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New Life Scientific, Inc (OTC BB: NWLF) announced today that it completed audit and other closing conditions for acquisition of Pharma Trials International (PTI) in a $1.5Million deal. The transaction calls for NWLF to pay $1.5 Million in common stock. The acquisition, which was previously announced in May 2005, followed the approval of the acquisition by PTI's Shareholders, completion of the audit and other closing conditions and approvals.
About Pharma Trials International:
Pharma Trials provides services in areas of clinical and market research as well as regulatory support to pharmaceutical clients and other Contract Research Organizations (CROs). PTI assists pharmaceutical, biotechnology, and medical device companies with management for their clinical research programs. A CRO, or contract research organization, is a company that is contracted to perform all or part of a sponsor's clinical trials-related tasks. This might include the design, monitoring, and management of trials, the analysis of results, and other specialty duties that drug developers do not have the capacity to perform efficiently.
About New Life Scientific, Inc. (NWLF):
New Life Scientific, Inc. was formed with the intent to develop and commercialize novel biotech/pharmaceutical products, vaccines and genetic treatment modalities and to expand through collaborations, acquisitions, in-licensing and our own research. New Life Scientific utilizes its strategic geographical positioning in Europe to seek undiscovered, emerging and under-valued biotechnologies in the countries of Eastern Europe, with the further intent of their commercialization.
NWLF recently acquired Novo Life Scientific (Ukraine), the holder of a cooperation agreement with the Institute of Molecular Biology and Genetics of the Ukrainian Academy of Sciences (IMBG). Novo Life Scientific, in conjunction with IMBG, highly regarded for its extensive knowledge and expertise in the fields of molecular cell biology and molecular genetics research, intends to develop and market certain stem cell related products and therapies.
Safe Harbor Statements under the Private Securities Litigation Reform Act of 1965: Those statements contained herein which are not historical are forward-looking statements, and as such, are subject to risks and uncertainties that could cause actual operating results to materially differ from those contained in the forward-looking statements. Such statements include, but are not limited to, certain delays that are beyond the company's control, with respect to market acceptance of new technologies, or product delays in the testing and evaluation of products, and other risks, as detailed in the company's periodic filings with the Securities and Exchange Commission.
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Give an Hour(TM) providers offer assistance to individuals, couples, children, and families. In addition to direct counseling
Give an Hour(TM) has expanded its free mental health services to all military personnel and civilian aid workers, as well as their families, serving in Haiti.
Give an Hour(TM) is a nonprofit organization that has created a national network of licensed mental health providers who are responding to both acute and chronic conditions that arise within our society. While the majority of Give an Hour(TM)'s focus has been on providing free counseling and other mental health services to military members, veterans, their families, and their communities who are experiencing the psychological effects of the wars in Afghanistan and Iraq, Give an Hour(TM) will expand its reach to include military and civilian personnel who have been called to duty in Haiti. Currently, there are more than 4,600 providers nationwide in the Give an Hour(TM) network.
"As our nation learned following the September 11 attacks, relief workers are often understandably traumatized by the experience of assisting in the aftermath of a disaster. Those of us in the mental health community must now do our part to assist these relief workers-- military and civilian--by making ourselves available to those who have stepped up to provide relief following the devastation in Haiti," explains Dr. Barbara Van Dahlen, founder and president of Give an Hour(TM).
Dr. Van Dahlen adds, "With approximately 400,000 licensed mental health professionals in the United States, we know there is a great opportunity to make a tremendous impact on the lives of so many of these honorable men and women and their families--just by donating one hour a week. And, so we are asking all mental health professionals to please join our network."
Give an Hour(TM) providers offer assistance to individuals, couples, children, and families. In addition to direct counseling, volunteers give presentations, provide consultation, teach skills, offer support and, perhaps most important, demystify mental health care.
Mental health professionals interested in joining Give an Hour(TM) can complete an easy online form at www.giveanhour.org.
Give an Hour(TM) (www.giveanhour.org) is a nonprofit 501(c)(3), founded in September 2005 by Dr. Barbara Van Dahlen, a psychologist in the Washington, D.C., area. The organization's mission is to develop national networks of volunteers capable of responding to both acute and chronic conditions that arise within our society. Currently, GAH is dedicated to meeting the mental health needs of the troops and families affected by the ongoing conflicts in Iraq and Afghanistan. Give an Hour(TM) has providers across the nation--in all 50 states, the District of Columbia, Puerto Rico, and Guam--and continues to recruit volunteer mental health professionals to its network.
Give an Hour
CONTACT: Lauren Itzkowitz, Give an Hour(TM), +1-301-960-4082,litzkowitz@giveanhour.org
Web site: http://www.giveanhour.org/
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- $8,019 is the per-pupil expenditure on elementary and secondary education nationally in 2003. The District of Columbia ($13,328) spent the most among states or state-equivalents, followed by New Jersey ($12,202), New York ($12,140), Connecticut ($10,372), and Vermont ($10,322).
- The record for the most major league baseball career innings is held by Cy Young, with 7,356 innings.
- With more than four times as many RNs in the United States as physicians, nursing delivers an extended array of health care services, including primary and preventive care by advanced, independent nurse practitioners in such clinical areas as pediatrics, family health, women's health, and gerontological care. Nursing's scope also includes care by clinical nurse specialists, certified nurse-midwives and nurse anesthetists, as well as care in cardiac, oncology, neonatal, neurological, and obstetric/gynecological nursing and other advanced clinical specialties.
- Approximately one in six students enrolled in higher education - about 3.2 million people - took at least one course online in the fall of 2006, according to The Sloan Consortium.
- Greek philosopher Aristotle wrote Meteorologica in 350 BC - it remained the standard textbook on weather for 2,000 years.
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