The Company, a California corporation, was founded in 1989 as EROX Corporation to develop and market a broad range of consumer products containing human pheromones as a component. On May 29, 1998, the shareholders of the Company voted to change the name of the Company to Human Pheromone Sciences, Inc.
The Company believes that human pheromone research funded by the Company presents an opportunity to create and market new categories of mood-enhancing pheromone-based consumer products that do not require FDA approval. The Company believes that its related patents provide it a proprietary position in developing, licensing and marketing this category of consumer products.
Pheromones, that underlie the Company's current patents, are chemical substances known to stimulate species-specific biological responses in animals. For eighteen years, scientists and advisors engaged by the Company have studied the functions and characteristics of human pheromones and other mood-enhancing compounds.
