National Pharmaceutical Corp. To Acquire Vida Pharma International
Miami, FL, (MARKETWIRE via COMTEX) -- National Pharmaceutical Corp. (PINKSHEETS: NFRM) announced today that it has signed a letter of intent with Vida Pharma International Corporation for the acquisition of 100% of the outstanding shares of Vida Pharma.
According to the company, an acquisition agreement is to be entered into on or before May 12 and the transaction is expected to close on or before May 31, 2010. Details on the acquisition transaction are to be released upon signing of the definitive agreement.
About Vida Pharma VIDA Pharma is a modern, efficient, full service private label contract manufacturer of nutritional supplements, vitamins, minerals, herbal products, specialty products and diet aides. VIDA Pharma is currently serving North American and overseas.
Safe Harbor Statement
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's contract manufacturers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
SOURCE: National Pharmaceuticals Corporation