PHARMA HOLDINGS BUSINESS SUMMARY

Overview

In January 2004 the founders of Millennium Partners Incorporated (MPI) launched an international drug prescription service from Canada called Canadian Drug Outlet Store (CDOS) offering prescription medications to US citizens at Canadian prices. Since many of Canadian prescription drugs are up to 70% less than the US prices for the same drugs, dosages and quantities, there is a significant opportunity to market these savings directly to consumers in a broad-based but targeted marketing program.

Since the opening of the pilot store, CDOS has experienced a steady growth rate in the number of orders and sales volume and is on target to meet its sales projections for the year. We are currently seeking outside funding to expand the business into new territories and to offer new products to our customers. One such product is the development of a discount prescription drug card allowing our customers to be able to purchase drugs from US pharmacies at steeply discounted prices.

As a rule, CDOS does not fulfill orders for any drugs that are considered a controlled substance here in the US. Additionally, due to the nature of our business, we cannot fill prescriptions for drugs that require immediate dispensing. For example, if you needed an antibiotic for an ailment, we could not get the drug shipped to you overnight. For this reason, we lose the ability to provide service for 60% of the prescription drug population.

In cooperation with the largest drug distributor in the US, CDOS plans to offer the MED-RX prescription drug card. MED-RX is not a pharmacy, and will not have a clinical staff. All services that we will supply will be through our contractual relationship with a licensed pharmacy network provider. This plan will save our customers up to 90% on drugs from Canada and up to 50% on prescriptions purchased in the US using our discount drug card at more than 38,000 pharmacies. Our card will be the BEST in the industry, bar none. The cost for the card will be $39.95 for individuals and $49.95 for families on an annual basis.

Founded in 1996, Millennium Partners Incorporated (MPI) is a multi-faceted marketing and sales promotion agency with a successful track-record in media buying for print, television, direct mail outdoor and radio. As a media agency, MPI is better known as “the source for discount media” with clients reading like the “Who’s Who” of national advertisers. The privately-held company is family-owned by three equal partners and operates primarily in the field of direct response marketing. The CEO of the company has more than 20 years experience in the advertising industry and has identified a business investment that represents a tremendous opportunity for rapid share of market growth, sustainable profit and shareholder value and creation.

MPI intends to use its superior knowledge of direct response marketing to promote the Med-RX drug savings plan to prospects all over the United States. Through the use of direct response infomercials and commercials, Med-RX will saturate the media waves and promote the benefits, advantages and convenience of our prescription drug savings plan. Consumers will respond directly by calling a toll-free 800 number to request an application/information package by mail. Responders will also be able to purchase this plan via our website, fax or by visiting one of our retail locations. MPI will use local cable television, direct mail, print and billboards to build a brand name for the Med-RX plan. The media blitz will be ongoing and will progressively build as we roll-out into new markets. The key to the success of this business is promotion….promotion and more promotion.

In other news, Med-Rx Supply applied for a license to distribute pharmaceuticals in Canada, and expects to have a warehouse in operation by September 15th. Med-Rx retained the services of Mr. Randy Seminchew as a consultant to set-up and operate the Canadian wholesale operation. Mr. Seminchew was formerly employed by Health Canada (Canadian equivalent of FDA) as a licensing officer and will assist Med-Rx in obtaining our Canadian wholesale license. Mr. Seminchew will further assist in developing our warehouse operations, inventory control and sales in Canada.

This would allow Med-Rx to become a primary supplier to more than 1,000 Canadian pharmacies currently doing business in Canada and the United States. This business is estimated at more than $800 million dollars per year and Med-Rx Supply expects to become a primary source on that marketplace.