In a recent letter to stockholders, CEO Harvey Tauman said that the company was in final negotiation to secure a licensing agreement with a ‘major company in the cosmetics industry'.
Trilexon is a delivery system that has been designed to improve the effectiveness of a range of topical personal care products, specifically hair care and skin care applications.
Damage Control Serum
Likewise, Tauman also pointed out that the company Damage Control Serum has now reached a ‘ready’ stage in its development, following the completion of the research process, as well as safety testing and preliminary marketing.
The company says it is looking to develop its portfolio of finished personal care products by marketing them with television shopping channels nationwide.
To support this aim the company is also working towards an enhanced brand image through the creation of a television commercial, which is likely to be aired in the first quarter of 2009.
Fighting signs of aging
The serum aims to reverse photo aging caused by sun exposure, targeting the epidermis in a bid to repair damage that can lead to fine lines and wrinkles, while also improving the DNA immune system and helping to slow down future signs of aging.
As well as the products that the company is currently working on to bring to market, Tauman also pointed to the fact that it is also working towards becoming a fully reporting company.
In relation to this ambition, he pointed out that a two-year audit has recently been completed and the latest nine-month unaudited income is also being finalized, measures that will all form part of the final steps to complete the process.