BARCOLENE/PENN CHAMP AND FOUNTAIN PHARMACEUTICALS TEAM UP FOR EXCITING NEW SUNTAN PROGRAM
BARCOLENE/PENN CHAMP AND FOUNTAIN PHARMACEUTICALS
TEAM UP FOR EXCITING NEW SUNTAN PROGRAM
LARGO, Fla., March 23 /PRNewswire/ -- Barcolene/Penn Champ and Fountain Pharmaceuticals, Inc. (NASDAQ: FPHI) today jointly announced they have reached an agreement pursuant to which they will produce for a major department store chain a new "line extension" sun screen product.
Barcolene/Penn Champ, Holbrook, Mass., the specialty chemicals division of Bissell, Inc., currently manufactures a full line of suntan products for, among others, a major national department store chain. This chain will add two new products to its private label line utilizing the Fountain "Lyphazome(TM)" brand liposomes for all-day protection. These additions are scheduled for the 1992 season and may debut as early as March.
Bissell, Inc., a privately held multinational company has been in business since 1876. Diverse in business, Bissell, Inc. is comprised of three major divisions. The Home Care Division, of which Barcolene/Penn Champ is a part, manufactures consumer products ranging from floor care appliances to health and beauty care products. The Health Care Division and Graphics Division make up the balance of the company.
A spokesperson for Fountain Pharmaceuticals, Inc. stated that an opening order from Barcolene/Penn Champ has already been received and filled. He further stated that although the opening order will produce only minimal revenues for the company, he was nonetheless excited at the opportunity created by the venture and looked forward to the success of this private label line extension product.
Fountain Pharmaceuticals, Inc. is a development stage company specializing in the application of encapsulated drug delivery systems that improve drug compound delivery and enhance effectiveness of existing products. Fountain also develops proprietary products with applications in agricultural and consumer goods industries.
/CONTACT: Clark A. Marcus of Fountain Pharmaceuticals, 813-392-5300/
(FPHI) CO: Barcolene/Penn Champ; Fountain Pharmaceuticals, Inc.; Bissell, Inc. ST: Florida, Massachusetts IN: MTC SU: JVN
MK-JS -- PH017 -- 0597 03/23/92 13:06 EST