SAN DIEGO, May 31, 2017 /PRNewswire/ --
Entest BioMedical Inc. (PINK: ENTB) announced today that it has satisfied $841,531 of Notes
Payable as well as $83,000 of accrued expenses through the issuance of the Company's non-voting
convertible preferred stock to the creditors. The terms of the settlement are disclosed in a form 8K dated May 30, 2017 filed by the Company with the United States Securities and Exchange Commission and publicly
available through the SEC's EDGAR system.
Entest BioMedical Inc.'s Chairman and CEO David Koos noted, "The Company is trying to mitigate
shareholder concerns regarding the impediment that the Company's debt burden may pose to our forward progress. I believe this
action should strengthen our shareholders' belief in our goal to bring small molecule cancer and autoimmune therapies to animals
through our subsidiary, Zander Therapeutics Inc."
About Zander Therapeutics Inc. and Entest BioMedical Inc. :
Zander Therapeutics is a subsidiary of Entest BioMedical Inc. (OTCPink: ENTB), a publicly traded biotechnology company focused
on veterinary medicine. The Company seeks to develop small molecule and immune stimulating therapies for veterinary
applications.
Currently, the Company's major interest is in developing small molecule therapies for treating cancer and autoimmune diseases
in animals, which include arthritis.
Zander Therapeutics Inc. is the exclusive licensee for veterinary applications of Regen BioPharma Inc.'s (OTCQB: RGBP) (OTCQB:
RGBPP) intellectual property and technology relating to NR2F6. NR2F6 is a molecular switch known as an 'orphan nuclear receptor',
which controls genes associated with the immune response. Zander Therapeutics is solely focused on veterinary applications.
David Koos serves as Chairman and Chief Executive officer of Regen BioPharma, Inc. (OTCQB:
RGBP), Entest BioMedical Inc. (OTCPINK: ENTB) and Zander Therapeutics Inc. (subsidiary of Entest BioMedical Inc.).
Disclaimer: This news announcement may contain forward-looking statements. Forward-looking statements are inherently
subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could
differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and
uncertainties to which forward looking statements are subject include, but are not limited to, the effect of government
regulation, competition and other material risks.
CONTACT INFORMATION
Zander Therapeutics Inc. and Entest BioMedical Inc.
David R. Koos, Ph.D.
Chairman & Chief Executive Officer
+1-619-702-1404 Phone
+1-619-330-2328 Fax
info@zandertherapeutics.com
http://www.zandertherapeutics.com/
SOURCE Entest BioMedical Inc.