Emerging World Pharma Inc. First Line of Production Equipment Commences in West African Generic Pharmaceutical Manufacturing Fac
22 Marzo 2010 - 9:28PM
Marketwired
Emerging World Pharma Inc. (PINKSHEETS: EWPI) -- After recently
returning from a tour of generic drug manufacturing facilities in
West Africa, Emerging World Pharma president, Brandon Keks reports
that the generic drug manufacturing firm the company has invested
in has begun installation on the first line of production equipment
in its manufacturing facility in Sunyani, Ghana with a second line
of equipment to follow. The company expects the first line of
production equipment to be operational in April.
The drugs are to be marketed and sold for private and public
sale and use throughout West Africa.
"We expect to have the initial revenues from the first line of
production within the second quarter of 2010. Based on what we
expect to be a high rate of return the company anticipates
exercising its option to significantly increase profit sharing with
an additional investment," stated Emerging World Pharma president,
Brandon Keks.
Once both manufacturing lines are operational the company
expects yearly revenues to exceed in excess of 20 million USD.
According to an IMS forecast imports of finished products account
for over 60% of the African pharmaceutical industry.
www.emergingpharma.com
About Emerging World Pharma Inc.
Emerging World Pharma Inc. is an investor in generic based
pharmaceutical companies manufacturing within developing nations.
The company focuses its investments on generic pharmaceutical
companies that have contracts with three major buyer groups;
church, government and wholesalers. Market research shows that
these branches are the most secure, protected and reputable for the
distribution of medicines.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Statements in this release that are forward-looking
statements are based on current expectations and assumptions that
are subject to known and unknown risks, uncertainties, or other
factors which may cause actual results, performance, or
achievements of the company to be materially different from any
future results, performance, or achievements expressed or implied
by such forward-looking statements. Actual results could differ
materially because of factors such as the effect of general
economic and market conditions, entry into markets with vigorous
competition, market acceptance of new products and services,
continued acceptance of existing products and services,
technological shifts, and delays in product development and related
product release schedules, any of which may cause revenues and
income to fall short of anticipated levels. All information in this
release is as of the date of this release. The company undertakes
no duty to update any forward-looking statement to conform the
statement to actual results or changes in the company's
expectations.
Contact: Joel Everret Emerging World Pharma Inc. Investor
Relations Division 703-646-2633 Email: info@emergingpharma.com
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