TORONTO, ON--(Marketwired - Apr 28, 2015) - Easton Pharmaceuticals Inc. (
Easton is pleased to announce that its first 3 main OTC products (Viorra, Skin Renou HA and Kenestrin Gel) are now ready to be ordered directly through its distributor Nutrashop Global Stores and on Eastons own website http://www.eastonpharmaceuticalsinc.com/ by the end of the week. The products received extremely favorable reviews at the first two trade shows and was one of the top selling exhibitors out of the estimated 300 hundred in attendance. The company's proprietary gel formulation is an innovative and unique transdermal delivery system, currently incorporated into 3 of its OTC therapeutic products with near term plans for another 3 products.
Easton Pharmaceuticals' VIORRA product, is an over-the-counter aid for the treatment to restore and improve vaginal moisture and elasticity which has a very positive effect on women's sexual desire and arousal, FSAD (Female Sexual Arousal Disorder) the world market for these female conditions are in excess of $2 billion. VIORRA is a topical, daily-use product classified by the FDA as containing Generally Recognized as Safe ingredients. Kenestrin Gel is a pain relieving gel designed to help relieve pain associated with arthritis and other types of pain including lower back where initial feedback on effectiveness has been positive. Skin Renou HA drew the biggest initial response at the health show due to the broad volume of samples made available which has resulted in many inquiries for distribution. Now that the products have been launched and are ready to ship, BMV Medica SA, its partners in Mexico and Latin America, is now able to distribute the products through its broad distribution channels in the region to coincide with the previously announced distribution agreement where Easton and BMV are the sole exclusive distributors in Mexico for the VS-Sense woman's diagnostic patented product which is currently being sold throughout North America.
In other developments, Easton pharmaceuticals has finalized and filed its 2014 yearend financial statements and is now providing all documentation to its auditor to have the statements fully audited and certified. The audit is required for various reasons, including a tier 2 SEC filing which was recently revised by the SEC, where OTC listed companies can raise up to $20 Million with audited financial statements and up to $5 Million with unaudited financial statements. Easton has received a financing commitment from New York based MacAllan Partners LLC., who have previously financed Easton Pharmaceuticals for $1 Million. Once approved by the SEC, the financing can be drawn down at Easton's discretion, if and when needed.
In other developments, Easton will soon announce details on negotiations towards possibly expanding its exclusive distribution agreement on the VS-Sense patented woman's diagnostic products including other diagnostic products, and to other approved drugs in select countries. Easton and BMV believe the VS-Sense diagnostic products will be very successful, profitable and represents a unique opportunity for its growth prospects where 1 in 3 woman will require such a test at some point in their lives.
About Easton Pharmaceuticals
Easton Pharmaceuticals is a diversified specialty pharmaceutical company involved in various pharmaceutical sectors and other growing industries such as medical marijuana. The Company previously developed and owned an FDA approved wound healing drug and currently owns topically-delivered drugs to treat cancer and other conditions that are all in various stages of development and approval. Easton has entered into a 50 / 50 revenue sharing agreement towards being the exclusive distributor in Mexico for world patented women's diagnostic products. Easton has completed an acquisition that grants 40% ownership interest in Medicated Markets International LLC; a company holding Medical Marijuana growing rights in California on 20 acres (3 acre growing area). Easton has also made additional investments into AMFIL Technologies, their groZONE anti-microbial airflow system and hold an exclusive option to purchase up to 49% in a (MMPR) medical marijuana grow-op business post granting of license from Health Canada in Ontario, which has received a letter to build from Health Canada. The company's gel formulation is thought to be an innovative and unique transdermal delivery system that can in the future be adaptable in the delivery of Cannabidiol extracts.
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Safe Harbor
This news release may contain forward-looking statements or expressions within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when certain words or phrases such as "hope", "positive", "anticipate," "pleased," "plan," "confident that," "believe," "expect," "possible" or "intent to" and similar conditional expressions are expressed, they are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Any investment made into Easton Pharmaceuticals would be classified as speculative and may contain risks. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional or adequate financing, government approvals or changes to proposed laws and other risks and uncertainties further stated in the company's financial reports and filings.
Contact: Carla Pepe Tel: +1(416) 619-0291 Tel: +1(347) 284-0192 Email: info@eastonpharmaceuticalsinc.com
