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SCOLR Pharma Announces Unaudited Net Sales of Nutritional Products
Date:6/20/2012

BOTHELL, Wash., June 20, 2012 /PRNewswire/ -- SCOLR Pharma, Inc. (PINK: SCLR) today reported unaudited net sales of its nutritional products for the fourth quarter and year ended December 31, 2011 and the first quarter ended March 31, 2012. 

Unaudited net sales of nutritional products were $252,000 for both the fourth quarter and year ended December 31, 2011.  Unaudited net sales of nutritional products were $454,000 for the first quarter ended March 31, 2012. 

SCOLR announced the first shipments of its nutritional products in December 2011 and did not record net sales of nutritional products for the first three quarters of 2011.  SCOLR's products, which are based on the Company's proprietary CDT® Controlled Delivery Technology platform, are sold directly to retailers in the mass consumer products channel and are available to consumers under private label and the SCOLR® CDT® brand-name.  

Stephen Turner, President and CEO of SCOLR, said: "We are gratified to see our direct sales and marketing efforts begin to generate revenues and repeat sales.  We are working with retailers to expand the number and type of products available to consumers and we hope to continue the current momentum into the remainder of this launch year.  The proceeds of our recently closed financing will be used primarily to fund inventory and promotional needs in support of these efforts. We will continue to focus on our short term goal of profitably growing and stabilizing our nutritional business, while preparing for the eventual commercialization of our ibuprofen product."

SCOLR recently announced the closing of a private placement financing in which it raised gross proceeds of $1.35 million through the sale of its 8% Secured Convertible Debentures due June 2013. 

About SCOLR Pharma:

Based in Bothell, Washington, SCOLR Pharma, Inc. is a specialty pharmaceutical company focused on a
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SOURCE SCOLR Pharma, Inc.
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