2UOnline Signs Agreement with Biozone Laboratories, Inc.Business Editors SEATTLE--(BUSINESS WIRE)--April 22, 2003 2UOnline.com, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TOUO) announced today it has signed a memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. to acquire Biozone Laboratories, Inc., of Pittsburg, California For other places with the same name, see Pittsburg. Pittsburg is a city located in north central Contra Costa County, California, the outer portion of the East Bay / San Francisco Bay Area. , an integrated specialty pharmaceutical company focused on innovative methods of drug delivery. For the past 13 years, BioZone has produced and manufactured technologically advanced brand name and generic pharmaceutical products using its proprietary technologies. Over the next year, 2UOnline has committed to finance the growth of Biozone's current business and to create a new subsidiary that will capitalize on its existing proprietary drugs and drug delivery technologies in the prescription drug prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug, marketplace. Daniel Fisher, President of Biozone Laboratories, Inc. is looking forward to this expansion into the prescription marketplace as it presents an exciting opportunity for accelerated growth. On behalf of the Board of Directors /s/ Robert Klein -- -------------------- Robert Klein, President Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in 2UOnline.com's filings with the Securities & Exchange Commission. |
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