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Montgomery, Alabama Business Places 26th in Entrepreneur Magazine’s “Hot 100”

Montgomery, Alabama, May 18, 2005 - ProEthic Pharmaceuticals, Inc., a Montgomery-based drug company, has been named among the “Hot 100” companies in the nation, placing 26th in Entrepreneur Magazine’s annual ranking of the nation's fastest growing companies. Only one other company from Alabama made the list.

Founded in 2001, ProEthic Pharmaceuticals has enjoyed significant year-over-year growth by focusing on a largely underserved market. By becoming a pioneer in a niche line of branded products - products deemed too small for industry giants - ProEthic has forged a strategy that has yielded higher and higher revenues. Over the past four years, the company has grown from three employees and one product to 113 employees and 15 products.

“We are pleased and proud of this recognition, which I think is testimony to the dedication and skill of our outstanding staff,” said Carl Whatley, president and CEO of ProEthic. “Our prospects for continued growth are certainly strong as we anticipate new products, additional staff and a new headquarters in eastern Montgomery County.”

About ProEthic Pharmaceuticals, Inc.

ProEthic is an emerging specialty pharmaceutical company enhancing treatment strategies initially in the areas of pain and migraine. Founded in 2001, the privately held company focuses its efforts on the acquisition, development, licensing, and marketing of pharmaceutical products. ProEthic also markets niche generic prescription pharmaceutical products through Midlothian Laboratories LLC, a wholly owned subsidiary. For more information, please visit the ProEthic website at: www.proethic.com.

Entrepreneur Magazine is written for busy entrepreneurs who want practical - not theoretical - information, Entrepreneur offers real-life solutions for entrepreneurs with growing companies. The magazine gives readers concise, hands-on advice so they can get in, get out and back to business. Expert columnists cover the latest developments in technology, money, management and marketing, highlighting products, services and strategies to help readers run better businesses. In Entrepreneur’s more than 40 monthly columns and features, readers learn from other entrepreneurs who have successfully solved their growth challenges. The magazine also analyzes current issues, news and trends from the unique perspective of the entrepreneur. www.entrepreneur.com (949)261-2325 phone; (949)261-0234 fax