PROTEONOMIX, INC. (OTC.BB:PROT), a biotechnology company focused on developing therapeutics based upon human cells and their derivatives, reports further developments with its Joint Venture Company, XGEN Medical LLC (�XGen�) towards implementing operations in the United Arab Emirates (U.A.E.).
Proteonomix is the majority shareholder in XGen with the balance held by an anonymous investor group. Proteonomix personnel were on the ground in the U.A.E. over the past weeks to work together with the Investor Group through the start up phase. To date, XGen has established an office in the Monarch Office Tower on the prestigious Sheikh Zayed Road, and a residence for visiting Proteonomix personnel on Jumeira 2.
During initial meetings, it was mutually decided to open a local subsidiary corporation in the Dubai free zone. This wholly owned subsidiary will be the vehicle to conduct business in the GCC countries. XGen has filed the corporate papers and has established banking relations with a local bank both for receipt of the initial investment of $5 million and towards further financing expanded services in the region. The Ramadan holiday has slowed progress slightly on these corporate formalities, but full operation of the subsidiary and bank accounts are expected to complete within 30 days.
Proteonomix is a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives. Proteoderm, Inc. is a wholly owned subsidiary of Proteonomix that has recently opened its retail web site, Proteoderm.com, and begun accepting pre-orders for its anti-aging line of skin care products. StromaCel, Inc.’s goal is the development therapeutic modalities for the treatment of Cardiovascular Disease (CVD). StromaCel, Inc. is pursuing the licensing of other technologies for therapeutic use. National Stem Cell, Inc. is Proteonomix’s operating subsidiary. The Sperm Bank of New York, Inc. is a fully operational tissue bank. Proteonomix Regenerative Translational Medicine Institute, Inc. (“PRTMI”) intends to focus on the translation of promising research in stem cell biology and cellular therapy to clinical applications of regenerative medicine. Proteonomix intends to create and dedicate a subsidiary to each of its technologies.
Mercury Computer Systems, Inc. (NASDAQ: MRCY) a trusted ISR subsystems provider, announced that it will present at the William Blair Emerging Growth Stock Conference to be held on October 5, 2010, at the InterContinental Barclay New York Hotel in New York City. On Tuesday, October 5, at 4:15 pm EDT, management will present an overview of the Company�s business.
Mercury Computer Systems is a best of breed provider of open, application-ready, multi-INT subsystems for the ISR market. With 25+ years� experience in embedded computing, superior domain expertise in radar, EW, EO/IR, C4I, and sonar applications, and more than 300 successful program deployments including Aegis, Global Hawk, and Predator, Mercury�s Services and Systems Integration team leads the industry in partnering with customers to design and integrate system-level solutions that minimize program risk, maximize application portability, and accelerate customers� time to market.
Meredith Corporation(NYSE: MDP), the leading media and marketing company serving American women, will publish its Diabetic Living and Parentsbrands in India and Azerbaijan, respectively, under license with leading media partners in those markets. These agreements increase Meredith’s total international reach to approximately 60 countries.
In India, MaXposure Media Group (India) Pvt Ltd. will publish a quarterly localized edition of Diabetic Living. It is expected to be available in India via both subscription and on the newsstand in 2011. In Azerbaijan, Caucasus Print Media will publish a localized monthly edition of Parents. It is expected to be available in Azerbaijan via subscription and on the newsstand in 2011.
“These new partnerships highlight the very wide appeal of Meredith’s brands, and our deep knowledge of the parenthood and health categories in particular,” said John Zieser, Meredith’s Chief Development Officer.
Diabetic Living features cutting-edge research along with diet, exercise, food, nutrition and health information. It is dedicated to providing action-oriented information to help consumers improve their quality of life.
Parents is the No. 1 parenthood brand In the United States.
Merge Healthcare Incorporated (NASDAQ: MRGE), a leading health IT solutions provider, has added two new customers to its user group of perioperative solutions. Exempla Saint Joseph Hospital, one of the largest non-profit hospitals in the Denver metropolitan area, and Kalispell Regional Medical Center and The Surgery Center of Northwest Healthcare in Kalispell, MT, have selected Merge�s Anesthesia Information Management System (AIMS).
Merge Healthcare develops software solutions that automate healthcare data and diagnostic workflow to create a more comprehensive electronic record of the patient experience. Merge products, ranging from standards-based development toolkits to fully integrated clinical applications, have been used by healthcare providers worldwide for over 20 years.
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