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Encorium Group, Inc. Announces Terms of Proposed Rights Offering
Date:8/23/2010

WAYNE, Pa., Aug. 23 /PRNewswire-FirstCall/ -- Encorium Group, Inc. (Nasdaq: ENCO), a full service multinational clinical research organization (CRO) conducting studies in over 30 countries for many of the world's leading pharmaceutical and biotechnology companies, today announced that it intends to commence a rights offering for up to 3,401,151 shares of its common stock.

Under the rights offering, each stockholder of record as of August 11, 2010 will receive, at no charge, one non-transferable subscription right for each share of the Company's common stock owned on August 11, 2010.  In addition, a holder of one of the Company's warrants is receiving rights on a substantially similar basis.  Each right will entitle the holder to purchase one share of the Company's common stock at the subscription price of $1.75 per share, which is referred to as the basic subscription right.  If a holder fully exercises all of its basic subscription rights, and other holders do not fully exercise their basic subscription rights, such holder will be entitled to exercise an oversubscription privilege to purchase a portion of the unsubscribed shares at the same price of $1.75 per share, subject to proration and subject, further, to reduction under certain circumstances.

Rights offering materials, including a Prospectus and other items necessary to exercise the rights, will be mailed on or about August 25, 2010 to eligible stockholders, subject to the effectiveness of the registration statement.  The Prospectus will contain important information about the rights offering, and stockholders are urged to read the Prospectus carefully when available.  Any questions about the rights offering may be directed to Alliance Advisors, LLC, our information agent for the rights offering, at 866-458-9858.

The subscription rights will be exercisable until 5:00 p.m. New Yo
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SOURCE Encorium Group, Inc.
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