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Encorium Group, Inc. Acquires Progenitor International Research, a Vaccine Focused Emerging Market CRO
Date:7/19/2010

sh-on-hand to decline unexpectedly; (iv) the timing difference between our receipt of contract milestone or scheduled payments and our incurring costs to manage these trials; (v) outsourcing trends in the pharmaceutical, biotechnology and medical device industries; (vi) the ability to maintain profit margins in a competitive marketplace; (vii) our ability to attract and retain qualified personnel; (viii) the sensitivity of our business to general economic conditions; (ix) other economic, competitive, governmental and technological factors affecting our operations, markets, products, services and prices; (x) announced awards received from existing and potential customers are not definitive until fully negotiated contracts are executed by the parties; (xi) our backlog may not be indicative of future results and may not generate the revenues expected; (xii) uncertainties regarding the availability of additional capital; (xiii) uncertainties regarding the execution of change orders by our clients for work already performed; (xiv) uncertainties regarding continued listing of our common stock on Nasdaq; (xv) our ability to successfully integrate Encorium and Progenitor, and (xvi) the risk that we may not have sufficient funds to operate our business. You should not place undue reliance on any forward-looking statement. We undertake no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated events. Please refer to the section entitled "Risk Factors" in the Company Annual Report on Form 10-K for the year ended December 31, 2009 and the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2010.


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