We at Phytoceuticals are enjoying success in selling Phytoceuticals skin care products to the public directly and are looking forward to moving beyond the issues of the past.
Los Angeles, CA, and Elmwood, NJ (Vocus) July 16, 2010
Innovative Skincare / iS Clinical and Phytoceuticals, Inc. / Dr. Mostafa Omar announced they have reached a confidential settlement of the legal actions presently pending in the United States District Court, Central District of California (CV 08-04470 ODW (SSx), 2:09-cv-0996 ODW (SSx)). As a result of the settlement, dismissal of the legal actions are expected to take place shortly.
“We at Innovative Skincare take great pleasure in reporting the settlement of all legal claims with Phytoceuticals, Inc. and Mostafa M. Omar, Ph.D. The legal actions were taking a great toll on all parties and marred what had been a good relationship between Innovative Skincare and Phytoceuticals, Inc. and Dr. Omar. We at Innovative Skincare are grateful for the contributions made by Dr. Omar during the development of our Company,” said Bryan Johns, President and CEO of Innovative Skincare. “With this settlement and the dismissal of the legal actions, Innovative Skincare is committed to moving forward with continuing success.”
“We at Phytoceuticals, Inc. also express great happiness that the legal actions will conclude. We acknowledge that, in connection with and subsequent to the termination of the relationship with Innovative Skincare, there were differences between the parties. This included Phytoceuticals issuing press releases containing certain statements based upon misinformation obtained from third party sources which was not independently investigated,” said Dr. Omar, President and Founder of Phytoceuticals, Inc. “We at Phytoceuticals are enjoying success in selling Phytoceuticals skin care products to the public directly and are looking forward to moving beyond the issues of the past.”
While Innovative Skincare and Phytoceuticals shall continue to go their separate ways, both parties reiterate their longstanding commitment to ethical business practices in the marketplace and seek to diligently avoid any conflicts between them into the future. We kindly request that all customers and clients understand that any requests about the details of the settlement or the concluding legal actions will be politely declined by all parties due to the strictly confidential nature of the settlement. Outside of this formal announcement, the parties’ only comment on the subject will be and shall remain: “the disputes have been amicably resolved between the parties.”
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