 |
|
|









|
PROCYTE EXPANDS ASIA-PACIFIC DISTRIBUTION
Redmond, Wash.—September 21, 2004—ProCyte Corporation (OTCBB: PRCY.OB),
today announced
the expansion of its international distribution network for its skin
care and hair care products with the addition of five companies in the
Asia-Pacific market over the past several months. The new distributors
are located in Taiwan, Hong Kong, Korea, Malaysia and Australia. This
is a significant expansion in international coverage for the ProCyte
medical, spa and consumer products in the dynamic $11.2 billion, growing
markets for anti-aging and skin care products. In 2001, the
Asia-Pacific skin care markets accounted for over 37% of all skin care
sales worldwide. Skin whitening products are highly desirable in Asian
countries and account for a major portion of skin care sales. ProCyte’s
GHK copper peptide has been shown in clinical studies to brighten the
skin and even out skin tone without irritation.
Additionally,
ProCyte’s top-selling Ti-Silc® SPF 45 product currently holds
certification from the Australian Photobiology Testing Facility for
broad spectrum sun protection. According to Global Cosmetic Industry
magazine, the sun care market in the Asia Pacific market in 2002 was
$324.4 million with a growth rate of 8% and the Australian market was
$43.5 million with a growth rate of 13.3%.
“We will begin to
generate revenue from these distributors in the third quarter and expect
volumes to increase over the next several quarters as product
registrations are completed in each country and promotional programs are
implemented,” said Jack Clifford, President and CEO. “These
distributors are in addition to new distribution we added recently in
Latin America, which is growing very nicely.”
ProCyte Corporation develops and markets products based on its patented,
clinically proven Copper Peptide technology for skin health, hair care
and wound care. The Company sells directly to dermatologists, plastic
and cosmetic surgeons, spas and salons and through licenses with
strategic partners into the consumer market, including its long-term
worldwide license agreement with Neutrogena®, a Johnson &
Johnson company. ProCyte brands include Neova®,
VitalCopper™,
Simple Solutions®
and AquaSanté®
Skin Care products; Complex Cu3®
Post-Procedure Skin Care; GraftCyte®
Hair Transplant Care; and Tricomin®
Advanced Care for Thinning Hair. The Company also has the exclusive
distribution rights for Cutanix Corporation’s Quadrinone®
technology in the U.S., Canada and Puerto Rico. Additional information
is available by visiting the Company’s website at www.procyte.com.
###
This release may contain forward-looking statements relating to the
research, development, commercialization, production, marketing and
distribution of the Company's products and future operating results,
which are subject to certain risks and uncertainties that could cause
actual results to differ materially from those projected.
The
words “believe,” “expect,” “intend,” “anticipate,” variations of such
words, and similar expressions
identify forward-looking statements, but their absence does not mean
that the statement is not forward-looking. These statements are not
guarantees of future performance and are subject to certain risks,
uncertainties and assumptions that are difficult to predict. Factors
that could affect the Company’s actual results include its ability to
develop, commercialize and produce new products; the market acceptance
of existing and potential future products; the availability, cost and
timely delivery of materials and services from and performance of
third-party suppliers, manufacturers, distributors, licensees and other
collaborative partners; the satisfaction of regulatory requirements, and
the receipt, timing, terms and conditions of required regulatory
approvals. Reference is made to the Company’s Annual Report on Form
10-K for the year ended December 31, 2003 and its latest quarterly
report on Form 10Q filed with the Securities and Exchange Commission for
a more detailed description of such factors. Readers are cautioned not
to place undue reliance on these forward-looking statements, which speak
only as of the date of this release. The Company undertakes no
obligation to publicly update any forward-looking statement to reflect
new information, events or circumstances after the date of this release
or to reflect the occurrence of unanticipated events.
|
|
|
|