SOURCE: IO Circuit

June 22, 2007 06:15 ET

(OTC: HSPO) Announces Exclusive Agreement With Schering-Plough

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit

LAKE HARMONY, PA--(Marketwire - June 22, 2007) - HealthSport, Inc. ("HealthSport" or the "Company") (OTCBB: HSPO) through its wholly owned subsidiary InnoZen, Inc. ("InnoZen") completed, by receipt of a $150,000 prepayment, an exclusive marketing and distribution agreement with Schering Plough, S.A. de C.V. of Xochimilco, Mexico ("Schering"), a subsidiary of Schering-Plough Corporation, for InnoZen's Suppress Cough strip products. The agreement provides for the exclusive supply by InnoZen of both Suppress-Herbal and Suppress-Dextromethorphan to Schering and covers 35 Central, South American and Caribbean countries. Prior to marketing the product, Schering and InnoZen will work together to obtain a health registration for the products in Mexico. In addition, InnoZen has agreed to develop new edible filmstrip formulations and finished products for Schering Plough Latin America.

Other active stocks are HMS Holdings Corp (NASDAQ: HMSY), Cell Therapeutics, Inc. (NASDAQ: CTIC) and Cherokee Inc. (NASDAQ: CHKE).

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