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Nicodrops Announces the Lawsuit with GlaxoSmithKline Has Been Dismissed

26 May 2005

Nicodrops International Inc., a subsidiary of Nicodrops, Inc. (Other OTC: NCDP), developer of the drug-free, herbal dietary supplement smoking alternative lozenge(a), today announced an unfair competition lawsuit filed against it in February 2005 by GlaxoSmithKline Consumer Healthcare (NYSE:GSK) in Federal district court in the Western District of Pennsylvania has been settled to the mutual satisfaction of the parties and has been dismissed.

"Now that the suit is behind us, we can focus all our attention on expanding the Nicodrops franchise. We are absolutely committed to building shareholder value as we move forward," said Christopher Calpito, president and CEO of Nicodrops, Inc.

About Nicodrops

Nicodrops Inc., La Mesa, CA, developed a drug-free, non-nicotine product which helps reduce the stress associated with not smoking, using all natural herbs(a). For more information go to http://www.nicodrops.com or call 1-866-844-5383.

Source: PrimeZone


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