Contact:
Dr. Agnes P. Olszewski
Phone: (201) 647-3757
Email: dragnes@herborium.com
Herborium Group Announces Acquisition
Strategy
Teaneck, New Jersey, May 17, 2007 Herborium Group, Inc. (HBRM.OB), a developer
and marketer of novel botanical therapeutics®, including its successful Acne
and Rosacea treatment (www.acnease.com),
announced today that it has narrowed its acquisition targets to two companies
engaged in developing and marketing proprietary, clinically tested Traditional
Chinese Medicinal (‘TCM”) formulations.
Herborium’s business model takes advantage of the highly attractive botanical
therapeutics market potential and present regulatory changes in the healthcare
industry. These advantages provide for robust growth opportunities through
acquiring controlling interest in one or more successful TCM companies in
China.
"We are very serious about
growing the company’s revenues, profitability and the leadership position in
the sector. One way to accomplish this is through successful acquisitions of
other entities that bring desirable value to Herborium." said Dr. Agnes P.
Olszewski, President and CEO of Herborium. "One of the companies we most
like to acquire currently enjoys high profit margins with revenues of
approximately $5 million and a substantial growth potential. These are exciting
times for our company."
Herborium also announced that it was recently accepted as the first Western
company as member of the Council for Globalization of TCM, a division of the
Association for Advancement of Health and Medicine established by Chinese
Ministry of Health in 1984. This membership offers Herborium a unique access to
acquisition candidates in China with the best product profiles, and will assist
with the evaluation and selection process.
Such acquisition opportunities are subject to the completion of due diligence and definitive agreements and there is no assurance that any of the transactions will be consummated.
This release and oral statements made from time to
time by the Company's representatives concerning the same subject matter may
contain "forward looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements can be
identified by introductory words such as "expects,"
"plans," "intends," "believes," "will,"
"estimates," "forecasts," or words of similar meaning, and
by the fact that they do not relate strictly to historical or current facts.
Many factors may cause actual results to differ from forward-looking
statements, including inaccurate assumptions and a broad variety of risks and
uncertainties, some of which are known and others of which are not. Known risks
and uncertainties include those identified from time to time in the reports
filed by the Company with the SEC, which should be considered together with any
forward-looking statement. No forward-looking statement is a guarantee of
future results or events, and one should avoid placing undue reliance on such
statements.