PharmaCom BioVet Inc. (PHMB)

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PharmaCom BioVet, Inc. (PINKSHEETS: PHMB) management today announced that the company intends to sell one or more of its business assets to a fully reporting public company with the anticipated result of distributing the proceeds of any such executed deal directly to the company's shareholders in a dividend. Management is in discussions with interested parties, and is undergoing valuation of the company's assets together with customary due diligence. Upon the sale of one or more assets, PharmaCom BioVet shareholders will receive the proceeds of any dividend pro rata while retaining their ownership interest in PharmaCom BioVet.

PharmaCom CEO Gary Berthold stated, "The opportunity to have one or more assets purchased by a reporting company offers significant benefits to the company and its shareholders, not only with respect to any dividend, but also by the ability of a fully reporting company to effect continuing mergers and acquisitions, joint ventures and financing to expedite our business assets and technologies."

Management stated that specific details will be announced upon the execution of definitive agreements.