ImmuDyne Announces Expansion.Business Editors & Health/Medical Writers HOUSTON--(BUSINESS WIRE)--Aug. 30, 2002 ImmuDyne Inc. has secured a loan of $600,000.00 for capital investment, including the purchase of manufacturing equipment, to expand capacity and production of its products and thus meet increasing demand for the company's products. As part of the consideration of the loan, ImmuDyne has agreed to purchase 1 million shares of ImmuDyne Inc. common stock and 1 million options (at $0.10) a 5% interest in a cosmetic and functional food company that the lender is incorporating. 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 which are not facts contained in the release are 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. that involve risks and uncertainties, some of which are outside the company's control, and accordingly, actual results may differ materially. Factors that might cause such a difference include, but are not limited to, implementation of the company's strategies, the impact of competitive and industry developments, the results of research and development efforts by the company, product development by the company and customer acceptance of the company's products and services. ImmuDyne is a Texas based nutraceuticals company, specializing in scientifically based dietary supplements Noun 1. dietary supplement - something added to complete a diet or to make up for a dietary deficiency diet - a prescribed selection of foods vitamin pill - a pill containing one or more vitamins; taken as a dietary supplement , animal feed and skin care cosmetics. The common stock of ImmuDyne is traded on the Pink Sheets under the symbol IMMD IMMD Immediate IMMD Institut für Mathematische Maschinen und Datenverarbeitung . |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion