SOURCE: BioPharmetics, Inc.

October 14, 2008 09:00 ET

BioPharmetics, Inc. Introduces Industry Veteran as New President, CEO to Lead the Company Into Multi Billion Dollar Food and Beverage Industry

SCOTTSDALE, AZ--(Marketwire - October 14, 2008) - BioPharmetics, Inc. (PINKSHEETS: BPMT) is pleased to announce the appointment of Mr. Steve Nickolas as President and Chief Executive Officer of the Company. Mr. Nickolas brings with him a tremendous amount of experience in the food and beverage industry which includes extensive knowledge in marketing, operations and manufacturing. Mr. Nickolas will assume full operational responsibility of BioPharmetics, Inc. effective immediately.

Mr. Nickolas has owned and operated a number of profitable food and beverage operations over the past 33 years and has worked with many well-known large organizations around the world. Over the years, Mr. Nickolas has created multiple businesses in various markets which include manufacturing and distribution in the United States and a number of foreign countries. As President and CEO of BioPharmetics, Inc., Mr. Nickolas will be responsible for using his knowledge and expertise to assist the Company in achieving future goals and financial success.

"The Company will be competing in a highly aggressive but lucrative food and beverage industry. In order to compete, the Company will offer and implement new and innovative food and beverage manufacturing technologies and science-based ingredients, exclusive to BioPharmetics, Inc. These new technologies will provide the Company with a number of unique niches that will be quickly exploitable," stated Steve Nickolas, President and CEO of BioPharmetics, Inc.

About BioPharmetics, Inc.:

BioPharmetics, Inc., once funded, will operate as a manufacturer and distributor of biotechnology products and pharmaceuticals throughout the United States and the world. BioPharmetics, Inc. is also entering into the food science industry to produce healthier foods and beverages. The mission of the Company is to create foods and beverages that are lower in calories, artificial preservatives, sodium, chemical sugars and other carbohydrates that are currently in food products. BioPharmetics, Inc. stock is traded on Pink Sheets with a trading symbol of BPMT.

Safe Harbor Statement:

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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