This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

PuraMed BioScience, Inc. Retains Richard J. Berman As Investment Consultant

SCHOFIELD, Wis., Nov. 5, 2012 /PRNewswire/ -- PuraMed BioScience ®, Inc., (OTCQB: PMBS) developer of LipiGesic ®M, a clinically tested, highly effective migraine relief medication, is pleased to announce the addition of Richard J. Berman as investment consultant to its management team. Mr. Berman will be assisting the company in raising capital, promoting the company's stock and bringing opportunities for potential mergers and acquisitions.

Mr. Berman brings over 35 years of venture capital, senior management and merger and acquisitions experience. In the past 5 years, he has served as a director and/or officer of over a dozen public and private companies.

From 2006 through 2011, Mr. Berman was chairman of National Investment Managers, a company with $12 billion in pension administration assets. In 2012, he became vice chairman of Energy Smart Resources, Inc. Mr. Berman is also director of three public companies: Advaxis, Inc.; Neostem, Inc.; and Lustros, Inc., a Chilean company that is the leading manufacturer of non-toxic copper sulfate used to control bacterial and fungal diseases in crops, trees, vegetables and grains.

Mr. Berman also serves as director for five privately held companies: Vertical Search Works, Inc.; Energy Smart Resources, Inc.; Strategic Funding Source, Inc.; QuantumSphere, Inc.; and Founders Finance, LLC.

"We are pleased to welcome Richard Berman to our highly qualified management team," said Russell Mitchell, chairman and CEO of PuraMed BioScience. "Richard will be invaluable as we move forward with foreign licensing, domestic wholesale and retail distribution of LipiGesic M, our flagship, migraine-relief formulation and the planning and release of other LipiGesic products within the next 12 months. His expertise in investment and venture capital is highly esteemed in the industry."

A few of Mr. Berman's other accomplishments include: serving as Senior Vice President of Bankers Trust Company, where he started the mergers and acquisitions, and leveraged buyout departments; the merger of Prestolite, General Battery and Exide to form Exide Technologies (XIDE), the largest battery company in the world in the 1980s; and development of five buildings in New York City in the area now known as Soho. In addition, Mr. Berman has acted as a advisor on over $4 billion of merger and acquisition transactions, completing over 300 deals.

Mr. Berman recently was chairman and CEO of Easylink Services International, Inc. (Nasdaq: ESIC). He helped the company raise over $30 million. Easylink Services International provides B2B solutions for businesses to connect to their trading communities with revenues for fiscal year (July) 2012 expected to be on the order of $180 million and EBITA margins approaching $50 million. The company sold in July 2012 for $310 million.

Mr. Berman is also a past Director of the Stern School of Business of NYU where he obtained his BS and MBA. He also has US and foreign law degrees from Boston College and The Hague Academy of International Law, respectively.

About PuraMed BioScience ®, Inc.: PuraMed BioScience, Inc. engages in the research, development and marketing of non-prescription medicinal and healthcare products. PuraMed has completed a double blind placebo clinical trial for its leading product, LipiGesic®M, a sublingual acute treatment for the relief from migraine headaches, which was published in the top-tier medical journal, Headache. Please see the following link to view the abstract of that study. http://onlinelibrary.wiley.com/doi/10.1111/j.1526-4610.2011.01910.x/abstract. LipiGesic®M has national distribution and is available nationwide in some of the largest chain drug stores in the United States. In addition to LipiGesic® M, the Company also has plans to launch LipiGesic® H for tension-type headaches as well as LipiGesic® PM which provides a remedy for insomnia and other sleep disorders.

Forward-Looking Statements: This news release contains forward-looking statements regarding PuraMed BioScience, Inc., and its future business plans, which statements involve known and unknown risks and uncertainties. Such risks and uncertainties may cause actual results and future achievements of PuraMed BioScience to be materially different than those implied by these forward-looking statements. PuraMed BioScience has and undertakes no obligation to provide public updates and revisions to these forward-looking statements to reflect any changes in its expectations of future events.

Contact: PuraMed BioScience, Inc. Russell Mitchell, Chairman and CEO 715-359-6373 rmitchell@puramedbioscience.comProduct Website: www.lipigesic.comCorporate Website: www.puramedbioscience.com

SOURCE PuraMed BioScience, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,658.69 -24.89 -0.14%
S&P 500 2,067.75 -1.01 -0.05%
NASDAQ 4,965.1570 -26.7830 -0.54%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs