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THE COMPANY

HµREL
Corporation is a development-stage enterprise based in Beverly Hills, California. HµREL’s development is proceeding under the aegis of Athena Capital Partners, LLC, a Los Angeles enterprise sponsorship firm (www.athenacapital.net).

HµREL is presently inaugurating a Joint Scientific Collaboration (“JSC”), through which a group of global pharmaceutical and consumer products firms will collectively provide scientific guidance and funding as HµREL carries out a one-year research and development program aimed at fully validating its technology and readying its first products for general, commercial release. HµREL projects its JSC laboratory activities to commence in the third quarter of 2005.

HµREL’s first product—a microfluidic circuit that models real-time protein binding, metabolism, and extraction in the liver—will comprise the world’s first comprehensive, in vitro test of first-pass liver bioavailability in humans or other species. Other HµREL applications slated for early development include devices customized for studying various multi-organ toxicities (e.g., liver/lung or liver/cardiac), as well as for studying the integrated mechanisms of absorption and bioavailability of orally administered compounds.

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