has been marketing Catrix(R) Wound Dressing in Spain for more than one year, and is presently awaiting for the Spanish Ministry of Health to establish a reimbursement rate for all patients, in Spain, who are prescribed this wound healing agent.
The lawsuit, filed against the Company, its officers and directors, alleges that ICNI
failed to disclose in its Offering Prospectus and otherwise that its business, which at the time of the Initial Public Offering (June 29, 1996) substantially relied on revenues generated from operations in Puerto Rico, could be adversely affected by the termination of 900 service in Puerto Rico.
Under the leadership of CEO David Greenberg, CFO Donald Mann, Vice Presidents Rosario Moreno and Mario Beguiristain, ICNI
has signed exclusive rights to Hispanic celebrity chef and entertainer Chef Pepin, Mexican film star Rosa Gloria Chagoyn, Mexican film and soap opera star Salvador Pineda, advice columnist Maria Regina, a columnist similar to Dear Abby in the general market and other noted celebrities.