Elite Pharmaceuticals Inc (ELTP)

[The ELTP King]

Elite Pharma hiring is now complete. They removed their other job opening a few days ago. They also hired another employee a few weeks ago. We currently have 21 full time employees based off of the most recent 10K. The 10K reported 19 full time employees and now you add in these most recent two. Last year we had 17 employees.

Mr. Treppel stated that "the intent of this loan is to enable the company to accelerate the development and commercialization of its own products, particularly in light of the recent issuance of a patent regarding our abuse-resistant technology. We have already begun hiring new personnel and bringing new equipment on-line to pursue these goals.”