PDC Biological Health Group Corporation

October 01, 2014 02:41 ET

PDC Provides Litigation Update

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 1, 2014) - PDC Biological Health Group Corporation (CSE:PHG) ("PDC" or the "Company") announces that it has been served with a petition ("Petition") by Sanum Beteiligungsgesellschaft MBH ("Sanum") whereby Sanum is seeking to enforce in the Supreme Court of British Columbia an arbitration award (the "Award") previously decided in its favour against the Company in the International Arbitration Tribunal of the International Centre for Dispute Resolution. The Company is evaluating its legal options in respect of the Petition and intends to vigourously defend its position. The Company has 21 days from the date of service of the Petition to file its response.

Please refer to the Company's prior information circular of October 21st, 2013 and the Company's management discussion and analysis for the period ended June 30th 2014, for more information regarding the Award.

Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Providers (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements, including statements regarding the business of the Company and the potential outcome of the Petition. These statements are subject to a number of risks and uncertainties, in particular there is no guarantee that the Petition will be resolved to the satisfaction of the Company. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf except as required by law.

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