To: mike mulhearn who wrote (12705 ) 3/2/1999 11:57:00 AM From: Joe Copia Read Replies (1) | Respond to of 25711
ZKEM news: Tuesday March 2, 11:00 am Eastern Time Company Press Release Xechem Chosen for Inclusion On the SBX Nanocap System New Internet-based order matching system lets investors see open order book, access SEC filings for Xechem and other Nanocap securities NEW BRUNSWICK, N.J.--(BUSINESS WIRE)--March 2, 1999-- Xechem International, Inc. (OTC BB: ZKEM) has been chosen as one of 3,400 SEC-reporting companies to be included on the SBX Nanocap System, the new and innovative Internet-based order matching system (http://www.nanocaps.com), where investors can see at no charge the open order book and matched trade history and can place orders for Nanocap securities with features formerly available only to professional traders. ''We are excited about the opportunity our existing and prospective shareholders have now that we are part of the Nanocap community. With millions of individuals having access to Xechem's stock price and order book, we expect that our stock will be more liquid and stable and that investors will find a narrower spread and a better price,'' said Dr. Ramesh C. Pandey, Xechem's President and CEO. ''Price stability and finer spreads provide management with enhanced opportunities to consider expansion, acquisition, and lending. Xechem and it's shareholders also benefit by association from the SBX Nanocap System's 'cream of the crop' reputation.'' Xechem's symbol on the Nanocap System is N2695. Individuals can view the open order book and place orders with their NASD member broker-dealer. ''Investors now only need concern themselves with making the right trading decision within the context of the Nanocap order book as they see it,'' said Larry Shiller, Founder of SBX Inc., the owner and operator of the SBX Nanocap System. XECHEM was founded in 1994. It is a pharmaceutical company that focuses on three complementary disciplines: pharmaceutical research, technology development and manufacture; nutraceutical research, development, and production of high-quality nutraceuticals; and contract laboratory research, analytical and microbiological services. Xechem relies on Chinese and Indian Traditional Medicinal Plants to fuel its research into new proprietary drug technologies. The Company recently announced its new nutraceutical web site at xetapharm.com . For further information, contact Ramesh C. Pandey at (732) 247-3300. SBX Nanocap System is a service mark of SBX Inc. This news release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by safe harbors created hereby. Such forward-looking statements involve known and unknown risks, uncertainties, including the ability of the Companies to successfully develop and commercialize their technologies, and other factors that may cause the actual results, performance or achievements of the Companies to be materially different from any future results, performance or achievements of the Companies expressed or implied by such forward-looking statements. Contact: Xechem International, Inc., New Brunswick Ramesh C. Pandey (732) 247-3300