News Release
Research Facility Passes Inspection
Date: November 30, 2000
CDNX Trading Symbol: WXI
World Wide Web: http://www.wextech.ca
E-mail: wex@wextech.ca
International Wex Technologies Inc. (the "Company") is pleased to
announce that its subsidiary, Nanning Maple Leaf Pharmaceutical Co,
Ltd., its manufacturing and research facility in P.R.C., has recently
been inspected by the Chinese authority which regulates licenses for the
pharmaceutical manufacturing industry. Our facility has been qualified
to renew its license for the production of pharmaceutical products.
This is most important to the firm, as it will allow us to manufacture
our drug substance and drug product during our entry into phase 1(a)
clinical trials in Canada. The Company is waiting for comment from
Health Protection Branch Canada (HPB) as to the result of their review
on the Company's Investigational New Drug application and expects the
results in the 1st half of December, 2000.
Tetrodin has been developed by the Company primarily as a treatment for
the symptoms associated with withdrawal from all opiate addictions
such as morphine, opium, heroin and methadone. It is a non-narcotic
pharmaceutical that has proven to be safe and effective and functions
well in both primary withdrawal treatment and abstinence maintenance
(longer term use) of drug addiction. The Company has also begun tests
on the usage of Tetrodin as a potent analgesic.
For additional information on Tetrodin(HT), view the IWT website at
http://www.wextech.ca or call Howard Milne , V. P. Shareholder
Communications, at 604-683-8880 or 1-800-722-7549.
Per:Donna Shum, Corporate Secretary
The Canadian Venture Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.
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