SBI Skin Biology Incorporated

July 15, 2009 12:19 ET

SBI Skin Biology Incorporated Provides Update in Respect of Its Proposed Business Combination With Realm Energy International Corporation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 15, 2009) - SBI Skin Biology Incorporated (NEX:SBI.H) provides this updated news release, as required by the policies of the TSX Venture Exchange (the "Exchange"), in respect of the proposed reverse takeover with Realm Energy International Corporation ("Realm"), first announced on June 2, 2009 (the "Proposed Transaction"). The parties to the Proposed Transaction act at arm's length. As is normal policies of the Exchange, trading in the Company's shares has been halted since the Proposed Transaction was first announced.


The Company and Realm continue to work on finalizing several of the key underlying documents required to be completed in connection with the Proposed Transaction - this includes the formal share purchase agreement that will supersede the existing letter of intent, and a Management Information Circular for a meeting of the Company's shareholders to consider and, if acceptable, approve the Proposed Transaction.


H. Rick Gill, President, CEO & Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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