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FOR IMMEDIATE RELEASE

ProEthic Breaks Ground on New Facility

Montgomery-Based Pharmaceutical Company Prepares for New 43,000 Square Foot Facility in Montgomery County

Montgomery, Alabama, July 29, 2005 - ProEthic Pharmaceuticals Inc. broke ground today on its new 43,000 square foot headquarters. ProEthic, ranked 26th out of 100 “Hot 100 Fastest Growing Small Businesses in America” by Entrepreneur Magazine in June 2005, couldn’t be more excited by the upcoming new corporate office which will be built in the East Montgomery Industrial Park, a new project of the Montgomery County Commission.

“This huge milestone in our growth is further tribute to the support we have received from the people of Montgomery. The Countyઝs unrelenting effort to move this project along and help meet our needs exemplifies their resolve and willingness to make Montgomery a great place to do business. My hat is off to them” said Carl Whatley, chief executive officer, chairman and founder of ProEthic Pharmaceuticals Inc.

“We are proud of ProEthic’s achievements and how they have quickly risen to the top in their industry. As a Commission, we are honored that they will be the first of many quality corporations in our Montgomery Industrial Park. This home-grown organization is a shining example of the economic opportunities afforded to our citizens in Montgomery County”, said Todd Strange, Chairman of the Montgomery County Commission.

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.