Advertisement
Expected in attendance at the ceremony will be Governor C.L. "Butch" Otterand Nampa Mayor Tom Dale, and several other local supporters and dignitaries.RxElite will use the new facility to house corporate offices and consolidatewarehousing space as well as position themselves for future growth as a partof their strategy to work with hard to manufacture generic pharmaceuticals.
Advertisement
"This facility has been designed to be a flexible, cost-effectiveoperation that can accommodate the future growth of the business and integratea strategic vision around hard to make generic drugs," stated Earl Sullivan,RxElite's Chief Operating Officer. "The encouragement provided by our electedofficials as well as the assistance from Bob Hosac has really assured thatthis strategy becomes a reality."
RxElite expects to add over 150 core jobs to the local area, and open up awhole new industry for Idaho's economy. Governor Otter commented, "As a CanyonCounty native, I'm proud that local folks stepped forward to address the needsof a valued local employer and corporate citizen. As Idaho's governor, I'mproud that we have the kind of workforce, responsive government and quality oflife that can attract and keep great employers producing great products andproviding great jobs. Congratulations, RxElite on a milestone in your businessdevelopment." "We are excited to welcome RxElite to the Nampa community.This is a great company bringing good jobs to Nampa for our citizens, in aclean, stable industry sector. This is the type of economic development weare encouraging as we seek to build a diversified, stable economic base in ourcommunity," stated Mayor Tom Dale.
The initial building will occupy 6 of the 17-acre site and will house an83,000 square foot building designed to accommodate corporate offices,warehousing and distribution. Near and long-term plans allow for the organicgrowth of the facility at the new Nampa location, expanding operations thatultimately could encompass the full 17-acre site and create a fully integratedstrategy around hard to manufacture generic pharmaceuticals.
About RxElite, Inc.
RxElite, Inc. develops, manufactures, and markets generic prescriptiondrug products in specialty generic markets. These markets include products inthe areas of anesthesia, sterile liquid dose drugs (including respiratoryinhalation drugs, ophthalmics, and injectable drugs), and transdermal patchproducts.
About RS Hosac
RS Hosac Inc. is a privately held commercial real estate developer ofindustrial, retail, office/flex, and residential condominiums, and acommercial real estate brokerage headquartered in Boise, Idaho.
Safe Harbor Statement
This press release contains forward-looking statements within the meaningof the Private Securities Litigation Reform Act of 1995 involving known andunknown risks, delays, and uncertainties that may cause our actual results orperformance to differ materially from those expressed or implied by theseforward-looking statements. These risks, delays, and uncertainties include,but are not limited to: risks associated with the uncertainty of futurefinancial results, our reliance on our sole supplier, the limiteddiversification of our product offerings, additional financing requirements,development of new products, government approval processes, the impact ofcompetitive products or pricing, technological changes, the effect of economicconditions and other uncerta
