Sanguine Selects Stuart J. Beebe to the Company's Management Advisory Team.PASADENA, Calif. -- Sanguine Corporation (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. : SGNC), a bio-pharmaceutical company focused on the development of an oxygen-carrying synthetic substitute for human red blood cells Red blood cells Cells that carry hemoglobin (the molecule that transports oxygen) and help remove wastes from tissues throughout the body. Mentioned in: Bone Marrow Transplantation red blood cells and numerous other areas requiring oxygen profusion, selected Stuart J. Beebe to the Company's management advisory team. Mr. Beebe recently served as CEO/President of CNL Retirement Properties, Inc., one of the largest health care REITs in the country. Stuart was directly responsible for all strategic business initiatives, including development, acquisitions, and financing projects for the Company. Under his leadership, CNL Retirement Properties opportunistically acquired and developed, during a 32 month period, 280 properties located in 34 states, valued in excess of 3.5 billion. In October of 2006, he championed the sale of the company to Health Care Properties, the nation's largest healthcare REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). for $5.2 billion. Prior to heading CNL, he served as CFO See Chief Financial Officer. of CNL Real Estate Group in Orlando for four years, after serving for 15 years as Senior VP for the Florida division of Lincoln Property Company. Dr. Thomas C. Drees, Ph.D. - 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. , commented, "We are excited to have Stuart join our team. His experience in the areas of finance, business development, and acquisition negotiations enhances our ability to execute our previously discussed objectives. Our plan is to grow our company organically by completing the 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. approval of PHER-O2; while in parallel, acquiring a private company(s) whose expertise, management and earnings will enable us to move vigorously toward becoming a world class pharmaceutical company." Drees added, "During our development of PHER-02 as a blood alternative, we realized its incredible oxygen carrying capabilities. The total market potential for a FDA approved PHER-O2 is estimated at more than $7 billion in the U.S. alone. This would include both intravenous and ex-vivo applications. Currently we are working toward an ex-vivo 510(K) device FDA approval, with intravenous applications slated for the future. We believe that our product is far superior to any other product currently in the industry and represents a major breakthrough. Utilizing our team of experts, both domestically and within Europe, we look forward to add numerous products that work synergistically syn·er·gis·tic adj. 1. Of or relating to synergy: a synergistic effect. 2. Producing or capable of producing synergy: synergistic drugs. 3. with our oxygen carrier." For information related to the Sanguine Corporation, contact Investor Relations: Michael Dancy danc·y also danc·ey adj. danc·i·er, danc·i·est Informal Suitable for or inviting dancing; danceable: dancy music. , 801-746-3570, email: medancy@allwest.net, or visit: www.sanguine-corp.com. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of 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. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. |
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