dependence upon certain customers, dependencies upon key executives, viability of quarterly results, single operating facility, competition, product liability risk, control by management, foreign currency fluctuation and other risks detailed in the Company's applicable SEC filings. -------------------------------------------------------------------------------- Contact: Pharmaceutical Laboratories Inc., Corpus Christi George Baucom, 800/856-7040 george@phlb.com -------------------------------------------------------------------------------- HERE WE GO. WE ARE ON A ROLL!!!!!!!!