1411-3(d)(2) Excluded/ Category Class ANII
Tax rate Amount Ordinary income Interest ANII
These statements are based on certain assumptions made based on experience, expected future developments and other factors ANII
believes are appropriate in the circumstances.
In addition, as previously announced, ANII
intends to seek stockholder approval to effect a reverse stock split of one share to be issued for every 300 shares outstanding as of a record date to be determined.
STOCKHOLDERS OF ANII
AND OTHER INVESTORS ARE URGED TO READ THE PROXY STATEMENT IN CONNECTION WITH THE PROPOSED REVERSE STOCK SPLIT BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT ANII
, THE REVERSE STOCK SPLIT, THE PERSONS SOLICITING PROXIES AND THEIR INTERESTS IN THE REVERSE STOCK SPLIT AND RELATED MATTERS.
Effective upon the open of business on June 24, 2003, the common shares will be immediately eligible for quotation on the OTC Bulletin Board under the symbol ANII.
ANII is a holding company with two operating subsidiaries, Bactolac Pharmaceutical Inc.
Greg Pusey, President of ANII stated, "I am very pleased with the turnaround continuing at ANIP, noting that both sales and cash flow from operations continue to improve.
ANII had previously announced that it had completed the refinancing of its credit line into a three-year $5.
Greg Pusey, President of ANII
, stated, "ANII
has taken a large step forward in getting this long-term facility in place, which will help the Company with its liquidity and financial position.
has received several proposal letters from prospective lenders and expects that a new facility can be finalized by the extended due date of the current agreement.