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PanGenex Corp. (PGCX) Provides Investor Update; Engages Phillips Sales & Marketing

|Includes: Virtual Sourcing, Inc. (PGCX)

On Friday after the closing bell, PanGenex told investors that it is ready to launch a comprehensive marketing plan that will include a viral internet strategy, as well as engaging firms that have proven reach to retail outlets. The company has invested millions of dollars in developing its products which target soft tissue calcification.

Today that news was followed up by an announcement that reported PanGenex has engaged Philips Sales & Marketing, Inc. (PSM) as its agent to sell its products through mail order catalogs, small chain stores including independent health food stores and pharmacies as well as three of the nation’s largest drug store chains. PSM has also committed to providing marketing and advertising services for the company.

“We are excited to work with PSM because of their extensive experience in marketing and distributing nutraceutical products to the nation’s largest pharmacy retailers,” commented John Stanton, Chairman of PanGenex.

Brett Phillips, President of Phillips Sales & Marketing stated, “We are very impressed with PanGenex’s line of quality products and the professional staff they have assembled to supply our pipe line with cutting edge health products that should offer nutritional and health benefits to potentially millions of people not just in the U.S. but abroad as well.”

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