Skinvisible, Inc. (OTCBB: SKVI) See StockGuru SKVI Profile
Skinvisible put out a very important press release yesterday. Most importantly, I take this away:
Skinvisible Should Be Profitable in 2010
Yesterday’s press release: This is the news the clear indication that SKVI is moving up. We saw SKVI move UP 25% and that is not surprising.
$1.5M in Licensing Fees Will Be Paid in Milestones from an incredibly solid firm with business in Europe and CHINA: RHEI.
There are two new agreements with RHEI which represent $1.5 million in licensing fees and – additional – on-going royalties on product sales for Skinvisible.
And this means within the next twelve months as RHEI launches the products.
What this means is that SKVI which has a overhead of less than $100,000/month is now cash flow positive for the next year.
When you couple this with royalty and polymer income on products already licensed and SKVI should be profitable in 2010 – the first year since our beginning. In addition we continue to work on other new licensing opportunities.
RHEI Pharmaceuticals HK Ltd. is a Hong Kong based pharmaceutical company and a subsidiary of Luxembourg-based Leeward Ventures SICAR SCA, have entered into an exclusive licensing agreement for the commercial / institutional rights for DermSafe® Hand Sanitizer for Europe and China. The agreement follows the previously announced July 13th licensing agreement with RHEI for three skincare products including an adult incontinence cream, barrier cream and super moisturizer.
Profitability is the beginning of very good things for SKVI and its shareholders. This is a keeper.
Let’s all keep watching this one!
6320 S. Sandhill Road, Suite 10
Las Vegas, Nevada, 89120 U.S.A.
About Invisicare: Invisicare is Skinvisible’s patented polymer delivery system that offers life-cycle management and unique enhancements for topically delivered products. It is a combination of hydrophilic and hydrophobic polymers that hold active ingredients on the skin for extended periods of time resisting both wash off and perspiration. Invisicare can control the release of actives, reduce irritation and can eliminate some costly manufacturing processes. It is non-occlusive and allows for normal skin respiration while protecting against environmental irritants. www.invisicare.com
About Skinvisible Pharmaceuticals, Inc.
Skinvisible is a research-and-development company that licenses its proprietary formulations made with Invisicare, its patented polymer delivery system that offers life-cycle management and unique enhancements for topically delivered products. Invisicare holds active ingredients on the skin for extended periods of time resisting both wash off and perspiration along with controlling the release of actives and reducing irritation. Skinvisible receives a combination of research and development fees, license fees, and royalties for the life of the patent. Skinvisible’s value also lies in its ability to continually generate new IP on topical products formulated with Invisicare.
Forward Looking Statements: Certain statements, other than purely historical information, including estimates, projections, statements relating to SKVI business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements generally are identified by the words “believes,” “project,” “expects,” “anticipates,” “estimates,” “intends,” “strategy,” “plan,” “may,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. We intend such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including this statement for purposes of complying with those safe-harbor provisions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. SKVI’s ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse affect on our operations and future prospects on a consolidated basis include, but are not limited to: changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Further information concerning our business, including additional factors that could materially affect our financial results, is included herein and in other filings with the SEC.
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