April 07, 2011 08:30 ET

SOHM, Inc. Signs Letter of Intent to Acquire Dermatology Company in India, Adding 17 New Products, $1,000,000 in Projected Revenue, and Move to Profitability in 2011

BUENA PARK, CA--(Marketwire - April 7, 2011) - SOHM, Inc. (PINKSHEETS: SHMN), a generic pharmaceutical manufacturer that produces and markets generic drugs covering all major treatment categories, is pleased to announce that the Company has signed a Letter Of Intent to acquire a high-growth dermatology company based in India. Upon the successful close of the acquisition, which is expected in Q2 of fiscal 2011, the Company would add 17 new product offerings, which the Company projects will contribute in excess of USD $1,000,000 in revenue, with significant profit margins. The Company expects this acquisition to be accretive to earnings and cash flow within the first year, allowing the Company to report its first profitable year of operations since inception. 

"Key acquisitions are a strategic goal for SOHM," stated Shailesh Shah, President and CEO of SOHM, Inc. "We not only gain new products to further diversify our offerings, but increase our revenue and brand awareness significantly throughout India and the entire Asian region. The signing of this LOI is a big step forward in realizing the revenue and product line growth we have projected for 2011. Furthermore, I'm delighted to forecast that 2011 is projected to be our first profitable year since inception, and I will be pleased to further communicate management's comprehensive plan to increase shareholder value when we report earnings throughout the year."

About SOHM, Inc.
SOHM, Inc. is a generic pharmaceutical manufacturer that produces and markets generic drugs covering all major treatment categories. The Company's global headquarters is located in California, USA, with manufacturing facilities in India. SOHM, Inc. exports generic pharmaceuticals globally, with a focus on distribution in emerging markets in Africa, Latin America, and Southeast Asia.

Safe Harbor Statement

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 SOHM, Inc., and members of their 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. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information

  • For more information, please contact:
    SOHM, Inc.
    Investor Relations
    (714) 522-6700
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