Holmes Biopharma, Inc.
OTC Bulletin Board : HLMB

Holmes Biopharma, Inc.

June 15, 2005 09:00 ET

Holmes Herbs Signs Letter of Intent

SCOTTSDALE, ARIZONA--(CCNMatthews - June 15, 2005) - Holmes Herbs, Inc. (OTCBB:HMHB) announced today that it has signed a letter of intent to acquire the assets of a clinical drug research and development business from Qualia Clinical Research Services Inc. ("Qualia").

Qualia provides clinical research, Phase I, II, III, & IV human drug trials, on behalf of established pharmaceutical companies. Holmes intends to fund the expansion of Qualia's business plan to include a larger clinical research business, plus drug development.

The terms of the Letter of Intent provide for Holmes acquiring a majority interest in Qualia in exchange for investing up to US$5,000,000, with the current management of Qualia retaining a large ownership position and managing Qualia.

On behalf of the Board of Directors

John F. Metcalfe, President

Certain statements in this press release constitute "forward-looking statements" within the meaning of the United States Securities Legislation. The Company's actual results could differ from those in the forward-looking statements. Do not construe this information as investment advice. This is not a solicitation to buy or sell securities. This does not purport to be a complete analysis of the Company Investing in securities is speculative and carries a high degree of risk. Past performance does not guarantee future results. Readers should consult their own independent advisers with any investment, including any contemplated investment. All information contained in this press release should be independently investigated. This press release contains forward-looking statements. These remarks involve risks and uncertainties. Risks are not limited to quarterly fluctuations in results or the companies' management of growth and competition. Other risks are detailed in the Company's SEC filings. Actual results may differ materially from such information set forth herein.


Contact Information

  • Holmes Herbs, Inc.
    John F. Metcalfe
    President
    (877) 241-4779