Mountain West Business Solutions Acquires Sunshine Biopharma.LITTLETON, Colo. -- Mountain West Business Solutions, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MWBN) today announced that it has acquired Sunshine Biopharma, Inc., a Colorado Corporation. The acquisition was in exchange for the issuance of 21,962,000 shares of common stock and 850,000 shares of Series "A" Convertible Preferred stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". . Each Preferred share can be converted into 20 shares of common stock. Very shortly the Company plans to change its name to Sunshine Biopharma, Inc. to reflect this acquisition and the Company's new direction. The Company's trading symbol Trading symbol See: Ticker symbol will also be changed upon the name change taking effect. The Company also announced Dr. Steve N. Slilaty has been named Chairman, President and 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. ; Michele di Turi, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and Director and Camille Sebaaly, Chief Financial Officer, Secretary and Director. They replace former management who resigned upon completion of the acquisition. Sunshine Biopharma, Inc. is a pharmaceutical company focused on the research, development and commercialization of drugs for the treatment of various forms of cancer. The Company has as its lead compound, Difluoro-Etoposide[TM], a multi-purpose anti-tumor compound that is expected to enter Phase I clinical trials Noun 1. phase I clinical trial - a clinical trial on a few persons to determine the safety of a new drug or invasive medical device; for drugs, dosage or toxicity limits should be obtained phase I in Canada in 2010. The Company has licensed this technology on an exclusive basis from Advanomics Corporation, a privately held Canadian company. 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 Certain of the statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited financial resources, domestic or global economic conditions, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws and conditions of equity markets. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available via 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. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion