Scottsdale 6/14/2011 2:45:53 AM
PanGenex Corp. (PGCX) Provides Investor Update; Engages Phillips Sales & Marketing
QualityStocks would like to highlight PanGenex Corporation (PINKSHEETS: PGCX). The company pursues business opportunities in the $70 billion nutraceutical and dietary supplement industry. With a focus on the cardiovascular health segment, PanGenex develops and markets sector-leading, patented or patent-pending, condition-specific nutraceuticals and topical over-the-counter (OTC) drugs and personal care products.
In the company’s news Friday,
PanGenex told investors that it is ready to launch a comprehensive marketing plan that will include a viral internet strategy, as well as engaging firms that have proven reach to retail outlets. The company has invested millions of dollars in developing its products which target soft tissue calcification.
Today that news was followed up by an announcement that reported PanGenex has engaged Philips Sales & Marketing, Inc. (PSM) as its agent to sell its products through mail order catalogs, small chain stores including independent health food stores and pharmacies as well as three of the nation’s largest drug store chains. PSM has also committed to providing marketing and advertising services for the company.
“We are excited to work with PSM because of their extensive experience in marketing and distributing nutraceutical products to the nation’s largest pharmacy retailers,” commented John Stanton, Chairman of PanGenex.
Brett Phillips, President of Phillips Sales & Marketing stated, “We are very impressed with PanGenex’s line of quality products and the professional staff they have assembled to supply our pipe line with cutting edge health products that should offer nutritional and health benefits to potentially millions of people not just in the U.S. but abroad as well.”
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Forward-Looking Statement:
This release may contain 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.