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Chem Rx to Present at Bear Stearns 20th Annual Healthcare Conference
Date:9/4/2007

t of the review by the SEC of the preliminary proxy statement, Paramount may be required to make changes to its description of Chem Rx's business or other information contained in the proxy statement.

Paramount, Chem Rx and their respective officers and directors may be deemed to be participants in the solicitation of proxies from Paramount's stockholders with respect to the transaction. More detailed information regarding the direct and indirect interests of Paramount, Chem Rx and their respective officers and directors in the proposed transaction are included in the proxy statement.

Contacts:

J. Jay Lobell

Chief Executive Officer & Secretary

Paramount Acquisition Corp.

(212)554-4522

jlobell@paramountbio.com

Stephanie Carrington / Elizabeth Scott

The Ruth Group

646-536-7017 / 7014

scarrington@theruthgroup.com

escott@theruthgroup.com


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SOURCE Paramount Acquisition Corp.
Copyright©2007 PR Newswire.
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