HBRM News Herborium Announces Continuing Progre
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HBRM News
Herborium Announces Continuing Progress In Key Strategic Initiatives
2012-05-04 08:15 ET - News Release
TEANECK, N.J. , May 4, 2012 /PRNewswire/ -- Herborium Group, Inc., (PINKS. HBRM) www.herborium.com , a Botanical Therapeutics® company, reports today continuing progress with its key strategic initiatives.
The company is progressing through the negotiating phase with China Health Resource Inc. regarding a potential acquisition. Both, Herborium Group and China Resource continue to work diligently towards a successful transaction.
Herborium's partnership with KAMASUTRA ( USA ), LLC to commercialize their unique vodka product containing Herborium's proprietary herbal formula derived from the Company's sexual health formulations, has moved into the introductory marketing phase with the digital marketing plan to be initiated in June 2012. Market share for vodka in the US is $4.8 Billion in annual sales with both on premise and home consumption on the rise. KAMASUTRA ( USA ) LLC is the US partner of the German Bismarck Premium Brands GmbH www.bismarck.de and http://www.bismarck.de/kamasutra/englisch/kam...vodka.html .
The market for pharmaceutical sexual health products is over $3.2 billion worldwide. The market for natural sexual health products is estimated to be over $1.5 billion , and growing.
Dr. Agnes P. Olszewski , CEO of Herborium, recently completed the National Publicity Summit in New York City ( April 25-29, 2012 ). The Company is looking forward to multiple media exposure opportunities resulting from this Summit that shall greatly elevate Herborium's public awareness.