latest news releases from the newsroom
Diamyd Medical AB
Diamyd Medical Appoints Protein Sciences 'USA' for Production of Its Lead Therapeutic Diabetes Vaccine for Phase III-Trials and to Submit an IND to the FDA
STOCKHOLM, Sweden, Dec. 19, 2005 (PRIMEZONE) -- Diamyd Medical AB (OMX:DIAMB) today announced that is has reached an agreement with Protein Sciences Corporation, a Meriden, CT-based biopharmaceutical service company, for production of Diamyd(tm), its lead therapeutic diabetes vaccine. Under the terms of the agreement, Protein Sciences (PSC) will produce Diamyd Medical's lead therapeutic diabetes vaccine for Phase III trials, as well as prepare to file an Investigational New Drug Application (IND) with the U.S. Food & Drug Administration (FDA). Diamyd Medical also is participating in Protein Sciences' current round of financing, with a US$3 million investment.
Bank Outsourcing for Online Transactions Grows in 2005 According to CashEdge
NEW YORK and SAN JOSE, Calif. , Dec. 19, 2005 (PRIMEZONE) -- CashEdge, the leading provider of online financial applications, today announced that it signed more than 160 new banks and credit unions to its client list during the 2005 calendar year. That brings the total number of financial institutions using CashEdge's online financial applications to more than 450. CashEdge products include account opening, account funding and funds transfer solutions, among others. The company also introduced a suite of products for small business banking in October.
Timberline Resources Corporation
Timberline Signs Letter of Intent to Acquire Kettle Drilling Company
SPOKANE, Wash., Dec. 19, 2005 (PRIMEZONE) -- Timberline Resources Corporation (Pink Sheets:TBLC) announced today that it has signed a Letter of Intent ("LOI") to acquire Kettle Drilling, Inc. ("Kettle") of Coeur d'Alene, Idaho. Kettle is a closely-held company that provides drilling services to the mining and mineral exploration industries, combining state of the art equipment, world-class technical expertise, innovative thinking, and an impeccable safety record to support leading mining companies across North America and worldwide. Kettle has recorded over $5 million in revenue for 2005 and has been profitable every year since its inception in 1996.
Solomon Technologies, Inc.
Solomon Signs Letter of Intent To Acquire Technipower
TARPON SPRINGS, Fla., Dec. 19, 2005 (PRIMEZONE) -- Solomon Technologies, Inc. (OTCBB:SOLM) announced today that it has signed a letter of intent to acquire Technipower LLC, a Danbury, Connecticut-based manufacturer of power supplies and related equipment for the defense, aerospace and commercial sectors. Technipower provides high value-added, precision, direct current power supplies and power supply systems for applications where high reliability and ruggedness are critical. Technipower's expertise in magnetics, high density circuit design and systems engineering are well established.
Identity Theft Victim Sues for Credit Repair Violations
NEW YORK, Dec. 19, 2005 (PRIMEZONE) -- A lawsuit has been filed in federal court in Connecticut against a Florida account servicer for alleged violations of the Credit Repair Organizations Act. The lawsuit alleges that the servicer, Superior Asset Management of Clearwater, Florida, failed to delete the T-Mobile cellular phone account from the plaintiff's credit report as promised. The plaintiff, a victim of identity theft, alleges that she never had a T-Mobile account, but the servicer solicited a payment from her in exchange for the deletion of the account, which she needed for a loan refinancing. The lawsuit alleges that Superior Asset kept the plaintiff's payment but failed to correct the credit report as promised. The lawsuit seeks compensatory, statutory and punitive damages. The suit was filed by Robert B. Clark of Clark Law Offices in Trumbull, Connecticut.
Medeco Security Locks, Inc.
Guide to Developing Key Control Policies Now Available from Medeco
SALEM, Va., Dec. 19, 2005 (PRIMEZONE) -- To help businesses more securely manage keys to their facilities, Medeco Security Locks today announced the availability of the Guide to Developing and Managing Key Control Policies and Procedures. The new guide serves to enhance safety and security for businesses through the development of formal policies on the distribution and duplication of keys to ensure proper access control.