Elite Pharmaceuticals Announces Election of New Director to its Board and Date of Annual Stockholders Meeting

26-Jan-2005

Elite Pharmaceuticals, Inc. announced that Mr. Edward Neugeboren, a managing partner of Indigo Ventures LLC, has agreed to join the Company's Board of Directors and that John A. Moore has resigned as a Director. These changes are being made as the company continues it's transformation from a development stage organization to a high growth specialty pharmaceutical company.

Additionally, the Company has set March 22, 2005 as the date of its Annual Stockholders Meeting.

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