GLENDALE, Calif., April 3 /PRNewswire-FirstCall/ -- Immunotech Laboratories (Pink Sheets: IMMB) is happy to announce preliminary discussions in setting up a potential venture for South America, headquartered in Mexico.
According to Ara Ghanime, Chairman of Immunotech Laboratories, the potential outcome from these discussions, will enhance the company's efforts for its preclinical activities and position the company for a viable regional market penetration. Additional information will be provided as the company continues to implement its South American strategy. Immunotech's management is committed to bring its corporate mission to fruition utilizing its novel therapeutic platform of Irreversible Pepsin Fraction (IPF) for the treatment of HIV/AIDS.
Furthermore, Immunotech Laboratories would like to clarify an editorial error in our press release dated April 1, 2009. Mr. David Miller was stated as "and founder of ACT UP HIV/AIDS activist group". The correct information should have stated Mr. Miller as being one of the many founders of ACT UP. We apologize for this error and any inconvenience that this may have caused.
This news release contains forward-looking statements that involve risks and uncertainties associated with financial projections, budgets, milestone timelines, clinical development, regulatory approvals, and other risks described by Immunotech Laboratories, Inc. from time to time in its periodic reports filed with the SEC. IPF is not approved by the US Food and Drug Administration or by any comparable regulatory agencies elsewhere in the world. While Immunotech Laboratories believes that the forward-looking statements and underlying assumptions contained therein are reasonable, any of the assumptions could be inaccurate, including, but not limited to, the ability of Immunotech Laboratories to establish the efficacy of IPF in the treatment of any disease or health condition, the development of studies and strategies leading to commercialization of IPF in the United States, the obtaining of funding required to carry out the development plan, the completion of studies and tests on time or at all, and the successful outcome of such studies or tests. Therefore, there can be no assurance that the forward-looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, Immunotech Laboratories or any other person that the objectives and plans of Immunotech Laboratories will be achieved should not regard the forward-looking statements as a representation.
SOURCE Immunotech Laboratories, Inc.