Lacey, WA – August 22, 2006: Peter Hafermann, CEO Aloecorp and Regan Miles, CEO Unigen Pharmaceuticals have been elected to join the Board of Directors of ECONET, Inc., the parent company for Unigen Pharmaceuticals, Inc., Aloecorp, Inc. and Univera LifeSciences, Inc.
“ECONET has a long term vision that requires a global view and understanding, not only of how our own companies interact with each other and other businesses, but also how we can impact the future health of the world’s people.” said Board Chairman, Bill Lee. “The team we have put together is up to the challenge, and we are all pleased about the experience and capabilities Regan and Peter bring to the table.”
“Being a board member gives me the ability to represent Unigen Pharmaceuticals as the R&D engine of the ECONET’s product pipeline, as well as help direct the future of broader global expansion,” said Miles. “It is an impressive and talented group of executives backed with the resources and execution teams to achieve significant business success.”
“My election to the Board offers the opportunity to best service the interests of Aloecorp, while contributing to the overall success of the ECONET- a solid group of companies focused on taking natural healthcare to the next level globally”, said Hafermann. “I am extremely excited about this opportunity and Aloecorp’s ability to play a significant role in the ECONET’s global expansion.”
Other ECONET Board members include: Derek Hall, Vice Chairman and CEO, HY Sung, President and Chief Financial Officer, Thomas J. Hoolihan, Executive VP & General Counsel, KS Yoon, Chief Strategy Officer and Stuart Ochiltree, CEO Univera Life Sciences.
About the ECONET Family of Companies
ECONET, Inc. is part of a global family of health and natural product companies with operations in the United States, South Korea, Russia, China and Mexico. Unigen Pharmaceuticals, Inc. (www.unigenpharma.com) is a leading research and development company and proprietary ingredients supplier of therapeutic botanicals for the pharmaceutical, nutraceutical and cosmetic industries. Aloecorp, Inc. (www.aloecorp.com) is the world’s leading vertically integrated fine ingredient Aloe vera supplier and manufacturer with operations in Texas, Mexico and China that focus on scientific methodology which guarantees product quality, purity, potency and biological activity supported by published, peer-reviewed studies. Univera LifeSciences, Inc. (www.univeralifesciences.com), is the world’s leading healthy aging relationship marketing company supported by full-scale genomic, proteomic and biological research capabilities vertically integrated through technology and manufacturing capabilities.
Contact: Susan Haeger
VP Corporate Communications
& Governmental Affairs
(360) 486-8300, ext. 1030