HOUSTON, June 2, 2005 (PRIMEZONE) -- HealthRenu Medical, Inc. (OTCBB:HRUM) is pleased to announce a new agreement that will allow the company to distribute its medical product line and new consumer line, called BetterSkin, into stores across the country. HealthRenu Medical plans to distribute both of these product lines into grocery and drug stores. In addition, the company plans to distribute the BetterSkin line into dollar stores.
HealthRenu Medical, in cooperation with the distributor, plans distribution of the company's medical line and BetterSkin line to 25,000 drug stores nationwide. These stores include, but are not limited to, Walgreens (NYSE:WAG), CVS (NYSE:CVS), Rite Aid (NYSE:RAD), and Longs (NYSE:LDG). The BetterSkin line will be introduced into stores such as ShopKo (NYSE:SKO), Dollar General (NYSE:DG), Dollar Tree (Nasdaq:DLTR), and Family Dollar (NYSE:FDO).
Robert W. Prokos, CEO and President of HealthRenu Medical, commented, "We are pleased to sign this contract and have the nation's second largest distributor working with us. The BetterSkin line alone represents a $121 billion dollar market. We have worked hard to produce a high-quality product with attractive packaging at a very competitive price, and are excited to be able to expand our customer base by entering this new market."
HealthRenu Medical is a biotech/healthcare company that specializes in skin and wound care. Since 1996, the company has been producing breakthrough products that are an effective and affordable answer to healthcare's major skin related challenges. The HealthRenu Medical line provides effective solutions to skin, muscle, and joint-related arenas such as arthritis, fibromyalgia, pressure/diabetic ulcers, stasis ulcers, diabetic neuropathy and circulation, burns, chronic dry skin, dermatitis, skin integrity, psoriasis, and eczema. The success of these products has been demonstrated in surgical procedures, nursing homes, hospitals, and hospice care. That expertise has been used to formulate the BetterSkin line for the everyday consumer that wants to maintain healthier, younger looking skin.
Safe Harbor Statement
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.