New Life Scientific Offers Newly Expanded Services


FREEHOLD, N.J., Sept. 29, 2005 (PRIMEZONE) -- New Life Scientific, Inc. (OTCBB:NWLF) announced Thursday it will expand its services to offer market research and regulatory services through Pharma Trials International, Inc., its wholly owned subsidiary.

Pharma Trials International, Inc. will expand its services to offer market research and regulatory services, market needs, market trends, new government regulations regarding the importation of drugs, statistics and market analysis including the sale of drugs in certain therapeutic categories. NWLF also will offer consultations regarding strategies of bringing products to the market in Eastern Europe as a primary market entry point, as well as strategies to grow existing markets. All of the above services will be available for OTC and prescription drugs and devices. NWLF will provide the expertise of its team of advisors to support the newly planned marketing efforts.

Wieslaw J. Bochenek, M.D., Ph.D., F.A.C.P. president of New Life Scientific, Inc. commented, "We believe that our position in Eastern Europe will allow us to offer a wider range of services than simply as a contract research organization. In meetings with various companies interested in our clinical trial capabilities, we have learned that these same companies are eager to pursue the research and marketing abilities we are developing."

About New Life Scientific, Inc. (NWLF):

NWLF recently acquired Novo Life Scientific (Ukraine), the holder of a cooperation agreement with the Institute of Molecular Biology and Genetics of the Ukrainian Academy of Sciences (IMBG). Nova Life Scientific, in conjunction with IMBG, is highly regarded for its extensive knowledge and expertise in the fields of molecular cell biology and molecular genetics research, intends to develop and market certain stem cell related products and therapies. Novo Life Scientific (Ukraine) has been researching and is in the process of developing the business model for the creation of stem cell treatment facilities to be based in Europe. The company hopes to analyze and share its research regarding stem cell therapy and tissue regeneration with other scientific groups and to take advantage of the extensive research previously conducted in Ukraine by IMBG.

New Life Scientific, Inc. has also recently acquired Pharma Trials (PTI), a provider of services in the areas of clinical trials, market research, and the regulatory approval of products for pharmaceutical companies and contract research organizations (CROs). Additionally, New Life has signed a joint venture agreement with InvaMed Pharma and created a joint venture company to pursue pharmaceutical product development.

Safe Harbor Statement:

This information includes certain "forward-looking statements." The forward-looking statements reflect the beliefs, expectations, objectives, and goals of the company management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to, commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets, and changing legislation and regulations. Matters discussed in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect," and similar expressions identify such forward-looking statements. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with the impact of economic, competitive, and other factors affecting the company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently, and other factors detailed in reports filed by the company. Forward-looking statements are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.



            

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