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Message: TSX Venture 50 Spotlight

TSX Venture 50 Spotlight

posted on Mar 23, 2010 03:22PM

http://www.tmxmoney.com/en/news/interviews/Mar23-2010_APH.html

TSX Venture 50 Spotlight: ALDA Pharmaceuticals Corp.

In the Technology and Life Sciences sector, ALDA Pharmaceuticals Corp. (TSX-V:APH) is awarded the third spot on the TSX Venture 50. Initially formed as the capital pool company Duft Biotech Capital in May 2000, the firm took over ALDA Pharmaceuticals, completed their qualifying transaction, and began listing as a two-tier company in November 2003.

ALDA has a patented infection control technology currently used in the dental, beauty and first responder industries, with products available in your local drugstore. Their existing line of infection control products, including hand sanitizers and disinfectant cleaners, led to their title as an official supplier to the 2010 Vancouver Winter Olympics.

The company's sales jumped following the Olympic contract. While previous quarters have seen sales around the $50,000-$80,000 mark, last quarter sales reached approximately $1 million, based largely on hand sanitizer use, putting ALDA on the map.

ALDA's market capitalization sits around $10 million, with a share price of approximately $0.17. The company has almost 59 million shares outstanding and sees trading volumes of 100,000 per day.

President, chief executive officer and co-founder Terrance Owen discussed ALDA's achievement with the TSX Venture Exchange.

TSX-V: What does winning the Top 50 award mean to you and your company?

TO: It came as quite a surprise, a total shock, and I'm extremely gratified and pleased. I got a call on a Wednesday afternoon from the TSX Venture Exchange and usually you get calls from the TSX Venture when there's a problem. But he said you've been selected to the Top 50 and I thought that's great! We're certainly promoting it as another form of recognition for the company. It's not just us saying we're great and blowing our own horn, somebody else thinks we're great too.

Out of the 2500 companies on the TSX-V, if you're one of the Top 50 then you must be doing something right. That kind of exposure in the Toronto investment community is going to be very beneficial to us, I will certainly promote it as much as I can.

TSX-V: Can you describe ALDA's product line and where they can be found?

TO: What attracted me to the company was that our patented T36® technology also has therapeutic applications. We've found that its very effective on all topical infections including athletes foot, toe nail infections, insect bites, cuts, scrapes, bruises, it's good for first aid, it's even an effective treatment for psoriasis when combined with something like a steroid for example, so we've got a very comprehensive therapeutic registration program in progress. We're not just a hand sanitizer company, we're pursuing a large market in the therapeutic market as well.

You would see T36® antiseptic hand sanitizer at T&T supermarket, Pharmasave, sometimes in Shoppers Drug Mart, London Drugs on the west coast, and soon in Home Hardware and Rona, so there are a bunch of retail outlets where the product is available.

TSX-V: What was your role in the 2010 Vancouver Winter Olympics?

TO: The official designation is the official suppler for the 2010 Vancouver winter games for antiseptic hand sanitizer disinfectant and disinfectant cleaning products. It almost sounds like we're a janitorial service but really we're more focused on the therapeutic side, it just happens to be that right now the focus is on the janitorial, hand sanitation side. The Olympics gave us huge exposure, we just went from zero to hero overnight. Nobody had heard of us before, and it's really brought us huge benefits

TSX-V: What does ALDA do to stand out amongst other companies in your sector?

TO: I would say the fact that we have products on the market that you can touch and feel, and look at and buy, differentiates us from the crowd. The Olympic sponsorship, having products on the market and having a broad range of therapeutic applications makes us really unique. And when we say we're going to do something, we actually accomplish it. I can't always predict how long it's going to take, but I know exactly how to get there.

TSX-V: What are ALDA's future plans and goals, and how do you plan to achieve them?

TO: During the last few months we went out there and grabbed as much market share as we possibly could, now we're going to fight to keep it. One of our main competitors, and I don't mind mentioning them by name because they have a very good product and they're very well marketed, Purell, is one of our key competitors. We will never displace them but we want to grab as much market share and hang on to it as we can. We're in the process of seeking registrations for our products in the United States and in the European Union, so we can have international sales which is the medium-term plan. The long term plan is to pursue the clinical trials of the therapeutic applications.

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