Human Pheromone Sciences Exclusive License Agreement for Its Initial Human Pheromone Technology in Taiwan
16 6월 2009 - 1:00AM
PR Newswire (US)
(Pact is the Company's first in Southeast Asia, and provides for
expanded relationship in Mainland China and other Asian Markets)
SAN JOSE, Calif., June 15 /PRNewswire-FirstCall/ -- Human Pheromone
Sciences, Inc. (OTC:EROX) (BULLETIN BOARD: EROX) ("HPS" or "the
Company") today announced the signing of an exclusive License,
Supply and Distribution Agreement (the "Agreement") with Pheromone
International CO., LTD., a Taiwan-based Company ("the Licensee"),
an affiliate of David Bernard International, CO., LTD., for the use
of the Company's initial human pheromone technologies in personal
care products to be developed and marketed in the Taiwan market.
Under the Agreement, the Licensee must meet minimum annual purchase
requirements to retain exclusivity in Taiwan for the four year
period of the Agreement, and, if it is in compliance with annual
minimums, will have the right of first opportunity for additional
markets, including the Peoples Republic of China, Singapore and
Macao, in all distribution channels, excluding Multi-Level
Marketing. "This agreement represents the culmination of several
months of discussions between the parties, after the Licensee had
conducted extensive market studies and legal reviews to ascertain
and confirm the potential for the success of consumer products
containing these compounds in Southeast Asian markets," a Company
spokesperson noted. A spokesperson for the Licensee stated, "we
have conducted in-depth marketing and research studies in the Asian
markets over the past four years. We plan to develop lines of
consumer products to be distributed through our own channels, and
sublicense the use of the pheromones to other companies with
additional methods of distribution. We want to act as the exclusive
agent for Human Pheromone Sciences, Inc. in Taiwan and Mainland
China because we recognize that they are the only Company that has
the scientific proof of the effects of their compounds, and the
claims have been validated in leading universities around the
world; to establish the Company's brand image, we will utilize
exhibition spaces in major department stores, and the Carrefour
Mall, as well as the internet and Electronic Media. We plan to be a
pheromone leader in Taiwan and Mainland China, and this agreement
is the catalyst," the Licensee's spokesperson said. Major current
clients of the Licensee include Sony Ericsson in Taiwanese
department stores, fifty-seven retailers in the Carrefour Mall in
Taiwan, and several boutique hotels in Taiwan and Mainland China.
Human Pheromone Sciences, Inc. is a technology-based company, whose
proof-of concept products included prestige-priced fragrances and
toiletries and environmental products sold under the Natural
Attraction(R), REALM(R), innerREALM(R) and EROX(R) trademarks.
These products contain mood-enhancing compounds, whose efficacy has
been validated at leading universities around the world, and whose
use is covered under United States and foreign patents. The Company
is also involved in research and product development efforts on new
compounds that have been previously identified as stimulating the
emotional centers of the human brain. Further information is
available online at http://www.erox.com/ and http://www.er303.com/
. The statements in this news release may contain forward-looking
statements that involve risks and uncertainties that could cause
results to differ from predicted results. Further information on
factors that could affect the Company's results is detailed in the
Company's annual report to shareholders on Form 10-K for the year
ended December 31, 2008, and Form 10-Q for the quarter ended March
31, 2009, as filed with the Securities and Exchange Commission. The
Company undertakes no obligation to publicly release the result of
any revisions to these forward-looking statements. DATASOURCE:
Human Pheromone Sciences, Inc. CONTACT: William P. Horgan,
Chairman, CEO of Human Pheromone Sciences, Inc., +1-408-938-3030
Web Site: http://www.erox.com/ http://www.er303.com/
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