Contact Information: Contact information: Thomas D. Ingolia CEO Email Contact: 480-385-3800
Health Enhancement Products Announces Dr. Robert Cohen to Join Scientific Advisory Board
Manuscripts on Clinical Trials Submitted; Company to Host Conference Call to Discuss Developments
| Source: Health Enhancement Products, Inc.
SCOTTSDALE, AZ--(Marketwire - July 12, 2007) - Health Enhancement Products, Inc. (OTCBB : HEPI ) (the "Company") announced today that Dr. Robert Cohen has joined its
Scientific Advisory Board, significantly strengthening the Company's
clinical and pharmaceutical research team. Dr. Cohen has extensive
experience in clinical trials involving both traditional and integrative
medicine and has consulted on projects at M.D. Anderson, City of Hope,
Emory University, Shepherd Spinal Center and Hadassah Hospital in Israel.
The Company also announced that two manuscripts describing the Company's
clinical trial results have been submitted for consideration for
peer-reviewed publication. A conference call will be hosted on July 19,
2007 at 4:00 p.m. Eastern time to discuss these and other developments.
Robert Cohen, M.D., a member of the Emory Clinic, Inc. and faculty of Emory
University, also has an academic appointment in the Emory University School
of Medicine. He has had years of experience initiating and developing
grant applications and helping to obtain necessary funding. Dr. Cohen will
consult with HEPI Pharmaceuticals, Inc., the Company's subsidiary, on new
drug development and clinical trial design and execution, and with the
Company on the further development of ProAlgaZyme®, the Company's
nutraceutical product. Dr. Cohen said that "ProAlgaZyme shows great
promise, and I am looking forward to assisting the Company in achieving its
goals." Thomas Ingolia, the Company's CEO, added, "We are delighted to be
able to work with a physician, scientist, and clinical researcher with such
an outstanding track record and reputation. Dr. Cohen's input should
significantly enhance our ability to plan and execute our research
projects."
The Company also announced the submission of manuscripts for possible
publication in peer-reviewed journals of the clinical trial results for
ProAlgaZyme®, the Company's nutraceutical product. Recent clinical trial
results suggest that ProAlgaZyme has the potential to reduce cholesterol by
32% on average and the potential to reduce key markers of inflammation by
57% on average.
Company to host conference call to discuss these and other initiatives
Thomas Ingolia, CEO of the Company, will host a conference call Thursday,
July 19, 2007 at 4:00 p.m. (Eastern Daylight Saving Time) (1:00 p.m.
Pacific Daylight Saving Time). Interested participants may listen to the
call by dialing 1-(866) 814-8476, approximately 5 minutes prior to the
call.
In addition to discussing major initiatives of the Company, one goal of the
conference call will be to explain the purpose and structure for the
Company's recently created subsidiary, HEPI Pharmaceuticals, Inc. In brief
summary, in light of recent clinical trial results and findings in
laboratory studies, it appeared that a high-potential strategy for the
Company was to develop component(s) of ProAlgaZyme® as separate
pharmaceutical opportunities. Historically, major pharmaceutical companies
do not invest in nutraceutical companies. However, since the primary
source for funding to test and develop new pharmaceuticals is through these
major pharmaceutical companies, the Company created the pharmaceutical
subsidiary to facilitate potential funding by these pharmaceutical
companies. The pharmaceutical subsidiary, HEPI Pharmaceuticals, Inc., will
now be responsible for developing the potential pharmaceutical
opportunities represented by purified, individual components of
ProAlgaZyme®. After giving effect to the planned distribution to the
Company's shareholders, the Company will control 90% of the newly formed
subsidiary and will continue to own 100% of ProAlgaZyme®, subject to the
rights of the subsidiary to develop the potential pharmaceutical
opportunities. Under the development agreement that conveys the
pharmaceutical rights to the subsidiary, the Company continues to have the
right to market ProAlgaZyme® as a nutraceutical. Further, external
distributors of ProAlgaZyme® are similarly unaffected by placement of the
pharmaceutical opportunities. At the present time, there are no inquiries
regarding buy-out or investment by a pharmaceutical company and we would
not expect any such inquiries prior to development of lead compounds, which
may never materialize. Further information about the pharmaceutical
subsidiary can be found in the Company's Information Statement filed with
the SEC on June 11, 2007.
About Health Enhancement Products, Inc. and ProAlgaZyme®
Health Enhancement Products, Inc. is a nutraceutical company engaged in the
development of a Dietary Supplement product using only pure, all-natural
ingredients. The company's sole product is ProAlgaZyme®, a liquid product
produced from algae grown in 100% distilled water. The liquid in which the
algae are grown is drawn off, filtered, tested and bottled as
ProAlgaZyme®. ProAlgaZyme®, currently available on the internet as a
nutraceutical product at www.heponline.com, is known to have been used in
humans since the 1980s. Since that time, clinical trials have been
completed in lab animals as well as humans, with encouraging results.
Except for any historical information, the matters discussed in this press
release contain forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements involve risks and
uncertainties. A number of factors could cause actual results to differ
from those indicated in the forward-looking statements, including the
timing of completion of a trial, actual future clinical trial results being
different than the results the company has obtained to date, our inability
to obtain regulatory approvals necessary to market and sell PAZ as a
pharmaceutical, and the company's ability to secure funding, including for
the subsidiary's pharmaceutical development of PAZ. Such statements are
subject to a number of assumptions, risks and uncertainties. Readers are
cautioned that such statements are not guarantees of future performance and
that actual results or developments may differ materially from those set
forth in the forward-looking statements. The company undertakes no
obligation to publicly update or revise forward-looking statements, whether
as a result of new information or otherwise.
For more information, please visit www.heponline.com.