July 02, 2007: 08:55 AM ESTNEW YORK, July 2 /PRNewswire-FirstCall/ -- Paramount Acquisition Corp., a special purpose acquisition corporation ("SPAC"), announced today the release of an updated Chem Rx corporate presentation. The presentation includes a corporate overview and pro forma estimates and valuation pertaining to its proposed acquisition of Chem Rx, a major privately-owned long-term care pharmacy based in Long Beach, New York.
The presentation is available in the Investor Relations section of Chem Rx's website at http://www.chemrx.net. The presentation may also be found as an exhibit to Paramount Acquisition Corp.'s Current Report on Form 8-K, which is being filed today, on the SEC's website at http://www.sec.gov.
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