SOURCE: Red Mountain Pharmaceuticals Inc.

July 12, 2007 16:51 ET

Red Mountain Pharmaceuticals Announces Six-Month Financials

DALLAS, TX--(Marketwire - July 12, 2007) - Red Mountain Pharmaceuticals Inc. (PINKSHEETS: RMPI)

                  RED MOUNTAIN PHARMACEUTICALS INC.
                          BALANCE SHEET
                          JUNE 30, 2007


ASSETS
     Cash                                                  $      0
     Corporate Investment                                   250,000

TOTAL ASSESTS                                              $250,000
                                                           --------

LIABILITIES
     Current Liabilities                                       1156

STOCKHOLDERS EQUITY
     Common Stock $0.001
     par value, authorized
     75,000,000 shares
     issued and outstanding
     5,000,000 shares
     Paid-in Capital                                       $248,844

TOTAL LIABILITIES                                          $250,000
                                                           --------

About Red Mountain Pharmaceuticals Inc.

Red Mountain Pharmaceuticals Inc. is a development stage company that intends to acquire companies in the financial sector, using a roll-up strategy.

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Charis Industries, Co., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information

  • For more information please contact:
    Duane Roberts
    214-987-0844