Supreme Announces Name Change and Provides Update
March 14 2014 - 4:00AM
Marketwired
Supreme Announces Name Change and Provides Update
CALGARY, ALBERTA--(Marketwired - Mar 14, 2014) - Supreme
Pharmaceuticals Inc. ("Supreme" or the "Corporation")
(TSX-VENTURE:SL)(OTCBB:SPRWF), formerly Supreme Resources Ltd.,
announces that it has changed its name to Supreme Pharmaceuticals
Inc. in conjunction with its recent decision to pursue interests in
pharmaceuticals and biomedical devices. The TSX Venture Exchange
has advised the Corporation that trading under the new name and
symbol "SL" will commence on March 14, 2014.
David Stadnyk, President & CEO, stated, "Although there is
no certainty that a transaction will be successfully concluded, the
Corporation is in negotiations to acquire an exclusive license
agreement from an independent third party, providing for the
commercialization of patented technology focused on treating
gastrointestinal diseases and disorders. We are excited about
diversifying Supreme's focus to include multiple bio-technologies,
with an initial focus on obesity. The global obesity market is
valued at over $1.6 trillion and the Corporation hopes to make an
announcement with regards to its continued negotiations soon."
About Supreme Pharmaceuticals Inc.
Supreme Pharmaceuticals Inc., formerly Supreme Resources Ltd.,
holds advanced base and precious metals projects located in
producing mining districts of British Columbia, Canada. It has
recently taken the strategic decision to acquire business interests
in the life sciences field in order to increase shareholder
value.
Website: www.supremepharmaceuticals.com.
Further news will be forthcoming in the near future.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Statements in this press release other than purely historical
factual information, including statements relating to revenues or
profits, or the Company's future plans and objectives, or expected
sales, cash flows, and capital expenditures constitute
forward-looking statements. Forward-looking statements are based on
numerous assumptions and are subject to all of the risks and
uncertainties inherent in the Company's business, including risks
inherent in the technology history. There can be no assurance that
such forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on such statements. Except in accordance with
applicable securities laws, the Company expressly disclaims any
obligation to update any forward-looking statements or
forward-looking statements that are incorporated by reference
herein. This news release does not constitute an offer to sell, or
a solicitation of an offer to buy any of the Company's securities
set out herein in the United States, or to, or for the benefit or
account of, a U.S. Person or person in the United States.
Supreme Pharmaceuticals Inc.David StadnykPresident &
CEO403-210-8350info@supremepharmaceuticals.comwww.supremepharmaceuticals.com