Allegiance Equity Corporation: Update

Allegiance Equity Corporation (TSX VENTURE:ANQ) - Allegiance previously
announced a proposed private placement of up to 1,500,000 shares on September 3
rd ,2010 at $0.25 has now been withdrawn and instead will proceed with a Private
Placement of up to 400.000 common shares at $0.15 per share. 


ALLEGIANCE EQUITY CORPORATION

Allegiance and its partners developed and patented CinGx(TM) and Relieva(TM)
providing millions of dollars in licensing opportunities. Both products are
ready for market and the company is in engaged in negotiations with major
potential licensees world-wide.


CinGx(TM) and Alzheimer's, dementia and diabetes 

Current prescription therapies for the treatment of Alzheimer's and dementia are
not effective. They do not prevent the progression nor help recover brain
function caused by these conditions. There are also no prescriptions for the
prevention of diabetes, or a cure for the damage caused by the disease. We need
better therapies for these devastating disorders. 


CinGx(TM) safely and effectively controls glucose metabolism, improves brain
function and a healthy cognitive system. It contains two concentrated and
purified natural extracts that act synergistically to control glucose
metabolism, improve brain function, and minimize the risk of developing
dementia, Alzheimer's and diabetes. The International Patent Examiner approved
all claims for improving mental health, memory, and cognitive function in
diabetics.


CinGx(TM) a Mass Market Opportunity

There are applications for CinGx(TM) in a multitude of food products including
beverages, diet and nutritional foods, meal replacement bars and shakes, vitamin
products, and diabetic products. 


Allegiance has an interim agreement to license CinGx to a U.S. based gourmet
chocolate manufacturer. The new products will be introduced in the U.S. later
this month.


RELIEVA(TM) for Psoriasis, Eczema and Atopic Dermatitis

Global Psoriasis Drugs Market to Exceed $7.3 Billion Dollars by 2015, according
to new reports by "Global Industry analysts Inc." with no satisfactory treatment
in sight.


Prime Pharmaceutical Corporation (Prime) a subsidiary of Allegiance invented a
patented extraction process which increases the concentration of the beneficial
alkaloids from Mahonia Aquifolium. This ancient Indian Herbal remedy now 75
times more potent, is Prime Pharmaceutical's proprietary extract
"Psorberine"(TM).


Relieva(TM) is the company's first product made with Psorberine(TM) an
anti-inflammatory, antibacterial product for the treatment of psoriasis and
atopic dermatitis. Relieva(TM) provides immediate relief for itching, irritation
and inflammation associated with almost all problem skin conditions with ZERO
toxicity and Irritation.


There are currently patents in 21 countries for Relieva including the U.S. the
EEC, China, and Russia.


Enhanced Formulation of Relieva captures attention of DSE Health

DSE Healthcare Solutions L.L.C., Edison, New Jersey will carryout at its own
expense a clinical trial with a new enhanced formulation for Relieva. 


Production of the new formulation and placebo for the clinical trial are
underway and the trial is expected to commence within the next 4 weeks. The
enhanced Relieva had surprisingly effective results with several cases of severe
psoriasis and the purpose of the trial is to verify these results.


DSE Healthcare Solutions is successful in the marketing of health care, medical
and consumer products, to food, drug and mass merchandiser customers. DSE
Healthcare Solutions was founded by very experienced former managers of one of
the world`s largest pharmaceutical and health care companies. Robert C. Stites,
the CEO and one of the founders of DSE, was previously President and Chief
Operating Officer of Johnson & Johnson Products, Inc.


Allegiance took the initiative in establishing Prime in which it holds a 37.5%
equity interest or 6,040,458 common shares of Prime out of 16,284,680 common
shares issued and outstanding. 


Purpose of Financing 

Allegiance is expecting to complete licensing agreements within the next few
months for Relieva and CinGx to generate revenues. In the interim Allegiance
requires operating capital to continue day to day operations. Funding will be
used for the following purposes.


1. To meet ongoing administrative and corporate expenses. 

2. To provide funding to support Marketing and Licensing programs for CinGx and
Relieva.


Interest of Management - Notice of Intention to Distribute

Palm American Investment Inc. holds 1,428,550 common shares of Allegiance Equity
Corporation and has filed a Notice of Intention to sell up to 1,000,000 common
shares on October 1st, 2010 by way of private sale or on the market from time to
time. Palm American Investment Inc is controlled by David Solomon, Marilyn
Bloovol and members of their family. It is contemplated, corporations controlled
by Marilyn Bloovol and David Solomon, directors and officers of Allegiance will
participate in the private placement, directly or indirectly through
corporations controlled by them. 


Additional information relevant to the Company's activities, including the
Company's press releases can found on SEDAR at www.sedar.com.
(TSXV:ANQ)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024