Panacea Global Inc. (fka PANG)

[Mr. Bill]

Royal Buying Group and Price Oil Company Team Up

http://www.nacsonline.com/NR/exeres/00005c1fqinhgjwlkkccdhgy/NewsPosting.asp?NRMODE=Published&NR...

Royal Buying Group and Price Oil Company Team Up
May 13, 2004

HINSDALE, IL -- Royal Buying Group, Inc., and Price Oil Company of Montgomery, Ala., have joined forces to provide independent retailers and marketers a global solution to convenience store operations.

Effective immediately, the Royal Buying Group will provide merchandising and marketing activities for Price Oil Company-supplied locations. This offer includes complete category management, merchandising services, and rebate tracking and processing.

The Royal Buying Group will expand its efforts substantially in the southeastern United States as a result of this agreement. In addition, the company said it will enhance its negotiating position and be able to offer even greater benefits to both its members and vendor partners.

"We are extremely happy to have been able to foster a relationship with such a reputable company and the integrity of its personnel. We intend to continue expanding this relationship in the future to further leverage both Price Oil Company's and Royal Buying Group's core strengths," said Royal Buying Group President and CEO Michael Zielinski.