Buffalo, NY 10/18/2009 1:45:00 AM
News / Business

Gamma Pharmaceuticals (PKS: GMPM) Secures Funding

Gamma Pharmaceuticals Inc. (PINKSHEETS: GMPM) recently announced the Company has signed an Agreement for Purchase Order Financing and an Account Purchase (Factoring) facility. Combined, the financing package enables Gamma to amplify its manufacturing and retail resources in support of increased demand for the company's products and its substantial purchase order pipeline.

 

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Gamma already has in place marketing programs to support sales of the Company's own branded products nationwide. Joseph Cunningham, Gamma's CFO, commented, "We have found a great group to work with and have designed a financing solution that will compress our days outstanding and provide the financial resources to ramp-up our revenue profile." Last week, Gamma announced the signing of an Agreement-in-Principal (the "Agreement") with four-time World Heavyweight Champion, Evander Holyfield. The Agreement outlines a number of commercial opportunities including the development of the "Holyfield Theory" nutritional supplements and training programs as well as cross promotions and marketing support programs for Gamma's own branded products. At present Gamma manufactures in North America, and distributes in the United States and China. Gamma's products utilize proprietary "Gel Delivery Technology®," to create innovative gel product forms that give consumers a more pleasant experience. Gel Delivery Technology® characteristics include rapid absorption, convenience and taste great. Market categories Gamma targets are growing as rapidly as 60% per year. Gamma has developed formulas and strategies for Metabolic Syndrome and Diabetes Type II, Stress Reduction, Cognition, Well being, Menopause Symptoms, and Personal Care Products. Gamma also develops and manufactures house brands for major retailers. At this time, Gamma has a total of 36 SKU's and holds licenses for 9 SKUs in China.

 

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