KELOWNA, British Columbia, June 8, 2004 (PRIMEZONE) -- Garry Jamieson, President & CEO of Pharmaglobe America Group, Inc. ("Pharmaglobe") (Pink Sheets:PMGA) is pleased to report that the "Call Management Center" for marketing of prescriptions to uninsured Americans is up and running. The call management center is managing an initial, targeted list, of over 13 million consumers. There are over 40 million Americans that lack adequate medical and prescription drug coverage, and this targeted campaign will identify the uninsured chronic medication users, that can clearly benefit from the services offered by Meds4mail.Inc., a 100% owned subsidiary of Pharmaglobe America Group, Inc. All Americans can place orders for their prescriptions via a toll-free telephone number (1-877-DRUGS-99). Drug price comparisons are available at www.meds4mail.com or by calling the toll-free telephone number 1-866-324-9691 or our toll-free fax line 1-866-324-9692.
Paul Phaneuf, President & CEO of Meds4Mail.Inc., has over 18 years of experience in the pharmaceutical industry. He has authorized the production of an "infomercial series" set to launch within the next 30 days, again targeted to the underinsured American consumers who are prescription medication users and who would like to save up to 60% on their prescription costs.
Hannu Tukkimaki, VP of Marketing & Sales for Pharmaglobe America Group, Inc., and Paul Phaneuf are also working on a magazine for our customer base, through our joint venture agreements that highlight our products and services to the American consumers. The contents of this magazine will also contain health, nutrition and functional food articles.
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Error Correction from Press Release: June 3, 2004.
Last paragraph re: Water Plant Investment should have read:
The progress of the Pharmaglobe America/Aqua Naturals International Inc. water venture in Dominica was inaccurate. Pharmaglobe will own 5.5% of the water company through its 10% interest in Aqua Naturals which will earn a 55% interest in the Dominican company, Nature Island Water Inc., when and if, funding is completed. Currently, there are no operations until funding is completed.
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Error Correction from Press Release: May 12, 2004.
It stated: Pharmaglobe estimates its current annualized sales will be U.S. $84 million dollars. This was an error in placement of the decimal point.
Should have read: U.S. $8.4 million dollars
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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 and may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made and involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, and the ability to fund operations and changes in consumer and business consumption habits and other factors over which America Pharmaglobe Group, Inc. has little or no control.
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