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Human Pheromone Sciences, Inc. - Shareholder Update
Date:10/27/2008

ny has existing relationships and

agreements with worldwide leaders in the consumer products industry, is in

discussions with other international companies for the use of our

technology, looking to expand our relationships to provide a more

consistent stream of revenues, and has a pipeline of additional compounds

that can offer patented differentiation. And, importantly, our cash

assets exceed our current market valuation, and we have no

interest-bearing debt.

Thank you for interest and support. Please do not hesitate to contact me

directly if you have any questions.

Sincerely,

William P. Horgan

Chairman and CEO

408-938-3030


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SOURCE Human Pheromone Sciences, Inc.
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