SBI Skin Biology Incorporated

August 18, 2009 12:32 ET

SBI Skin Biology Incorporated Provides Update in Respect of Its Proposed Business Combination With Realm Energy International Corporation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 18, 2009) - SBI Skin Biology Incorporated (NEX:SBI.H) (the "Company") provides this updated news release, as required by the policies of the TSX Venture Exchange (the "Exchange"), in respect of the proposed reverse takeover with Realm Energy International Corporation ("Realm"), first announced on June 2, 2009 (the "Proposed Transaction"). The parties to the Proposed Transaction act at arm's length. As is normal policies of the Exchange, trading in the Company's shares has been halted since the Proposed Transaction was first announced.


The Company and Realm have entered into a Business Combination Agreement, which supersedes the existing letter of intent, and the Company, Realm and the shareholders of Realm have entered into a Shareholder Support Agreement whereby the shareholders of Realm have undertaken to take certain actions and do certain things in order to bring about the completion of the Proposed Transaction pursuant to the Business Combination Agreement.

In addition, the Company has submitted the initial documents to the TSX Venture Exchange including a draft Management Proxy Circular for a meeting of the Company's shareholders to consider and, if acceptable, approve the Proposed Transaction.


H. Rick Gill, President, CEO & Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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