NEWS Release
New Director and Chairman
of the Board Appointed
Date: April 18, 2005
Toronto Stock Exchange
Trading Symbol: WXI
http://www.wexpharma.com
E-mail: wex@wexpharma.com
Vancouver,
BC (April 18, 2005) -
WEX Pharmaceuticals Inc. ("WEX" or the "Company")
is pleased to announce the appointment of Mr. Guang Luan as Director
and Chairman of its Board of Directors. Mr. Luan has been
involved in numerous successful real estate developments and is
an investor and the co-coordinator of a syndicated US$50 million
bond fund in the United States. He is also the Chairman and
CEO of Beijing Fushuntai Investment Management Co. Ltd., a private
investment company that makes strategic investments in various international
ventures and has been a director of several public companies over
the past 10 years.
Mr.
Luan is a significant shareholder of the Company and brings to the
Board his extensive business experience and commitment to achieve
WEX's strategic plan to commercialize its products in the most expeditious
manner.
About WEX Pharmaceuticals
Inc.
WEX Pharmaceuticals Inc.
is a company dedicated to the discovery of new therapeutic agents
for the treatment of moderate to severe pain, symptom relief associated
with addiction withdrawal from opioid abuse, and medicines designed
for local and regional anaesthesia. The Company's principle
business strategy is to derive drugs from naturally occurring toxins
and develop proprietary products for the Global market. The
Company's Chinese subsidiary sells generic products manufactured
at its facility in China and are expanding its marketing efforts
in the rest of Asia.
Forward Looking Statements
This News Release contains
forward-looking statements which may not be based on historical
fact. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause the actual results, events or developments
to be materially different from any future results, events or developments
expressed or implied by such forward-looking statements. These
factors should be considered carefully and readers are cautioned
not to place undue rel ian ce on such forward-looking statements.
The company disclaims any obligation to update any such factors
or to publicly announce the result of any revisions to any of the
forward-looking statements contained herein to reflect future results,
events or developments.
For additional information on our products, visit us at www.wexpharma.com
or call Don Evans or Gordon Stanley, Corporate Communications
at 604-683-8880 or 1-800-722-7549.
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