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Hearing Scheduled in the Delaware Court of Chancery for August 27, 2007 to Establish the Valid Approval and Consummation of the Merger Between PharmAthene, Inc. and Healthcare Acquisition Corp.
Date:8/19/2007

location where the hearing will be conducted, as well as the address to which any objections are to be delivered, is as follows:

Delaware Court of Chancery

New Castle County Courthouse

500 North King Street

Wilmington, DE 19801

Copies of any written objections should also be served on the following attorneys of record in the pending action:

John L. Reed, Esq.

Edwards Angell Palmer & Dodge LLP

919 N. Market Street, 15th Floor

Wilmington, DE 19801

(302) 777-7770

Counsel for the Plaintiff

Christopher A. Selzer, Esq.

McCarter & English, LLP

405 N. King Street

Wilmington, DE 19801

(302) 984-6300

Counsel for PharmAthene

Additional Information

PHARMATHENE CLAIMS THE PROTECTION OF THE SAFE HARBOR FOR "FORWARD- LOOKING STATEMENTS" WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. FORWARD-LOOKING STATEMENTS ARE STATEMENTS THAT ARE NOT HISTORICAL FACTS. SUCH FORWARD-LOOKING STATEMENTS, BASED UPON THE CURRENT BELIEFS AND EXPECTATIONS OF MANAGEMENT OF PHARMATHENE REGARDING, AMONG OTHER THINGS, THE POTENTIAL DETERMINATIONS BY A COURT OF CHANCERY IN DELAWARE AS TO THE VALIDITY OF THE APPROVAL OF THE MERGER, WHICH CANNOT BE PREDICTED WITH CERTAINTY. NO ASSURANCES CAN BE GIVEN THAT OTHER PARTIES WILL NOT OPPOSE CONFIRMATION OF SUCH VALIDITY. IN THE EVENT THAT THE DELAWARE COURT OF CHANCERY DOES NOT AFFIRM SUCH VALIDITY, PHARMATHENE COULD BE REQUIRED TO LIQUIDATE ANY FUNDS THEN HELD IN TRUST. THIS PROCEEDING WILL NOT AFFECT THE DISTRIBUTION OF THE TRUST FUND TO STOCKHOLDERS W
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SOURCE PharmAthene, Inc.

Copyright©2007 PR Newswire.

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