Emerging World Pharma Inc. Management Approves Investment Allocation Into European Global Pharma
19 Aprile 2010 - 10:00PM
Marketwired
Emerging World Pharma Inc. (PINKSHEETS: EWPI) president, Brandon
Keks, confirmed today that the company has approved an ongoing
investment allocation into European Global Pharma. The first
allotment of funding has been set aside as the company completes
its due diligence. "We do not anticipate any delays or anomalies
regarding this initial investment and the monies should be released
by May 1, 2010," noted Mr. Keks.
The investment will be used to fund generic drug manufacturing
facilities in Estonia and eventually expand into Eastern European
countries.
Mr. Keks added, "We believe the investment into European Global
Pharma via Estonia will provide a corridor for continued growth and
development of generic pharmaceutical manufacturing into Eastern
Europe and surrounding Baltic regions."
The company's investment into African Global Pharma Sunyani,
Ghana's generic pharmaceutical facility, is on schedule to be
operational by the end of May 2010.
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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