TORONTO, May 12, 2004 (PRIMEZONE) -- Pharmaglobe America Group Inc. (Pink Sheets:PMGA) is pleased to announce that it has acquired all of the outstanding shares of Prescriptionsbymail.com Inc. a successful business fulfilling mail order prescriptions from Winnipeg, Canada, through its wholly owned subsidiary www.meds4mail.com.
Pharmaglobe is continuing its activity in acquiring and joint venturing with privately owned prescription fulfillment facilities.
Pharmaglobe estimates its current annualized sales will be approximately U.S. $84 million dollars.
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made to involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. For a summary of such risks and uncertainties, see the Company's periodic reports and other filings with the Securities and Exchange Commission.
FOR FURTHER INFORMATION
Corporate Office:
Contact Person: Garry Jamieson -- President Address: 609 -- 1708 Dolphin Avenue, Kelowna, BC V2W 4S9 Telephone: 250-763-7399 Facsimile: 250-763-7395