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PuraMed BioScience®, Inc. Reports Increased Revenue From Sales of LipiGesic® M, Its Flagship Migraine Pain Relief Product
Date:2/15/2012

SCHOFIELD, Wis., Feb.15, 2012 /PRNewswire/ -- PuraMed BioScience®, Inc. (OTC Bulletin Board: PMBS), the producer of over-the-counter medicinal and healthcare products, announced today its financial results for the second quarter ended December 31, 2011 in conjunction with the publication of its quarterly 10Q SEC filing.

PuraMed BioScience reported net revenues for the three months ended December 31, 2011 of $608,676 compared to $1,869 for the same three month period ended December 31, 2010. The increase in revenue was primarily generated from initial orders of their unique, non-prescription migraine product, LipiGesic® M, by Walgreens, the #1 drug-store chain in the country.

For this same period, PuraMed BioScience also reported gross profits of $490,581 compared to $1,116 for the same three month period ended December 31, 2010. As a result of the rapid expansion into 15,000 stores and the associated increased advertising costs, the Company had a negative working capital (current assets minus current liabilities), as of December 31, 2011.  The Company is actively seeking additional capital to accomplish its planned business strategy and support its projected expenses.

"The revenue received from the successful roll-out of our product at national retail drug stores will play a key role in fulfilling our capital needs," said Sue Baacke, CFO of PuraMed BioScience. "The earnings demonstrated during the last quarter of 2011, indicate the Company's ability to satisfy operating expenses associated with the roll-out of LipiGesic M. As liabilities are addressed, we will continue to build equity for our shareholders as we expand the market presence of LipiGesic M."

According to PuraMed BioScience CEO Russell Mitchell, "This quarter represents an important milestone
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SOURCE PuraMed BioScience, Inc.
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