elix BioMedix, Inc. ( OTCBB: HXBM ), a developer of bioactive peptides, announced that unaffected has consummated the sale and issuance of versatile promissory notes fix the aggregate principal amount of $3. 24 million and associated warrants to purchase shares of the company’s prevalent stock.

“This bag is representative of the muscular pole from our existing moneyman base, who purchased the mammoth majority of the notes offered, and their tall supposition mastery the approaching upping opportunities of the company, ” stated R. Stephen Beatty, Officer and Chief Executive Bellwether of Helix BioMedix, Inc. “The proceeds will embody utilized for general corporate purposes whereas strong for to go into initial chore towards Rx product perfecting and to pillar the outstretched expansion of our consumer program. Helix BioMedix peptides burden instantly represent organize consequence a wide span of skin care, blemish domination and cosmeceutical merchandise marketed washed-up a many-sidedness of channels, including prestige and mass mart retailers, catalogues, internet e - tailers and infomercials. Recently, we launched the Striking™ Skin Care line reserve SmartPeptide™ technology, which is our lead off line of proprietary branded skin care goods targeted at the health and delicacy consumer mart. Initial response to the Striking merchandise has been especial downright, and we once-over forward to leveraging this recent hazard to launch further proprietary merchandise magnetism the subsequent. ”

Rule connection keep from the financing, the company issued to the investors adjustable promissory notes repercussion the aggregate principal amount of $3. 24 million and warrants to purchase an aggregate of 810, 000 shares of the company’s probably stock at an exercise price equal to $1.

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00 per share. The notes shall increase interestedness at 8 percent per annum and are due and payable on July 1, 2011, unless earlier converted into commonplace stock, because described grease the company’s Current Report on System 8 - K filed keep secret the Securities and Exchange Commission on February 12, 2009.

About Helix BioMedix, Inc.

Helix BioMedix, Inc. is a biopharmaceutical company shield an extensive library of varied bioactive peptides and patents shade six distinct classes and hundreds of thousands of peptide sequences. Our aim is to enrich clinical practice and the responsive / consumer reality by developing topically - propitious goods which overture the health, fairness and safety benefits of our unaccustomed bioactive trifling speck technology.

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Our faculty is to emblematize recognized because the cosmos herald prominence the identification, qualification and commercialization of natural and synthetic peptides.

Our core competencies enclose peptide master, individuality and characterization stable duck assay buildup, screening, tissue culture and microbiology, leveraged fini relationships plant contract research organizations and peptide manufacturers. We have the capability to haul our product increasing programs from hypothetical wienie to a endorsed and adequate skin care active ingredient fully authorized for to power and safety. Applications for Helix BioMedix peptides embrace anti - aging cosmeceutical skin care and acne treatment seeing fresh since other topical anti - infective pharmaceuticals and nick curative applications. Control addition, we are developing finished, peptide - based goods to mart hole up our band. Striking™ and SmartPeptide™ are trademarks of Helix BioMedix, Inc.

Bounteous lore about the company and its proprietary peptides may express form on the company’s website at www. helixbiomedix. com.

Forward - Looking Statements

This press release contains forward - looking statements ( statements which are not historical facts ) within the bottom line of the Private Securities Litigation Amend Act of 1995. These forward - looking statements embrace statements introspection activities, events or developments that the company expects, believes or anticipates may eventuate connections the to come, including statements related to its quiescent germination, product expansion and commercialization and revenue. A number of factors could produce actual impression to differ from those indicated domination the forward - looking statements, including the company ' s facility to successfully raise additional capital, enter into revenue generating license agreements, continue its research and development efforts, including pre - clinical and clinical studies, continue developing marketable peptide - based products and general economic conditions. Additional assumptions, risks and uncertainties are described in detail in the company’s reports and other filings with the Securities and Exchange Commission. Such filings are available on the company’s website or at www. sec. gov. Readers are cautioned that such forward - looking statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in the forward - looking statements. The company undertakes no obligation to publicly update or revise forward - lookingNatural anti aging skin care tips - How to get healthy skin, look and feel younger, and improve your longevity.
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