Biologix Hair Inc. Announces Formation of Three Corporate Governance Committees in Preparation for NYSE Market Listing
28 May 2013 - 11:15PM
Marketwired
Biologix Hair Inc. (OTCBB:BLGX)(OTCQB:BLGX) announces the formation
of three new corporate committees, in furtherance of the Company's
preparation to make application for NYSE Market listing for its
securities, as announced in a news release April 15, 2013
("Biologix Hair Inc. Retains Akerman Senterfitt; Company to Pursue
NYSE Market Listing"). The three committees, with links to each
committee's charter posted at BiologixHair.com, are as follows:
Audit Committee: The purpose of the Audit Committee is to assist
the Board with oversight of the integrity of the Company's
financial statements, compliance with legal and regulatory
requirements, the Company's independent registered auditors'
qualifications and independence, and the performance of the
Company's internal audit function and independent registered
auditors.
Committee Members: David G. Csumrik (Chair), Mark Maybank and
Ken Zadoorian.
Compensation Committee: The purpose of the Committee is to carry
out the responsibilities delegated by the Board relating to the
review and determination of executive compensation.
Committee Members: Wilhelm A. Keller (Chair), David G. Csumrik
and Mark Maybank.
Nominating Committee: The purpose of the Nominating Committee is
to carry out the responsibilities delegated by the Board relating
to the Company's director nominations process and procedures and
developing and maintaining the Company's corporate governance
policies.
Committee Members: Ken Zadoorian (Chair), Wilhelm A. Keller and
David G. Csumrik.
View the charters for all three committees:
http://www.biologixhair.com/investors/corporate-governance
Biologix Chairman Ron Holland stated, "We are working
diligently, in coordination with Akerman Senterfitt's guidance, to
meet the qualitative requirements necessary to apply for NYSE
Market listing. I appreciate the willingness of each of these
Company directors to support this effort. The formation of these
committees and publication of their charters, in keeping with the
Biologix Hair Inc. Transparency in Action business model, is a
significant step forward and we anticipate being able to make
application by the middle of July 2013."
About Biologix Hair Inc. and Biologix Hair Science Ltd.
Biologix Hair Inc. (Biologix Hair), together with its wholly
owned biotechnology subsidiary, Biologix Hair Science Ltd. (TM)
(BHS), is focused on realizing the full market potential for its
patent-pending hair loss formula - Biologix Revive - and its
demonstrated ability to prevent and reverse the effects of
alopecia, which plagues hundreds of millions worldwide.
Between mid-2004 and mid-2012, more than 30,000
pre-clinical-trial treatments of Biologix Revive were administered
to 5,000-plus patients in South America suffering with varying
degrees of alopecia, as well as people seeking preventive
treatment. The participating treatment clinicians subjectively
observed and reported that virtually 100% of preventive care
clients continued to retain their healthy hair and an estimated
80-85% of the males and 90-plus% of the females treated for hair
regeneration experienced significant regrowth of their own natural
hair. And among alopecia areata patients, virtually total hair
regrowth was observed in 100% of the cases. To date, no negative
side effects have been reported.
BHS is currently focused on obtaining FDA approval for its
breakthrough hair loss prevention and regeneration therapy and has
initiated a research and development program with one of the
world's leading medical research universities, the Beijing
Institute of Technology (BIT). The R&D program, expected to
take approximately twelve months to complete, is an important final
step before formal clinical trials and the FDA approval process
begins.
Additionally, on May 11, 2012, Venable LLC, the Washington-based
law firm overseeing the worldwide IP and regulatory approval
processes on behalf of BHS, filed a Patent Cooperation Treaty (PCT)
application on behalf of BHS for Biologix Revive in Geneva,
Switzerland. The PCT is an international treaty, administered by
the World Intellectual Property Organization (WIPO), to which 144
countries have as of now contracted, including Canada and the
United States.
Biologix management is determined to be in a ready position to
capitalize on the high-margin sales potential of the Biologix Hair
Therapy System(TM), if and when FDA and other major market
approvals are forthcoming.
As BHS advances the regulatory approval process, Biologix Hair,
together with wholly owned subsidiary companies operated by BHS,
are rapidly developing a global distribution network of licensed
clinicians and medical practitioners seeking to become Certified
Biologix Hair Therapists(TM) and secure exclusive territorial
purchasing and treatment rights for the Biologix Hair Therapy
System(TM).
Biologix Hair has decided not to risk creating any potential
regulatory conflicts by offering treatment outside the United
States and other major high-product-margin markets until FDA
approval has been granted. Therefore, the Biologix Hair Therapy
System(TM) is not yet available other than to the 5,000+ patients
who participated in the pre-clinical-trials conducted in South
America.
To learn more about Clinician Licensing opportunities, Click
Here: http://www.biologixhair.com/licensing/ or call toll free +1
855.737.0333 or +1 647.344.5900.
Disclaimer
This announcement is not an offer to sell any Biologix Hair Inc.
("Biologix") securities. Offers for any given security are made
only through applicable offering circulars and related documents
filed with the SEC pursuant to the Securities Act of 1933 or the
Securities Exchange Act of 1934. Certain statements contained
herein and subsequent oral statements made by and on behalf of
Biologix may contain "forward-looking statements". Such
forward-looking statements are identified by words such as
"intends", "anticipates", "believes", "expects" and "hopes" and
includes, without limitation, the development of treatment centers
and approval from regulatory authorities. Forward-looking
statements express our expectations or predictions of future events
or results. They are not guarantees and are subject to many risks
and uncertainties. There are a number of factors beyond our control
that could cause actual events or results to be significantly
different from those described in the forward-looking statements.
Any or all of our forward-looking statements in this report or in
any other public statements we make may turn out to be wrong. We
undertake no obligation to publicly update or review any
forward-looking statements, whether as a result of new information,
future developments or otherwise. In Canada, Europe and the United
States, the Biologix treatment is not approved for use by Health
Canada, EMA or the FDA. The company makes no representations that
it will receive Health Canada, EMA or FDA approvals.
Contacts: Biologix Hair Inc. Corporate Communications Toll Free:
+1.855.292.8585 or +1
647.494.8001CorporateCommunications@BiologixHair.com
www.BiologixHair.com
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