GREYSON INTERNATIONAL, INC (GYSN.PK) announced today that the Company has acquired Damage Control Technologies, Inc., owners of Trilexon™, a state-of-the-art, patent pending delivery system designed to improve effectiveness of skin-care, hair-care and other topical applications. Damage Control Technologies will become a wholly owned subsidiary of Greyson International effective April 16, 2008. With the acquisition, Greyson International retains the services of Charles Fox, a renowned independent consultant to the cosmetic and toiletry industry.
Greyson International, Inc., which commenced business in October 1997, is a developmental stage company that markets health and beauty aid products including six skin-care products in the Aspirations by Jennifer Greyson™ line.
“Damage Control Technologies is an excellent strategic addition to Greyson’s business focus,” said Greyson International President and CEO Harvey Tauman. “Through this acquisition we bring together two companies with similar goals to bring a revolutionary delivery system to the drug, cosmetic and toiletry industries. Our combined companies offer a history of exceeding client expectations and breaking sales records through our advanced formulas and products.”
Charles Fox joins Greyson International as the Head of Research and Development, and will be a member of Greyson’s board of directors. A former board member of Damage Control Technologies, Fox brings an astounding level of expertise and knowledge to Greyson. The Former Director of Product Development for the Personal Products Division of Warner-Lambert Company, now owned by Pfizer (NYSE:PFE), Fox has several patents to his name and has contributed to numerous industry publications as an expert chemist. He is a past recipient of the Cosmetic Industry Buyers and Suppliers Award and Society of Cosmetic Chemists Medal Award. He has served as President of the Society of Cosmetic Chemists.
“I am thrilled to work with Greyson International and introduce the Trilexon™ system to clients in the drug, cosmetic and toiletry industries as a new delivery method to improve effectiveness of virtually every topical application on the market today,” said Fox.
“I am excited that Mr. Fox will be joining Greyson as the Head of Research and Development,” said Tauman. “He brings tremendous industry experience and business leadership to the company that we expect will launch Greyson to a new level.”
With the acquisition of Damage Control Technologies, Tauman is disclosing Greyson International’s business plan, which details the company’s long-term vision.
“Greyson International’s business plan has two components,” said Tauman. “One is to market our products through short- and long-form infomercials, in magazine advertisements, catalogs, retail and prestige stores, as well as on the Internet and television shopping channels. The other is to enter the royalty division of business and effectively license Trilexon™ to clients in the drug, cosmetic and toiletry industries, upon which Greyson will retain a percentage of sales from products utilizing the Trilexon™ delivery system.”
Greyson International’s two-fold business plan will allow the company to increase brand awareness, consumer loyalty, market share and revenue through sales and royalties of Greyson products and the Trilexon™ system, while revolutionizing the effectiveness of topical applications worldwide.
This release contains information about management’s view of our future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with our financial condition, our ability to sell our products and our ability to compete with competitors. We encourage you to review other factors that may affect our future results on any current or future documents we file periodically with the Securities & Exchange Commission.
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