Emerging World Pharma Inc. Presented Option to Invest in up to 25% of Profits in West African Generic Pharmaceutical Manufacture
26 Marzo 2010 - 5:44PM
Marketwired
Emerging World Pharma Inc. (PINKSHEETS: EWPI) has been granted an
investment option to increase their percentage of profits by up to
25%. Emerging World Pharma had provided an initial investment to
African Global Pharma, a division of Global Pharma Corp. operating
in West Africa. As per the first agreement the investment would
entitle Emerging World Pharma a percentage of profits obtained from
an exclusive marketing and distribution agreement from the generic
pharmaceutical manufacturer.
This is a region with a population of approximately 250 million.
Nigeria's Pharmaceutical market serving 150 million Nigerians is
worth $2.5 billion.
"This is a tremendous opportunity that has been presented to us
at this early juncture. The business relationship and confidence
that we have developed with African Pharma Corp. in such a short
period of time is incredible. We believe this will be a long term
business association with them in the global generic pharmaceutical
market," noted Emerging World Pharma president, Brandon Keks.
Keks, who recently returned from a gratifying tour of the
African Global Pharma (AGP) manufacturing facilities, added that
AGP has an exclusive marketing and distribution agreement with a
highly reputable organization that will be the sole distributor and
will market AGP products to other private and public hospitals and
pharmacies. The company will provide the specifics of the parties
involved in this agreement in a subsequent press release.
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.
About Global Pharma Corp.
Since 1996 Global Pharma has been producing top quality USP
generics at competitive prices based on a low overhead corporate
model. We choose to provide advanced pharmaceutical solutions to
our customers which directly translates to cost savings when
compared to our competitors.
Our strengths are:
- Skilled and Experienced Teams
- State of the art Production Machinery and Technology
- Regular Manufacturing Upgrades
- Superior Quality
- Affordable Prices
- In-house Quality Control Lab
- Qualified & Dedicated Management and quality control
- Ability to fill Bulk Demand orders
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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