MATAWAN, NJ--(Marketwire - March 02, 2011) - PacificHealth Laboratories, Inc. (OTCQB: PHLI), a nutrition technology company, today announced its common stock will be quoted on the OTCQB, which is one of the quotation services for SEC-registered and reporting companies that trade over the counter (“OTC Markets”). The Company’s trading symbol (PHLI) remains the same. The change is not related to any adverse condition or action of the Company nor is it the result of any disciplinary proceeding or procedure against it.
The Company’s common stock will no longer be quoted on the FINRA-supervised OTCBB because under Securities and Exchange Commission Rule 15c2-11, if a market maker fails to quote a security on the OTCBB for a period of four consecutive days, FINRA automatically removes the security from the OTCBB. Decisions concerning where to enter a quotation for our Company’s stock are made by our market makers -- not by the Company. These market maker decisions are usually driven by transaction costs, and the Company has no control over the quotation medium selection process. The Company believes removal from the OTCBB will have no effect on the Company since the ability to obtain immediate real-time information about the Company’s stock trading activity, enter trades and otherwise follow the Company, remain as before. For additional information about the differences between the OTCQB and the OTCBB see www.otcqb.com/otcqb/home and www.otcbb.com. The Company does not incorporate the information on those web sites in this press release.
About PacificHealth:
PacificHealth Laboratories, Inc. (OTCQB: PHLI), a leading nutrition technology company, has been a pioneer in discovering, developing and commercializing patented, protein-based nutritional products that stimulate specific peptides involved in appetite regulation and that activate biochemical pathways involved in muscle performance and growth. PHLI’s principal areas of focus include sports performance and weight loss. To learn more, visit www.pacifichealthlabs.com.
Notice: This news release and oral statements made from time to time by Company representatives concerning the same subject matter may contain so-called “forward-looking statements.” These statements can be identified by introductory words such as “expects,” “plans,” “will,” “estimates,” “forecasts,” “projects,” or words of similar meaning and by the fact they do not relate strictly to historical or current facts. Forward-looking statements frequently are used in discussing new products and their potential. Many factors may cause actual results to differ from forward-looking statements, including inaccurate assumptions and a broad variety of risks and uncertainties, some of which are known, such as general economic conditions, consumer product acceptance and competitive products, and others of which are not. No forward-looking statements are a guarantee of future results or events, and one should avoid placing undue reliance on such statements.
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Stephen Kuchen
732-739-2900, x603
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