SmallCaps Online LLC Announces Investment Opinion on Pharmos Corp

SmallCaps Online LLC Announces Investment Opinion on Pharmos Corp

Business Editors

NOTE TO EDITORS: The following is an investment opinion issued by

SmallCaps Online LLC

NEW YORK–(BUSINESS WIRE)–Oct. 18, 2000

SmallCaps Online Group LLC Reiterates BUY Recommendation On Pharmos

Corporation

Visit SmallCaps Online’s Web Site at www.SmallCapsOnline.com for

Detailed Report

SmallCaps Online Group LLC announced today that it has issued an update on Pharmos Corporation (Nasdaq:PARS) commenting on recent clinical developments and quarterly revenues and reiterating its BUY recommendation. The full text of this report can be accessed at SmallCaps Online’s web site, at www.SmallCapsOnline.com.

The information in this press release has been obtained from sources that SmallCaps Online Group LLC believes to be reliable, but the Company does not guarantee its accuracy or completeness. All statements are the opinion of SmallCaps Online Group LLC which are based upon information gathered from public filings, and/or information provided by the company which is featured. Neither the information nor any opinion expressed constitutes a solicitation by SmallCaps Online Group LLC for the purchase or sale of any securities. SmallCaps Online Group LLC or its affiliates has performed investment banking, consulting or other business and may solicit investment banking, consulting or other business from any company mentioned in this release. SmallCaps Online Group LLC or any of its affiliates or persons associated with SmallCaps Online Group LLC may at anytime be long or short any of the securities referred to herein and may make purchases or sales thereof while the Company’s reports are in circulation or posted on the SmallCaps Online Group LLC web site at www.SmallCapsOnline.com. Accordingly, SmallCaps Online Group LLC has a potential conflict of interest in preparing this report. This material, or any portion thereof, may not be reproduced without prior permission from SmallCaps Online Group LLC. Copyright (c) 2000 by SmallCaps Online Group LLC. All rights reserved.

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