Thrifty Printing Inc.
OTC Bulletin Board : THFY

December 28, 2006 11:56 ET

Thrifty Printing Inc. Press Release

KELOWNA, BRITISH COLUMBIA--(CCNMatthews - Dec. 28, 2006) - Thrifty Printing Inc. (OTCBB:THFY), announced today that the company has signed a Letter of Intent with a private individual for the acquisition of all patents and rights to a portfolio of innovative drug compounds, at advanced preclinical phases, targeted towards the development of therapies for cancer and neurodegenerative diseases and to establish a Collaboration Agreement with the founder and developer of the compounds to further improve the compounds with view to maximize their industrial and commercial potiential.

The company intends to discontinue its business of developing online photofinishing services. Instead, the company will seek to develop and market proprietary drug compounds in the Pharmaceutical Sector.

Accordingly the company seeks to change its name to Anavex Life Science Corp. in the near future as well as file all necessary documents to change its symbol to better reflect its new business.

The company expects to finalize the terms for the Patent Acquisitions and the Collaboration Agreement in early January, 2007.

FORWARD LOOKING STATEMENTS

This release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "intends", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors which may cause our or our industry's actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity or performance. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Contact Information

  • Thrifty Printing Inc.
    Harvey Lalach
    President
    (250) 764-9701