SOURCE: Phlo Corporation

April 30, 2009 10:30 ET

Phlo Announces Agreement in Principle for the Sale of Non-Beverage Nano-Technology Products

JACKSONVILLE, FL--(Marketwire - April 30, 2009) - Phlo Corporation (PINKSHEETS: PHCP) announced today that one of its affiliates (the "Company") has signed an agreement in principle with S.B. Books, Inc. ("SB") providing for a license of the Company's Nanoscale Particle Complex Technology ("NPC Technology") to SB for use in products such as liquid chews and energy shots, tongue strips, sprays, and mists.

Under the agreement in principle, the Company shall receive 10% of the gross revenue from the sale of all products containing its NPC Technology. The Company will also generate revenue from the sale of NPC Technology preparations, including various actives and payloads, to SB for use in the development, production, marketing and sale of such products, and will provide technological and scientific support and product development assistance.

SB is an established retailer that has been in business for over 20 years. Headquartered in California, SB and its subsidiaries operate retail stores selling their products to consumers in Arizona, California, and Oregon. SB estimates that the U.S. market for products such as those covered by its agreement with the Company surpassed $15 billion in 2008. SB maintains warehouses in Arizona and California.

Phlo is a biotechnology company and a manufacturer and marketer of products (primarily liquids) containing patented and patent-pending biotechnologies. Phlo is focusing its technology generation and acquisition efforts on those technologies related to enhancing cognition and personal performance, reducing the effects of aging, and to assisting the prevention or delaying of the onset of chronic diseases.

Certain statements made herein that are not historical constitute "forward-looking" statements within the meaning of the Private Litigation Reform Act of 1995 and may contain words such as "anticipate," "believe," "expect," "future," "may," "will," "should," "plan," "projected," "intend," and similar expressions to identify such forward-looking statements. Such statements are based on a number of assumptions and on information and estimates supplied to Phlo Corporation by sources currently available to it. Such assumptions and estimates are subject to uncertainties, contingencies, and other factors, many of which are beyond Phlo Corporation's control. Actual results may differ materially from the statements set forth above.

Contact Information

  • For more information contact:
    James B. Hovis
    (904) 505-3834