News Feed Item

UPDATE - Eco-Petroleum Solutions, Inc. Releases Letter from CEO and Chairman

ECPO Chairman and CEO Addresses Shareholders Informing Them of New Business Model

MONROVIA, CA -- (Marketwired) -- 06/19/17 -- Eco Petroleum Solutions, Inc. (OTC PINK: ECPO) published today the first letter to the shareholders from the newly appointed Chief Executive Officer and Chairman of ECPO, Harry Zhabilov.

Dear Eco-Petroleum Shareholders,

As the newly appointed CEO and Chairman of Eco-Petroleum Solutions, Inc. it is with great excitement that I address the shareholders of the Company and of Immunotech Laboratories, Inc. regarding our future potential as we transition ECPO into the Immunotherapy Medical Industry.

IMMB is the exclusive license holder of an innovative US Patented treatment for HIV/AIDS and Hepatitis C which has successfully completed Phase III clinical testing at one of the leading Hospitals in Europe, the Specialized Hospital for Active Treatment of Infectious and Parasite Diseases in Sofia, Bulgaria. A copy of the final report can be viewed at www.Immunotechlab.com and www.immunH.com. The participants in the Phase III testing were all salvage patients in various advanced stages of the HIV/AIDS virus.

The final report issued by the Ministry of Health demonstrated improvement in the immune indices in the absolute number of Ly, CD3 T, CD4 T, CD8 T, B Ly, NK and in the percentage of CD3 T, CD4 T, CD8 T, B Ly, NK and of the index CD4/CD8. The patients demonstrated significant decreases in their viral loads. The treatment had a positive effect on opportunistic infections related to the progress of the HIV Virus and is compatible with other modern antiretroviral drugs currently in use. Patients had an exceptional tolerance to the treatment with a complete absence of any major side effects.

In summary the report concluded that the test subjects, who were in the advanced stages of HIV/AIDS, experienced a virological effect with 80.5% achieving a drop in viral loads to below the threshold of detection and with 68% experiencing an increase in the strength of their immune system, as evidenced in the increase in CD4+T-lymphocytes. The treatment "turns on" the immune system to fight Autoimmune diseases which has not been achieved with other therapies. The individuals participating in the clinical trials demonstrated none of the ravaging side effects of many of today's treatments.

The Salvage Patients got better and healthier without sacrificing their quality of life.

IMMB, based on its novel therapeutic platform, believes that its treatment for HIV/AIDS is the first of its kind, and will be first to market, based on laboratory in-vitro results demonstrating a combination of entry inhibitor, fusion inhibitor and immunomodulator mechanisms of action.

Currently, over 36.7 million people are living with the HIV/AIDS virus globally with approximately half receiving treatment. There are an estimated 2.1 million new infections per year.

Over 50% of the dollars being spent on treating HIV/AIDS is being spent in North America with an additional 30% being incurred in Europe. This leaves 20% of treatment dollars being spent on the rest of the world's victims of AIDS. Over half of those infected with HIV/AIDS virus live in Africa. The estimated total expenditure for treatment of the disease is approximately $20 billion with an additional $19 billion + being spent on education and prevention in low and middle income countries.

It is estimated by the Harvard P H Chan School of Public Health as published in the March 2016 article entitled HIV/AIDS long term cost high -- and unaffordable to most affected countries, "that the price tag for providing long term HIV/AIDS prevention and treatment in 2015-2050 in the NINE sub-Saharan countries most affected by the epidemic ranges from $98 billion at current coverage levels to $261 billion if coverage is scaled up".

ECPO, through Immunotech Laboratories, Inc., is committed to the commercialization of the proprietary proteins for the treatment of debilitating infectious diseases, such as HIV/AIDS and Hepatitis C and creating new treatments for the better health of mankind and the realization of shareholder value for the existing shareholder base.

The current cocktail of drugs and treatments people living with advanced stages of HIV must take monthly to manage viral loads, which allows the patients to survive with the disease, cost between $4,000.00 and $25,000.00 per month, depending on the stage of HIV; placing the cost of treatments far more than the ability to pay in low and middle income countries. IMMB's 18-week treatment for advanced stage patients cost less than $6,000.00 for the treatment cycle, or $1,500.00 per month, compared to the low end average estimate of $16,000.00 for the same four months' worth of current medication at $4,000 per month. We believe, in most cases, once the treatment is approved for mass distribution and sales the IMMB treatment will not be required on a continuing basis but taken if viral loads increase during the life of the individual. Unfortunately, patients on current medication continue to experience treatment failure due to the development of resistance or toxicity to their prescribed drugs. This has not been manifested in the results of the IMMB testing. None of this takes into consideration the potential increase in the quality and longevity of the patient's life from a treatment such as IMMB's.

With the introduction of the IMMB product, the world could see a significant impact on the treatment and prevention of HIV/AIDs on a going forward basis that could not only benefit those suffering and dying from this disease but also reducing the economic impact it causes.

The potential for the ECPO and its Shareholders from the distribution of the treatment in monetary and humanitarian terms in the Company's estimation is uncalculatable.

At ECPO we believe that beating the unbeatable is possible.

I thank your time and confidence in the Company.

Harry Zhabilov, Jr.
CEO and Chairman

About Eco-Petroleum Solutions and Immunotech;
Eco-Petroleum Solutions / Immunotech Laboratories is a drug development company committed to the commercialization of its proprietary proteins for the treatment of debilitating infectious diseases. Immunotech is committed to creating drugs for the better health of mankind.

Immunotech's flagship compound ITV-1 (Immune Therapeutic Vaccine-1) is a suspension of Inactivated Pepsin Fraction (IPF), which studies have shown is effective in the treatment of HIV/AIDS. IPF is the active drug substance of ITV-1 and is a purified extract of porcine pepsin. ITV-1 has been shown to modulate the immune system.

Safe Harbor Statement: This news release contains forward-looking statements that involve risks and uncertainties associated with financial projections, budgets, milestone timelines, clinical development, regulatory approvals, and other risks described by Eco Petroleum Solutions, Inc. / Immunotech Laboratories, Inc. from time to time in its periodic reports filed with the SEC. IPF is not approved by the US Food and Drug Administration or by any comparable regulatory agencies elsewhere in the world.

While Eco Petroleum / Immunotech Laboratories believes that the forward-looking statements and underlying assumptions contained therein are reasonable, any of the assumptions could be inaccurate, including, but not limited to, the ability of Eco Petroleum / Immunotech Laboratories to establish the efficacy of IPF in the treatment of any disease or health condition, the development of studies and strategies leading to commercialization of IPF in the United States, the obtaining of funding required to carry out the development plan, the completion of studies and tests on time or at all, and the successful outcome of such studies or tests.

Therefore, there can be no assurance that the forward-looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, Eco Petroleum / Immunotech Laboratories or any other person that the objectives and plans of Eco Petroleum / Immunotech Laboratories will be achieved should not regard the forward-looking statements as a representation.

IR Contact:

Eco-Petroleum Solutions, Inc. / Immunotech Laboratories, Inc.
120 W Pomona Ave
Monrovia, CA 91016
Phone: (626) 538-4779
Fax: (626) 538-4779

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
In this presentation, Striim CTO and founder Steve Wilkes will discuss practical strategies for counteracting fraud and cyberattacks by leveraging real-time streaming analytics. In his session at @ThingsExpo, Steve Wilkes, Founder and Chief Technology Officer at Striim, will provide a detailed look into leveraging streaming data management to correlate events in real time, and identify potential breaches across IoT and non-IoT systems throughout the enterprise. Strategies for processing massive ...
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
SYS-CON Events announced today that Ayehu will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara California. Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infras...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
What's the role of an IT self-service portal when you get to continuous delivery and Infrastructure as Code? This general session showed how to create the continuous delivery culture and eight accelerators for leading the change. Don Demcsak is a DevOps and Cloud Native Modernization Principal for Dell EMC based out of New Jersey. He is a former, long time, Microsoft Most Valuable Professional, specializing in building and architecting Application Delivery Pipelines for hybrid legacy, and cloud ...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
Join us at Cloud Expo June 6-8 to find out how to securely connect your cloud app to any cloud or on-premises data source – without complex firewall changes. More users are demanding access to on-premises data from their cloud applications. It’s no longer a “nice-to-have” but an important differentiator that drives competitive advantages. It’s the new “must have” in the hybrid era. Users want capabilities that give them a unified view of the data to get closer to customers and grow business. The...
"We focus on composable infrastructure. Composable infrastructure has been named by companies like Gartner as the evolution of the IT infrastructure where everything is now driven by software," explained Bruno Andrade, CEO and Founder of HTBase, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
"We are a monitoring company. We work with Salesforce, BBC, and quite a few other big logos. We basically provide monitoring for them, structure for their cloud services and we fit into the DevOps world" explained David Gildeh, Co-founder and CEO of Outlyer, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.