Human Pheromone Sciences Announces License Agreement
10 May 2007 - 2:31AM
PR Newswire (US)
SAN JOSE, Calif., May 9 /PRNewswire-FirstCall/ -- Human Pheromone
Sciences, Inc. (OTC:EROX) (BULLETIN BOARD: EROX) ("HPS" or "the
Company") today announced the signing of a License Agreement with
Schwarzkopf & Henkel, a Division of Henkel Consumer Goods, Inc.
Under the terms of the Agreement, HPS granted the Licensee a
non-exclusive worldwide license to certain HPS patents in exchange
for an initial cash payment and future royalties on sales of
Schwarzkopf & Henkel's got2b magnetik(R) hair care products.
"We are looking forward to working with Schwarzkopf & Henkel as
they look to expand the use of the Company's patented technology in
the very exciting hair care market," a spokesperson for HPS
indicated. The Company confirmed that it continues to test
additional types of mood-enhancing compounds that have shown
significant promise in human testing, and will seek partners to
bring these new compounds to market, as well as continue to expand
the use of its currently patented compounds. Human Pheromone
Sciences, Inc. is a technology-based company, whose proof- of
concept products included prestige-priced fragrances and toiletries
and environmental products sold under the Natural Attraction(R),
REALM(R), innerREALM(R) and EROX(R) trademarks. These products
contain mood-enhancing compounds, whose efficacy has been validated
at leading universities around the world, and whose use is covered
under United States and foreign patents. The Company is also
involved in research and product development efforts on new
compounds that have been previously identified as stimulating the
emotional centers of the human brain. Further information is
available on line at http://www.erox.com/. The statements in this
news release may contain forward-looking statements that involve
risks and uncertainties that could cause results to differ from
predicted results. Further information on factors that could affect
the Company's results is detailed in the Company's annual report to
shareholders on Form 10-KSB for the year ended December 31, 2006,
as filed with the Securities and Exchange Commission. The Company
undertakes no obligation to publicly release the result of any
revisions to these forward-looking statements. DATASOURCE: Human
Pheromone Sciences, Inc. CONTACT: William P. Horgan, Chairman, CEO
of Human Pheromone Sciences, Inc., +1-408-938-3030 Web site:
http://www.erox.com/
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