MONTGOMERY, Ala.--(BUSINESS WIRE)--March 7, 2006--ProEthic Pharmaceuticals, Inc., a privately funded specialty pharmaceutical company that acquires, develops and markets niche prescription products, announced today that its Chairman and CEO, Mr. Carl Whatley, has been named the “2006 Alabama Small Business Person of the Year” by the U.S. Small Business Association. He will represent Alabama at the National Small Business Week Activities to be held in April in Washington, D.C. National Small Business Week recognizes outstanding small business owners for their personal achievements and contributions to our nation’s economy.