Intellipharmaceutics International Inc. (IPCI)

[wimuskyfisherman]

One more item form Prospectus:

We currently intend to use the net proceeds from this offering for general corporate purposes, which may include working capital,
capital expenditures, research and development, accounts payable and other commercial expenditures. The amounts and timing of our use
of proceeds will vary depending on a number of factors, including the amount of cash generated or used by our operations, and the rate of
growth, if any, of our business. As a result, we will retain broad discretion in the allocation of the net proceeds of this offering.