Ceapro Appeals on Litigation Management Focuses on Building Shareholder Value
EDMONTON, ALBERTA -- (MARKET WIRE) -- 07/22/08 -- Ceapro Inc. (TSX VENTURE: CZO). The remaining claims by Ceapro Inc against the Saskatchewan Government Growth Fund and Saskatchewan Government Growth Fund Management Corporation were dismissed. The Board of Directors reviewed the Reasons for Decision with counsel and instructed that an appeal be initiated. This has now been done.
Management is focusing fully on corporate objectives and running the business. Ceapro is pleased that sales are trending toward their highest level ever. Investments over the past years in R&D, marketing and strategic positioning of high-grade active ingredients for large and growing markets in the Cosmetics and Nutraceutical Industries should be paying off in the coming quarters. Partnerships, mergers and acquisitions, and joint-ventures should also play major roles in reaching Ceapro's potential.
About Ceapro Inc.
Ceapro Inc. is a Canadian growth-stage biotechnology company whose primary business activities relate to the development and production of organic products for medical, cosmetic and animal health industries using proprietary technology and natural, renewable resources. To learn more about Ceapro, visit www.ceapro.com
The TSX has neither approved nor disapproved of the information contained herein. This release may contain forward-looking statements. Various factors could cause actual results to differ materially from those projected in forward-looking statements. Although the Company believes that the forward-looking statements contained herein are reasonable, it can give no assurance that the Company's expectations are correct. All forward-looking statements are expressly qualified in their entirety by this cautionary statement.
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Released July 22, 2008