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AUGUST 30, 2005
- 09:00 ET
FOR IMMEDIATE RELEASE
PHARMENG
ANNOUNCES MANUFACTURING CONTRACTS
Toronto, Canada, August 30, 2005
- PharmEng International Inc. (TSXV:
PII), a full-service consulting
and contract manufacturing company, today
announced that its manufacturing subsidiary,
Keata, has been given a commitment from
two existing customers for combined contracts
exceeding $1,600,000 over the ensuing
year.
These commitments, from multinational
companies, are expected to grow into additional
services provided by Keata. Keata was
also recently awarded two contracts for
the manufacturing, testing and packaging
of clinical trial products. With the full
integrated support services of PII, the
company is in a position to further provide
regulatory compliance, technology transfer
and commercialization for these products.
"This demonstrates the success of
our full service strategy and the confidence
of our customers on the ability of Keata
to manufacture and deliver quality products",
commented Alan Kwong, CEO and Chairman
of PharmEng.
About PharmEng International
Inc.
PharmEng International Inc., headquartered
in Toronto, Canada, is a full-service
consulting and contract manufacturing
company that serves the pharmaceutical
and biotechnology industries in North
America and internationally. Consulting
services include project management, engineering,
GMP, validation, calibration, regulatory
compliance and certified training. Contract
manufacturing includes pharmaceutical
support, formulation development, laboratory
testing, and finished solid dosage and
liquid products. Building on a foundation
of over seven years of successful consulting,
PharmEng in combination with its wholly
owned manufacturing subsidiary, Keata,
has evolved into one of Canada's
leading pharmaceutical companies. PharmEng's
shares trade on the TSX Venture Exchange
under the symbol PII. For more information
about PharmEng, please visit the Company's
website at www.pharmeng.com.
FORWARD LOOKING STATEMENTS
Certain statements
in this press release may include "forward-looking" statements which involve known and unknown
risks, uncertainties and other factors
which may cause actual results, performance
or achievements of PharmEng to be materially
different from any future results, performance
or achievements expressed or implied by
such forward-looking statements. When
used in this press release, such statements
use such words as "may", "will",
"expect", "anticipate",
"project", "believe",
"plan", and other similar terminology.
The risks and uncertainties are detailed
from time to time in reports filed by
PharmEng with the securities regulatory
authorities in all of the provinces and
territories of Canada. New risk factors
may arise from time to time and it is
not possible for management to predict
all of those risk factors or the extent
to which any factor or combination of
factors may cause actual results, performance
and achievements of PharmEng to be materially
different from those contained in forward-looking
statements. Given these risks and uncertainties,
investors should not place undue reliance
on forward-looking statements as a prediction
actual results.
For further information please contact:
PharmEng International Inc.
Charles Ivey
Senior Director
(905) 415-3922
charles.i@pharmeng.com
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