Imagenetix Commences China Sales of New Patented Weight Loss Product.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- Imagenetix Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :IAGX) today announced it has introduced its weight loss compound, Lepitrim(TM), to the Peoples Republic of China. The initial order, of five thousand units, will reach market within approximately 45 days, said Imagenetix. Beijing Yinsheng Pharmaceutics (BYP BYP Bypass BYP Biomechanics Yellow Pages BYP Broadcast Your Podcast BYP Beg Your Pardon BYP Business Yellow Pages BYP Boating Yellow Pages BYP Backyard Productions (British amateur independent film company) ), a major distributor of health-related goods in China, will distribute the product. Pending approval from the Ministry of Health, which is expected imminently, Lepitrim(TM) will commence general sale throughout China. Lepitrim(TM) is a natural polysaccharide polysaccharide: see carbohydrate. polysaccharide Any of a large class of long-chain sugars composed of monosaccharides. Because the chains may be unbranched or branched and the monosaccharides may be of one, two, or occasionally more kinds, compound that has been found in studies to safely reduce stored fat by lowering the body's levels of leptin Leptin A protein hormone that affects feeding behavior and hunger in humans. At present it is thought that obesity in humans may result in part from insensitivity to leptin. , a circulating hormone that regulates fat storage. Imagenetix holds an exclusive license for Lepitrim(TM) from the University of Minnesota (body, education) University of Minnesota - The home of Gopher. http://umn.edu/. Address: Minneapolis, Minnesota, USA. , which owns the patent on the compound. Obesity is the fastest growing health problem in China. Currently, seven percent of Chinese adults -- 90 million people -- are obese, nearly double the figure of 1992. In addition, some 200 million Chinese people The following is a '''list of famous Chinese-speaking/writing people. Note in Chinese names, the family name is typically placed first (for example, the family name of "Xu Feng" is "Xu"). are now overweight, about 40 percent more, proportional to total population, compared to 1992. The epidemic is particularly severe in larger cities such as Beijing, where six out of ten adults are either obese or overweight. Children in China are also suffering from increased obesity, which now afflicts some ten percent of those under 16 years of age and is increasing by eight percent per year. 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. BYP president Fu Chunchang, Lepitrim(TM) is expected to play "a key role" in the Chinese government's plan to ameliorate that nation's overweight and obesity problems. "We know of no other weight loss supplement with such impressive scientific results and safety," said Mr. Fu. "We are confident this product will achieve rapid sales growth in the near future." BYP employs a force of more than 100 experienced salespersons who market to more than 10,000 distributors across China and also maintain close relationships with top Chinese governing authorities. The company maintains a 600,000 square foot manufacturing and research center, located near Beijing, as well as a sales and marketing office in Beijing proper. Since its inception, BYP has received significant support from the China FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. , China Ministry of Science and High Technology as well as from other major Chinese government agencies. "We are thrilled to be working with BYP in providing the Chinese market with Lepitrim(TM)," said Imagenetix chief executive, William P. Spencer. Additional proprietary Imagenetix products, including the company's Celadrin(R) joint mobility pills and topical creams, which have shown to be effective on inflammatory related conditions, will also, pending approval, be introduced into the Chinese market by BYP in the near future, he said. About Imagenetix San Diego-based Imagenetix, Inc., www.imagenetix.net, is developing drugs for the treatment of inflammatory diseases. The company also develops and markets natural-based, proprietary products, including nutritional supplements Nutritional Supplements Definition Nutritional supplements include vitamins, minerals, herbs, meal supplements, sports nutrition products, natural food supplements, and other related products used to boost the nutritional content of the diet. , over-the-counter topical creams and skin care products, for inflammation-related markets. 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 This document contains 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. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, the size and timing of customer contracts, new or increased competition, changes in market demand, and seasonality of purchases of the company's products and services. These factors and others could cause operating results to vary significantly from those in prior periods and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the company and its operations, are included in certain forms the company expects to file with the Securities Exchange Commission. |
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