latest news releases from the newsroom
SARS Announces Acquisition of Interest in Channel Parnter
SEATTLE, May 14, 2009 (GLOBE NEWSWIRE) -- SARS Corporation (Pink Sheets:SARO) ("SARS" or the "Company") announces an agreement to acquire 49% interest in Kern Automotive Group, Inc. ("Kern Automotive"). Kern, a growing Georgia based pre-owned automobile distributorship, intends to employ SARS' tracking technology to more efficiently manage its inventory. Additionally Kern, which originates many of its loans for sale of its vehicles, will use SARS' technology to track the locations of vehicles for which financing payments become delinquent.
Plastics Conversion Technologies Inc.
Plastics Conversion Technologies, Inc., Wisconsin State Department of Commerce and City of Fon du Lac Approve the Issuance of Industrial Revenue Bonds to Raise Up to $20,000,000
SPOKANE, Wash., May 14, 2009 (GLOBE NEWSWIRE) -- GeoBio Energy, Inc. (Pink Sheets:GBOE), d/b/a Plastics Conversion Technologies, Inc., (PCT) a Colorado-based plastics cleaning, separation, and recycling company, today announced a funding development agreement with the State of Wisconsin and City of Fon du Lac. The agreement will allow PCT to take advantage of a Wisconsin State Department of Commerce program supporting the issuance of Industrial Revenue Bonds, and to raise up to $20MM via this investment vehicle.
Marsh Communications Announces Two New Bank Partnerships
ATLANTA, May 14, 2009 (GLOBE NEWSWIRE) -- Marsh Communications LLC, a financial services investor relations and PR firm, announced that it has begun new communications partnerships with Provident New York Bancorp (Nasdaq:PBNY), the Montebello, N.Y.-based parent company of Provident Bank, and Security Bank Corporation (Nasdaq:SBKC), the holding company of Security Bank, headquartered in Macon, Ga.
Asubio Pharmaceuticals, Inc.
Study Shows Piclozotan Improves Both Dyskinesia and OFF Time in Parkinson's Disease Patients On Levodopa Therapy
ROCHELLE PARK, N.J., May 14, 2009 (GLOBE NEWSWIRE) -- Asubio Pharmaceuticals, Inc. will present new data on the efficacy and safety of Piclozotan in improving both dyskinesia and OFF time in Parkinson's Disease (PD) patients on levodopa who experience motor complications. Such motor complications may substantially reduce the benefit of levodopa, the gold-standard of therapy. In a two-day pilot study, Piclozotan increased dyskinesia-free ON time and reduced OFF time in patients controlled on levodopa. Patients seemed to acclimate rapidly to the main adverse events (nausea/vomiting, headache and dizziness) of Piclozotan. Overall safety was consistent with other 5-HT1A agonists. "An agent that improves both OFF time and dyskinesia would allow for better optimization of levodopa, which would be of significant benefit to PD patients," said Dr. Jacob Sage, MD, Professor of Neurology at the Robert Wood Johnson Medical School in New Brunswick, NJ, the study's Primary Investigator. The data will be presented at the Movement Disorder Society's 13th International Congress of Parkinson's Disease and Movement Disorders, June 7-11 in Paris, France. Preclinical data supporting the clinical results will be also presented by Asubio Pharma Co. Ltd. at this meeting.
Wall Street Transcript Interviews NaturalNano, Inc. Acting President and CEO, James Wemett
ROCHESTER, N.Y., May 14, 2009 (GLOBE NEWSWIRE) -- NaturalNano, Inc. (OTCBB:NNAN) (Frankfurt:N3N), a developer of extended release technologies and supplier of polymer additives based on naturally occurring nanomaterials, is featured in an interview by Wall Street Transcript. The interview will appear in the May 18th issue. Commenting on the interview, Mr. Wemett, said, "We are pleased that The Wall Street Transcript has chosen to feature NaturalNano in its May 18th issue and on their website. This increased attention being paid to NaturalNano's controlled release HNT technology, Halloysite Natural Tubular products and their market potential plus our extensive patent portfolio is exciting."
Deal Volume Tumbles At the Start of 2009 in the Global Transportation & Logistics, Industrial Manufacturing, Metals, and Chemicals Industries, Finds PricewaterhouseCoopers
NEW YORK, May 14, 2009 (GLOBE NEWSWIRE) -- The pace of mergers and acquisitions drastically declined across industrial products sectors, according to a series of first-quarter M&A reports released today by PricewaterhouseCoopers LLP (PwC). Deal volume in the global transportation and logistics (T&L), industrial manufacturing, metals, and chemicals industries came to a near halt in first quarter 2009 as economic uncertainties continued to loom across the globe.