IGI, INC. IG today has signed a three year Manufacturing Service Agreement with Chattem, Inc. CHTT, a leading marketer and manufacturer of branded consumer products. The first product to be introduced by Chattem will be the "Icy Hot Sleeve" which will be made using IGI's patented Novasome(R) technology.
"We are very excited about this new agreement with Chattem and the launch of our first product with them. We are currently developing additional products with them using our Novasome(R) technology," stated Frank Gerardi, IGI's Chairman and CEO.
IGI is a company committed to grow by applying its technologies to deliver cost-effective solutions to customer's problems. IGI solves problems in consumer and skin care markets. An increasing number of IGI's solutions are based on the patented Novasome(R) microencapsulation technology which offers value-added qualities to cosmetics, skin care products, dermatological products, chemicals, foods, beverages and other products.
The statements in this release by Frank Gerardi are forward-looking statements that are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including the following: changes in demand for the Company's products, product mix, the timing of customer orders or deliveries, the impact of competitive products and pricing, constraints on supplies of critical components, excess or shortage of production capacity and other risks discussed from time to time in the Company's SEC filings. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of the release.
Contact Information: IGI, Inc. Frank Gerardi, 856-697-1441 x102 www.askigi.com