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Xechem Acquires Equity Stake in Consumers Choice Systems, Inc.


Business Editors

NEW BRUNSWICK, N.J.--(BUSINESS WIRE)--April 1, 2002

Xechem International, Inc. (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 BB: ZKEM) today announced that it has acquired a ten percent equity position in Consumers Choice Systems, Inc. (CCS (1) (Common Channel Signaling) A communications system in which one channel is used for signaling and different channels are used for voice/data transmission. Signaling System 7 (SS7) is a CCS system, also known as CCS7. See SS7. ), a manufacturer and distributor of "UTI UTI urinary tract infection.

UTI
abbr.
urinary tract infection



UTI

urinary tract infection.

UTI Urinary tract infection, see there
" brand products for the detection, relief and prevention of urinary tract infections and other womens' health care products.

CSS (1) See Cascading Style Sheets.

(2) (Content Scrambling System) The copy protection system applied to DVDs, which uses a 40-bit key to encrypt the movie.
 has exchanged 5,173,000 shares of its common stock for all debts currently outstanding with Xechem.

CCS, through its Woman's Wellbeing division (www.womanswellbeing.com), markets an array of personal care products for women in CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. , RITE AID, WALGREENS and LONGs store chains, as well as in several other consumer stores throughout the country. Its well received products include it's Menopause Relief(TM) supplement, a specially formulated product to alleviate hot flashes and night sweats, the two most common symptoms of menopause; UTI Screening Test Kit(R) for the detection of urinary tract infections; UTI Relief(R) for relief of pain and burning associated with urinary tract infections; and Cranberry-Plus(TM), a capsulated cap·su·late   also cap·su·lat·ed
adj.
Enclosed in or formed into a capsule.



capsu·la
 formulation containing cranberry and blue berry extracts for the prevention of urinary tract infections.

According to Xechem's President & 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.  Dr. Ramesh C. Pandey, "We are very pleased to be associated with such an exciting young company as CCS with its impressive portfolio of premiere women's health care products. Xechem feels that our association with CSS will lead to a long and mutually beneficial relationship in the health care field with all of our health care products complimenting each other, especially XetaPharm's nutraceutical line of products for women's health care."

CCS's President & CEO, Terry Kelley also expressed his enthusiasm: "We are excited about our new association with Xechem, a cutting-edge technology company, which is poised to make great strides in the health care industry with its impressive array of oncology, anti-infective and other pharmaceutical and nutraceuticals products."

Xechem International, Inc., headquartered in New Brunswick, NJ, with subsidiary companies in the USA, India and joint venture partners in both Hong Kong and the Peoples Republic of China, is a biopharmaceutical company of which Xechem, Inc. (a US subsidiary) is engaged in the research, development and production of generic and proprietary drugs from natural sources, specializing in the development of niche-generic, difficult to replicate anticancer, antiviral, including Human Immuno-deficiency Virus (HIV HIV (Human Immunodeficiency Virus), either of two closely related retroviruses that invade T-helper lymphocytes and are responsible for AIDS. There are two types of HIV: HIV-1 and HIV-2. HIV-1 is responsible for the vast majority of AIDS in the United States. ) and antifungal compounds. Xechem is also engaged in the research and development of several novel anti-infectives showing strong and selective efficacy against an array of antibiotic resistant bacterias, including Helicobacter pylori (H. pylori), Vancomycin resistant Enterococcus faecali (VREF VREF Voltage Reference
VREF Reference Voltage
VREF Vancomycin-Resistant Enterococcus Faecium (antibiotic-resistant bacteria)
VREF Reference Landing Speed (aviation)
VREF Vertical Refresh
), Methicillin resistant Staphylococcus aureus (MRSA MRSA Methicillin-resistant Staphylococcus aureus. See MARSA. ), and other antibiotic resistant Staphylococcus aureus and Candida albicans. The Company also screens extracts and pure compounds from various parts of the world for their therapeutic use.

XetaPharm (another U.S. subsidiary) develops quality controlled nutritional products such as GinkgoOnce(R), GinsengOnce(R), GarlicOnce(R), Gugulon(TM), Co-Enzyme Q-10, VIDA VIDA Voluntad Independiente de Anzoátegui (Venezuela political party)
VIDA Voice Interoperability, Data and Access
VIDA Volumetric Imaging Display and Analysis
 PRAS(TM) and numerous other nutraceutical products, which are under development.

This and past press releases of Xechem International, Inc. are available at Xechem's web site at www.xechem.com.

This news release may contain certain forward-looking statements relating to Xechem's future business performance 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, which are intended to be covered by safe harbors created hereby. Such forward-looking statements involve known and unknown risks, uncertainties, including the ability of the Companies to successfully develop and commercialize their technologies, and other factors that may cause the actual results, performance or achievements of the Companies to be materially different from any future results, performance or achievements of the Companies expressed or implied by such forward-looking statements.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 1, 2002
Words:613
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