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Encorium Group, Inc. Extends Expiration of Its Pending Rights Offering
Date:10/1/2010

.  In addition, a holder one of the Company's warrants had received rights on a substantially similar basis.  Each right entitles 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.

Assuming full participation in the rights offering, Encorium estimates that the net proceeds from the offering would be approximately $5.9 million, which includes the conversion of the promissory notes.  Encorium intends to use the proceeds to repay outstanding indebtedness and to support working capital.

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

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

NASDAQ Listing

The Company is currently listed on The NASDAQ Capital Market.  On August 25, 2009, the Company received a letter from The NASDAQ Stock Market notifying the Company that, base
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SOURCE Encorium Group, Inc.
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Related medicine technology :

1. Encorium Group, Inc. Provides Update on Its Previously Announced Rights Offering
2. Encorium Group, Inc. Announces Terms of Proposed Rights Offering
3. Encorium Reports Second Quarter 2010 Financial Results
4. Encorium Group, Inc. Acquires Progenitor International Research, a Vaccine Focused Emerging Market CRO
5. Encorium Re-Appoints Dr. Kai Lindevall as Chief Executive Officer and Appoints Current Director, Shahab Fatheazam, Chairman of the Board
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7. Encorium Group Provides Update to LOI with Respect to the Sale of its U.S. Business
8. Encorium Announces the Initiation of a Strategic Partnership With Prologue Research After the Postponement of Negotiations Regarding Its Planned Acquisition; Strategic Reorganization and Cost Reduction Plan Initiated as Strategic Alternatives are Investig
9. Encorium Group Signs $6.2 Million of New Contracts Mainly for Vaccines Clinical Trials
10. Hanger Orthopedic Group, Inc. Announces Third Quarter 2010 Earnings Release Conference Call
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