Navigation Links
Gamma Pharmaceuticals, Inc. Holds Special Shareholders Meeting
Date:7/11/2011

LAS VEGAS, July 11, 2011 /PRNewswire/ -- On July 9, 2011, Gamma Pharmaceuticals, Inc. (NASDAQ: GMPM.PK) ("Gamma" or the "Company") held a Special Shareholders Meeting (the "Meeting") as disclosed in the Company's press release dated June 21, 2011.  The June 21, 2011 press release invited shareholders to attend in person or by a special telephone link.  The meeting was held at the Bellagio Resort, Las Vegas NV.  The agenda for the meeting consisted of a management presentation by the Company's CEO and CFO and an opportunity for the Company's current investors to ask questions.  The meeting was attended by Company investors, and a telephone line was made available to those who were unable to attend in person. Management's presentation consisted of an operational and financial review of the past four years and outlined a plan to move the Company forward in the months and years ahead.  The Meeting was informational only, and no shareholder vote was taken on any issue. The principal operational highlight was the announcement that Gamma Gel product was now in the process of going on the shelves of a major Pharmacy chain in the New York metropolitan area. The financial review provided a general summary of cash expenditures versus money raised from investors, of which approximately $4,000,000 had been invested to date in the business.  As the Company's last Form 10-Q filing with the Securities and Exchange Commission was for the quarter ending September 30, 2009, certain financial information was disclosed subsequent to the Company's last Form 10-Q filing.  Specifically, the Company had arranged for a $150,000 revolving off-balance sheet factoring line with an existing investor to fund Company inventory and accounts receivable.  Approximately $30,000 had been drawn down on this line so far to pay for product manufacturing and shipping.  In addition, a Term Sheet has been arranged with an investor group for $1,400,000 in convertible debt financing.  Upon closing of this facility, it is intended that the first $200,000 will be used to bring current the Company's SEC filings, with the remainder of the line to be used to provide working capital.  Management stressed the fact that financing was now available to begin to bring the Company's products to market, and that Management and investors should be more interested in results on a monthly and quarterly basis than on longer range financial forecasts.  The Company undertook to host conference calls or webinars on a more frequent basis so that shareholders, potential investors and market participants will have greater visibility into the Company on a regular basis.  The Company also provided sample products to those attending the meeting.  Those wishing additional information on the Meeting may contact the Company's CFO, Joseph Cunningham at jcunningham@gammapharma.com or at (651) 204-2048.

About Gamma Pharmaceuticals Inc

Gamma Pharmaceuticals, Inc., (www.gammapharma.com) is a marketing and product formulation company selling its own branded products through wholesalers and direct to retailers, both in the US and internationally.  Gamma's core focus is the marketing and sale of vitamins and nutriceuticals, OTC pharmaceutical products and personal care products in the United States.  Branded nutritional supplements are sold under the trademarks Brilliant Choice™ nutritional supplements featuring the call to action "You've made a brilliant choice for your nutrition;"  SAVVY™  adult nutritional supplements featuring the call to action, "Be SAVVY Stay Healthy;" and,  Gamma Energy Products™ high performance supplements featuring the call to action, "Get your Gamma On."  Gamma's customer focus is on selling products in the Lifestyle of Health & Sustainability ("LOHAS") marketplace and in the Energy Supplement Market.  A series of innovative marketing programs supports Gamma's product sales and retail partners.  

At present Gamma manufactures in North America, and distributes in the United States.  Gamma's products utilize proprietary "Gel Delivery Technology®", to create innovative gel product forms; that give consumers a more pleasant experience.  Gel Delivery Technology® characteristics include rapid absorption, convenience and great taste.  Market categories Gamma targets are growing as rapidly as 60% per year.  Gamma has developed formulas and strategies for Metabolic Syndrome and Diabetes Type II, Stress Reduction, Cognition, Well being, Menopause Symptoms and Personal Care Products. Gamma also develops and manufactures house brands for major retailers.  At this time, Gamma has a total of 36 SKU's and holds licenses for 9 SKUs in China.

Forward-Looking Statements: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this Press Release regarding any impact the quotation of the Company's stock has on the Pink Sheets or the lack thereof on the OTCBB, and any other effects of the above are forward-looking statements. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. The Company cautions readers not to place undue reliance on any forward-looking statements. The Company does not undertake, and specifically disclaims any obligation, to update or revise such statements to reflect new circumstances or unanticipated events as they occur.

Contact: Gamma Pharmaceuticals, Inc.
Joe Cunningham, CFO (jcunningham@gammapharma.com)
Direct:  (651) 204 2048
Office:  (702) 989 5262


'/>"/>
SOURCE Gamma Pharmaceuticals, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Gamma Pharmaceuticals, Inc. Completes Sale and Books Revenue with National Pharmacy Chain
2. Elektas Leksell Gamma Knife Perfexion is Ranked 2011s Best in KLAS for Radiation Therapy
3. Devicor™ Medical Products, Inc. Agrees to Acquire Neoprobes Gamma Detection Devices
4. First-ever Gamma Knife in Paris Offers New Treatment Options for Patients With Cancer and Other Brain Disorders
5. Elekta Emphasizes Advantages of Leksell Gamma Knife Perfexion Over Competing Systems at 2011 AANS Meeting
6. MEDX Installs Two Next Generation T-Quest™ Compact Gamma Cameras
7. New Technologies Open the Door for Low Dose Breast-Specific Gamma Imaging (BSGI) / Molecular Breast Imaging (MBI)
8. Health Diagnostic Laboratory, Inc. (HDL, Inc.) Partners With Gamma Therapeutics to Offer Breakthrough Diagnostic Assay for Heart Attack and Stroke Risk
9. MedClean Technologies Signs Contract with Gamma HealthCare Inc./Danner Medical Waste for MedClean 4500 Fixed-Based System, Services, and Consumables
10. Elekta to Highlight Latest Gamma Knife Surgery Innovations at Annual Neurosurgery Conference
11. Worlds Tallest Man Stretches Out—Over Eight Feet—for Needed Gamma Knife Surgery
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/8/2016)... Feb.8, 2016 Alzheimer Diagnostic Tests - ... Medical Devices sector report , "Alzheimer Diagnostic ... an overview of Alzheimer Diagnostic Tests currently in ... on the pipeline products with comparative analysis of ... report reviews major players involved in the pipeline ...
(Date:2/8/2016)... Feb. 8, 2016 CBG Technologies, a ... Series Solvent Recycling Systems, specifically designed for precision ... with new and existing vapor degreasers, parts washers ... solvent through continuous recycling and recovers 100% of ... --> Precision parts manufacturers benefit ...
(Date:2/8/2016)... February 8, 2016 --> ... research report "Ablation Technologies Market by Product (Radiofrequency, Ultrasound, ... Management, Cosmetic Surgery, Ophthalmology, Gynecology) - Global Forecasts to ... market over the forecast period of 2015 to 2020. ... 2020, at CAGR of 10.5% from 2015 to 2020. ...
Breaking Medicine Technology:
(Date:2/8/2016)... ... ... has struggled to quit smoking, a man who has struggled with hair loss – Craig ... problems – and he did. Now Nabat, a serial entrepreneur featured as the October 2015 ... the world and better people's lives. His own experience with nicotine addiction led to the ...
(Date:2/8/2016)... ... February 08, 2016 , ... Tingley ... into Canada to provide its range of unique and advantaged protective solutions ... City that will provide bilingual customer service and marketing support. A new distribution ...
(Date:2/8/2016)... ... February 08, 2016 , ... Local insurance agency Dennis Fuller ... area, has initiated a fundraiser for a two year old little girl named ... Christmas. To support this beautiful child who is facing life’s journey without her ...
(Date:2/8/2016)... ... February 08, 2016 , ... Remember the old saying ... , According to Perry A~, author of “Calcium Bentonite Clay” the health benefits of ... in balancing and detoxifying the body. , A former motivational speaker, Perry A~ has ...
(Date:2/8/2016)... (PRWEB) , ... February 08, 2016 , ... Discover the ... visit over 1,400 booths and 700 companies. Attendees also get to see the ... Colorado Garden & Home Show , at the Colorado Convention Center - 700 ...
Breaking Medicine News(10 mins):