14.08.2008 01:30:00
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Encorium Group Schedules Second Quarter Financial Results and Conference Call
Encorium Group, Inc. (Nasdaq: ENCO), a global clinical research
organization in the design, development, and management of complex
clinical trials and patient registries for many of the world's leading pharmaceutical and biotechnology companies, announced today that it
will issue its financial results for the second quarter of 2008 on
Thursday, August, 14, 2008 after the close of the stock market, with an
accompanying conference call on Friday, August, 15, 2008 at 11:00 A.M.
ET.
To participate in the live call by telephone, please dial (866)
550-5902, or for international callers, please dial (706) 643-2029.
Those interested in listening to the conference call live via the
Internet may do so by visiting the Company’s
Web site at www.encorium.com, or
by clicking the following link:
http://investor.shareholder.com/media/eventdetail.cfm?mediaid=
32423&c=ENCO&mediakey=8790541967DDEB50796E120C389FA3E7&e=0
(Due to its length, this URL may need to be copied/pasted into your
Internet browser's address field. Remove the extra space if one exists.)
Please go to the Web site 15 minutes prior to the scheduled start to
register, download, and install any necessary audio software.
About Encorium Group, Inc.
Encorium Group, Inc. is a global clinical research organization
specializing in the design and management of complex clinical trials and
Patient Registries for the pharmaceutical, biotechnology and medical
device industries. The Company’s mission is to
provide its clients with high quality, full-service support for their
biopharmaceutical and medical device development programs. Encorium
offers therapeutic expertise, experienced team management and advanced
technologies. The Company has drug and biologics development as well as
clinical trial experience across a wide variety of therapeutic areas
such as infectious diseases, cardiovascular, vaccines, oncology,
diabetes endocrinology/metabolism, gene therapy, immunology, neurology,
gastroenterology, dermatology, hepatology, women’s
health and respiratory medicine. Encorium believes that its expertise in
the design of complex clinical trials, its therapeutic experience and
commitment to excellence, and its application of innovative
technologies, offer its clients a means to more quickly and cost
effectively move products through the clinical development process.
Encorium is headquartered in Wayne, Pennsylvania with its European base
of operations in Espoo, Finland. The Company has a geographic footprint
that includes over one billion people in North America,
Western/Central/Eastern Europe, Scandinavia, and the Baltics.
This press release contains forward-looking statements identified by
words such as "estimate,” "project,” "expect,” "intend,” "believe,” "anticipate” and
similar expressions. Actual results might differ materially from those
projected in, expressed in or implied by the forward-looking statements.
Potential risks and uncertainties that could affect the Company's future
operating results and financial condition generally include, without
limitation: (i) our success in attracting new business and retaining
existing clients and projects; (ii) the size, duration, and timing of
clinical trials we are currently managing may change unexpectedly; (iii)
the termination, delay or cancellation of clinical trials we are
currently managing could cause revenues and cash-on-hand to decline
unexpectedly; (iv) the timing difference between our receipt of contract
milestone or scheduled payments and our incurring costs to manage these
trials; (v) outsourcing trends in the pharmaceutical, biotechnology and
medical device industries; (vi) the ability to maintain profit margins
in a competitive marketplace; (vii) our ability to attract and retain
qualified personnel; (viii) the sensitivity of our business to general
economic conditions; (ix) other economic, competitive, governmental and
technological factors affecting our operations, markets, products,
services and prices; (x) announced awards received from existing and
potential customers are not definitive until fully negotiated contracts
are executed by the parties; and (xi) our backlog may not be indicative
of future revenues and may not generate the revenues expected. You
should not place any undue reliance on these forward looking statements
which speak only as of the date of this press release. Additional
information concerning factors that might affect our business or stock
price which could cause actual results to materially differ from those
in forward-looking statements is contained in Encorium Group's SEC
filings, including its Annual Report on Form 10-K for the year ended
December 31, 2007 and other periodic reports under the Securities
Exchange Act of 1934, as amended, copies of which are available upon
request from Encorium Group's investor relations department or The
Equity Group, Inc.
In addition, this press release contains forward-looking statements
regarding the potential acquisition of Prologue Research International
and the combination with Fine Success Investments, Ltd., a British
Virgin Islands company doing business as Linkcon ("Linkcon”).
Those statements involve risks and uncertainties and the actual effects
of the transactions could differ materially from those discussed.
Factors that could cause or contribute to such differences include, but
are not limited to: (i) the timing of the closing, if any, of the
acquisition of Prologue and the combination with Linkcon; (ii) the
completion to our satisfaction of due diligence regarding both Prologue
and Linkcon; (iii) the acquisition by us of a fairness opinion relating
to the purchase price for Linkcon; (iv) our ability to negotiate
definitive agreements with Prologue and Linkcon; (v) Linkcon’s
ability to enter into definitive agreements with the CRO entities to be
acquired by Linkcon and Linkcon’s ability to
complete those transactions pursuant to the existing non-binding term
sheets; (vi) Chardan’s ability to raise
capital for investment in the combined entity; (vii) our ability to
obtain the required corporate, stockholder and, if applicable,
third-party and governmental approvals; (viii) the possibility that the
transaction may not close; (ix) our ability to negotiate mutually
acceptable employment arrangements with key employees of Prologue and
Linkcon; (x) our ability to successfully integrate the businesses of
Prologue and Linkcon; and (xi) the performance of the combined business
to operate successfully and generate growth.
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