Published: January 25, 2006
BioPharmetics, Inc, Formerly BTG Cosmetics, Signs Joint Venture With Cosmetics Based on Nature Inc.
BioPharmetics, Inc, (OTC: BCSM), formerly
known as BTG Cosmetics, announced the company has signed a Joint Venture
with Cosmetics Based on Nature Inc., a Canadian Health and Beauty product
Distributor.
The joint venture allows BioPharmetics to have the exclusive rights to sell
the Molo Africa line of Natural health and beauty products, the Micha line
of anti-aging products for women, and the Isseo Men's skin care line in the
U.S.
"Our joint venture with CBON gives us a very strong product line to
complement our current cosmetics offerings. The Molo Africa products are
incredible. Not only are they all natural, but the products are purchased
from a company that supports single mothers and farmers in Africa," stated
Mr. Paul D. Lisenby, CEO of Biopharmetics, Inc. Mr. Lisenby goes on to say,
"We've already attended several industry trade shows and the interest in
all three products is incredible. We expect to hit $3 million in sales this
year with $1.5 million in gross profits from these product lines alone."
"CBON is excited to have BioPharmetics, Inc as a joint venture partner for
the sale and distribution of the Molo Africa, Micha, and Isseo lines. Our
company currently has the Molo line in the largest retail store in Canada
and the Micha and Isseo lines continue to be great sellers in beauty supply
stores, salons, and spas throughout Canada. We have no doubt they will do
incredibly well in the U.S.," states Mr. Jeff Alford, C.E.O of Cosmetics
Based on Nature Inc.
About BioPharmetics, Inc. (OTC: BCSM)
BioPharmetics, Inc, formerly known as BTG Cosmetics, Inc, is a manufacturer
and distributor of quality pharmaceutical, cosmetic, and anti-aging
products. The company has three divisions: biotechnology, pharmaceuticals,
and cosmetics/cosmeceuticals, working in unison to develop, manufacture,
and distribute, high-quality products in the retail, wholesale, and
professional markets. BioPharmetics, Inc, also private labels many brands
of cosmetics and Cosmeceuticals for salons and retail stores as well as
compounding specialized prescriptions for doctors nationwide.
For information on BioPharmetics, Inc visit their website at
www.biopharmetics.net
To learn more about Cosmetics Based on Nature, visit their site at
www.cosmeticsbasedonnature.com
Safe Harbor
This press release contains or may contain forward-looking statements such
as statements regarding the Company's growth and profitability, growth
strategy, liquidity and access to public markets, operating expense
reduction, and trends in the industry in which the Company operates. The
forward-looking statements contained in this press release are also subject
to other risks and uncertainties, including those more fully described in
the Company's filings with the Securities and Exchange Commission. The
Company assumes no obligation to update these forward-looking statements to
reflect actual results, changes in risks, uncertainties or assumptions
underlying or affecting such statements, or for prospective events that may
have a retroactive effect.
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