Regan Miles Promoted to CEO of Unigen Pharmaceuticals

Lacey, WA – July 24, 2006: Unigen Pharmaceuticals, Inc., leading research and development company of proprietary, biologically active plant-derived ingredients, named company veteran Regan D. Miles as Chief Executive Officer. Miles, who joined Unigen in April, 2002 was named President and Chief Operating Officer in August, 2005.

“Regan’s leadership of the company is a significant factor in our rapid growth,” said Derek Hall, Vice Chairman and CEO of Unigen’s parent company, ECONET, Inc. “As our achievements both with in the US and internationally keeps the management group in constant motion, Regan’s steady guidance insures the company’s vision will continue to be realized.”

“In a relatively short time Unigen has positioned itself as a leader in science based nutritional products, and I am pleased and honored to be leading such a committed and productive team. We will be focusing on expanding our presence into the functional food

and cosmetic industries, and anticipate making a significant difference in the marketplace,” said Miles.

Mr. Miles is a 25-year veteran in the dietary supplement and nutraceutical industries, having held leadership positions in companies with significant influence and marketshare. Prior to joining Unigen, he worked as General Manager for Integrative Therapeutics, a division of Enzymatic Therapy, Inc. He also held senior-level positions with Alpine Health Industries (now Metabolife), Pharmanex, Inc. and Nature's Way.

About Unigen Pharmaceuticals, Inc.

Unigen Pharmaceuticals, Inc.( ) is a leading natural products research and development company and proprietary ingredients supplier. The company is dedicated to the discovery of botanically derived therapeutic compounds that address consumer health needs and help improve the quality of human life. Its research and discovery process includes extensive work at both the human cell and gene level. Unigen focuses on identifying and studying the unique ingredients of medicinal botanicals and then formulating proprietary raw materials for use in cosmeceutical, nutraceutical and pharmaceutical products.

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