Endovasc Ltd., Inc. Clears Comments On Form 10 and is Now a Reporting Company.Business Editors MONTGOMERY Montgomery, city, United States Montgomery, city (1990 pop. 187,106), state capital and seat of Montgomery co., E central Ala., near the head of navigation on the Alabama River just below the confluence of the Coosa and Tallapoosa rivers, and in the rich , Texas--(BUSINESS WIRE)--April 19, 2000 Endovasc Ltd., Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ENDV) announced today that its Form 10 has cleared comments with the Securities and Exchange Commission, and that as of today, the Company became a reporting company upon the effectiveness of its registration statement on Form 10-SB filed with the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities and Exchange Commission for the registration of its common stock under Section 12(g) of the Securities Exchange Act of 1934. Dr. David P. Summers, Chairman and Chief Executive Officer of the company commented, "This is an important step for the company and shareholders. With this milestone accomplished, the company can now concentrate on the closure of funding efforts and a return to the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. ." Comments from Endovasc Vice President of Business Development, Roy A. Robertson echoed Dr. Summers' remarks and added that, "There are many opportunities for growth in this industry for Endovasc, and now the company can move forward with the clinical trials protocols and further collaborations and alliances with companies and universities." Endovasc Ltd., Inc. is a biopharmaceutical company using liposomal drug delivery for products that have already shown safety and efficacy in generic form. The company's products and processes are covered by patents and trade secrets for competing in a $2 billion market. In February of this year, the company obtained a world-wide exclusive license to the use of N-RAX from Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. . The foregoing statements are made under 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. " statement under the Private Securities Legislation Reform Act of 1995. Any forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. contained herein are based on the company's historical performance. They are subject to various risks and uncertainties detailed from time to time in the company's filings with Securities and Exchange Commission and may not be evident at the time of this release. |
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