CAPNET.com Electronic Drugstore Announces the Signing of Exclusive Nutriceutical Product Distribution Agreement With BioSynergy Nutriceuticals Inc.LOS ANGELES--(BUSINESS WIRE)--Nov. 26, 1999-- Anthony C. Dike, Chairman & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Meridian Holdings Inc. (http://www.meho.net) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MEHO), announced today that CAPNET CAPNET Capitol Area Network .com Electronic Drugstore (http://www.capnet.com), a division of Meridian Holdings, has executed an Exclusive Electronic Commerce Agreement with BioSynergy Nutriceuticals Inc., a manufacturer and supplier of dietary supplements. Under the terms of this agreement, BioSynergy will become the exclusive supplier of all the dietary supplements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc CAPNET.com's natural foods and vitamins business line. CAPNET.com intends to become a leader in the $25.8 billion natural foods industry. The industry has enjoyed a better than 20 percent annual growth rate for five consecutive years, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Nutrition Business Journal. About CAPNET.com CAPNET.com is the owner and operator of Capnet Gateway Online Services, an Internet-based Web portal and Community, that is focused on providing contents and information regarding Healthcare, High-technology and Humanity. CAPNET.com plans to market nutriceutical products to its extensive network of healthcare providers and consumers through its' Online Electronic Drugstore. The company believes that the nutriceutical industry is still very young, and it is beginning to attract the interest of large drug companies, thus substantial growth is expected to continue for the long term. The gross sales Gross Sales A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. for CAPNET.com Electronic Drugstore is projected at over $10 million for the twelve months beginning first quarter of year 2000, the anticipated launching date of the program. About BioSynergy BioSynergy (http://www.bio-synergy.com), based in Sausalito, Calif., is a supplier of raw materials and secondary ingredients to the dietary supplement industry. The company has recently developed strategic relationships with scientists at VA Medical Center, UCLA UCLA University of California at Los Angeles UCLA University Center for Learning Assistance (Illinois State University) UCLA University of Carrollton, TX and Lower Addison, TX and Harvard in addition to food science labs that will help the company patent nutriceuticals for its own line. "We are pleased to be a major distributor of BioSynergy Nutriceutical products. When one considers the rapidly growing popularity of natural products such as herbals, nutriceuticals and functional food products, the potential for this market is overwhelming. The introduction of clinically tested, innovative products, combined with increased public awareness and desire of a healthier lifestyle, creates tremendous revenue opportunities with potential for substantial, long term growth," said Dike. From time to time, the company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the 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. created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the company claims the protection of the Safe Harbor for forward-looking statement provisions contained in 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 and any amendments thereto. |
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