Botanical Solutions Newsroom
March 28, 2006
Botanical Solutions, Inc. to Provide Venture Capital Funding for
Nutraceutical, Cosmeceutical, and Medical Products Along with
Health-Related Research and Initiatives
March 28, 2006 - New York, NY -- Botanical Solutions, Inc. today announced plans to begin funding the research, development and marketing of nutraceutical, cosmeceutical and medical products, as well as other new health-related research and initiatives.
The Myrtle Beach, South Carolina based company is led by internationally recognized dermatologist and researcher Robert D. Bibb, M.D. in partnership with Donald G. Wizeman, Senior Vice-President, John W. Gandy, Secretary Treasurer, Lee Matzig, Vice-President and a group of investors comprised primarily of medical specialists.
Nutraceuticals (often referred to as phytochemicals or functional foods) are natural, bioactive chemical compounds that have health promoting, disease preventing or medicinal properties. They consist primarily of foods, or natural food supplements thought to have a beneficial effect on human health.
Cosmeceutical is a blending of the words cosmetic and pharmaceutical. Cosmeceutical products are marketed as cosmetics and normally contain biologically active ingredients. Examples include anti-wrinkle skin creams with ingredients such as alpha lipoic acid and dimethylaminoethanol and creams containing cellular replenishment serum featuring protective and anti-aging properties. Moisturizers and sunscreens are other well-known types of cosmeceuticals. Cosmeceuticals are the fastest growing segment of the multi-billion dollar cosmetic industry
Dr. Bibb said, “The formation of Botanical Solutions allows me to bring to fruition a long-standing goal of applying years of experience and clinical research to offer natural health care and medical products that help people lead better, healthier and more productive lives.”
Donald Wizeman said, “Our mission for Botanical Solutions is to provide the necessary funding and solid business foundations to a wide range of nutraceutical, cosmeceutical, medical and health-related products and initiatives, from skin care and nutrition to important and cutting-edge research, that will not only enhance the company’s revenue streams, but will improve people’s lives as well.”
John Gandy said, “The nutraceutical market today surpasses $50 billion dollars annually, and is growing at an average rate of 6.5% per year. The $35 billion dollar cosmeceutical market is unquestionably the fastest growing market segment, with an annual growth rate of 8.5%. Obviously, there are outstanding opportunities for the companies, products and initiatives supported by Botanical Solutions, and we are indeed excited to be playing a part in developing and presenting them to the national and global marketplace.”
The company has recently completed the funding of their first project, with a formal announcement expected shortly.
About Robert D. Bibb, M.D.
Dr. Robert Bibb is a nationally recognized dermatologist, researcher and creator of the Derme’llage raspberry-based Cosmeceutical Skin Care Regimen and Razz-Tabs nutritional supplements. In private dermatology practice since 1984, with four facilities in Myrtle Beach, South Carolina, Dr. Bibb did his internship in New Orleans where he was voted outstanding intern of the year and completed his residency in dermatology at the Medical University of South Carolina. Dr. Bibb received his B.S. in Chemical Engineering from Clarkson University, where he was elected to the chemical engineering honorary, and an M.S. in Bio-Environmental Engineering from Rensselaer Polytechnic Institute.
For additional media-related information, please contact the Botanical Solutions Media Department at 843.497.4900 – media@botanicalsolutions.com
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