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Non-Toxic, Biological Anti-Mold & Mildew Product Distribution Agreement Signed by Pegasus’ New Distributor in Mexico

SOURCE:

Pegasus Pharmaceuticals Inc.

2008-07-16 11:44:00

Non-Toxic, Biological Anti-Mold & Mildew Product Distribution Agreement Signed by Pegasus’ New Distributor in Mexico

PALM BEACH GARDENS, FL–(EMWNews – July 16, 2008) – Pegasus Pharmaceuticals (PINKSHEETS: PGUZ) today announced that it has appointed and signed an agreement with

Tenax Corporation of California to distribute and sell its new,

laboratory-proven, biological anti-mold and mildew product in Mexico.

Tenax Corporation, through its wholly owned subsidiary in Mexico, will

market the product under the name “Doctor Mongo™.” The Company has

recently completed its market research and the various packaging formats

and designs for the Doctor Mongo brand product launch. (Please refer to the

Company website www.pegasusbiosciences.com for photos of the product

packaging.) Tenex has an excellent track record of launching and

distributing new products in Mexico for over ten years. And not only has

it built up a rapport with the Mexican Government, it has established

working relationships and distribution infrastructures with a large range

of retailers such as HEB Stores, Home Depot, Costco, SORIANA and many more.

Tenax will focus on all retail, commercial and professional markets for

Doctor Mongo™ product sales in Mexico.

Recent independent laboratory tests have proven that Doctor Mongo™

represents a breakthrough in mold control technology. The product

demonstrated a remarkable 100% efficiency (0% mold growth) over a 100-day

period and far outperformed four other leading U.S. anti-mold products. The

product’s active ingredients are non-toxic, biodegradable and are naturally

occurring. Doctor Mongo™ represents a new era in anti-microbial,

anti-fungal protection because it not only removes black mold infestation,

it also cleans and disinfects surfaces, preventing further mold spore

growth in residential, commercial or institutional applications.

For more information, please contact Paul Davey, Investor Services:

778-389-0915 or email: [email protected], or contact Daniel P.

Kesonen, Chairman & CEO, Pegasus Pharmaceuticals, Inc. at (561) 626-9901.

Pegasus Pharmaceuticals adheres to the statutes and provisions of the Safe

Harbor Act.

For more information, please contact:
Paul Davey
Investor Services:
(778) 389-0915
[email protected]

Daniel P. Kesonen
Chairman & CEO
Pegasus Pharmaceuticals Inc.
(561) 626-9901

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