St. Paul Pharmaceutical Announces Distribution Agreement of Ferrazone
29 Août 2005 - 12:15PM
Business Wire
St. Paul Pharmaceutical, a pending merger partner with WENR Corp.
(OTC:WNRC) (wenr.net), announced today that it signed a
distribution agreement with Akzo Nobel of the Netherlands to
distribute Ferrazone(R) to countries in southeast Asia. St. Paul's
agreement includes the distribution of Ferrazone(R) in Viet Nam,
Cambodia and Laos with a potential market of over 100 million
people. Ferrazone(R) is Akzo Nobel's brand name for sodium iron
(III) ethylenediaminetetraacetate (NaFeEDTA). It is also commonly
known as sodium feredetate. Ferrazone(R) is an additive for food
products including rice, coffee, tea and milk. UNICEF estimates
that iron deficiency affects half of the developing world's
infants, undermines the health of 500 million women of reproductive
age and leads to more than 60,000 childbirth deaths a year. It also
causes a range of other problems in millions of people, such as
impaired cognitive development in children, exhausting fatigue,
maternal mortality and low productivity in the workplace.
Traditionally, one of the most effective ways to combat any
deficiency has been to add supplements to staple foods, something
that has been done in Western countries for the last half a
century. St. Paul Pharmaceutical is a manufacturer and distributor
of pharmaceuticals with locations in Viet Nam, Canada and
California. Recently the Company has signed a letter of intent to
merge with WENR Corp. WENR Corporation is a holding company that
acquires technology and technology companies. It provides senior
management assistance for product and market development and
secures working capital. The foregoing contains forward-looking
information within the meaning of The Private Securities Litigation
Act of 1995. Such forward-looking statements involve certain risks
and uncertainties. The actual results may differ materially from
such forward-looking statements. The company does not undertake to
publicly update or revise its forward-looking statements even if
experience or future changes make it clear that any projected
results (expressed or implied) will not be realized.
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