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Re: TheFinalCD post# 21980

Sunday, 01/15/2012 7:50:54 PM

Sunday, January 15, 2012 7:50:54 PM

Post# of 95695
The financials are only good up to the end of September. But if you'd been paying attention, you'd might have seen this:

WILSON, NC, Oct 25, 2011 (Marketwire via COMTEX) -- PharmStar Pharmaceuticals, Inc. (PINKSHEETS: PHAR) (the "Company") today announced that it has signed a commitment letter for a three-year wholesale distribution agreement for its signature product line, Aquaprin.

The Company has signed a commitment with an international wholesale distributor located in Brooklyn, NY, who has committed to order a total of $5 million of Aquaprin over a three-year period, beginning upon PharmStar's initial operations for the production of Aquaprin, which PharmStar's management is planning for the third quarter of 2012. The agreement will require the Company to meet a minimum order requirement over the period of the contract before additional product can be made available to other distribution channels. Distribution includes the Middle Eastern and African markets.

Additionally, the distributor is also making a direct investment in PharmStar through its Preferred D offering to further the Company's goals of meeting its production deadlines.



Take note of that last part and the date the PR was released.