latest news releases from the newsroom
External Financing of SEK 165 Million Secured for Q-Med's Oxalate Project
UPPSALA, Sweden, July 11, 2005 (PRIMEZONE) -- Through a recently completed transaction Q-Med became the sole owner of a project that aims to reduce oxalate-based kidney stones, which occur primarily in children with a congenital liver defect and patients with intestinal disease. The project is now entering a new, exciting phase which requires focused efforts to be successful. A product company, OxThera AB, has been formed for this purpose, and the project has received a financial injection of SEK 165 million via a new share issue directed at the risk capital companies Health Cap and SLS Venture (Scandinavian Life Science Venture). Q-Med AB now owns just over 19% of OxThera AB. Jon Heimer, previously in charge of the oxalate project within Q-Med, is the CEO of OxThera. Jon thereby leaves his employment at Q-Med.
Education Realty Trust, Inc.
Education Realty Trust Declares Quarterly Cash Dividend
MEMPHIS, Tenn., July 11, 2005 (PRIMEZONE) -- Education Realty Trust, Inc. (NYSE:EDR), America's most experienced provider of collegiate student housing, today announced that its board of directors has declared a cash dividend of $0.30 per share of common stock for the quarter ended June 30, 2005. The dividend is payable on August 8, 2005 to stockholders of record at the close of business on July 18, 2005.
Universal Property Development and Acquisition Corporation
Universal Property Development and Acquisition Corporation Announces Merger
JUNO BEACH, Fla., July 11, 2005 (PRIMEZONE) -- Universal Property Development and Acquisition Corporation (OTCBB:UPDA), a Nevada corporation, will file a Form 8-K announcing its merger with ProCore Group, Inc.(PCRG), a California corporation. As a result of this action, the outstanding shares of the corporation will be reduced from nearly 300,000,000 to approximately 3,000,000.
ActiveCore Technologies, Inc.
ActiveCore Compliant on Filing Requirements
TORONTO, July 11, 2005 (PRIMEZONE) -- ActiveCore Technologies, Inc. (OTCBB:ATVEE), a Company that operates a group of subsidiaries and divisions in the U.S., U.K. and Canada that offer a Smart Enterprise Suite of products, announced today that it has received confirmation from the Nasdaq that it has evidenced compliance with respect to its filing requirements. As such, it is the Company's expectation that its ticker symbol will revert to ATVE shortly.