latest news releases from the newsroom
Avigen Reports Third Quarter 2007 Financial Results
ALAMEDA, Calif., Oct. 24, 2007 (PRIME NEWSWIRE) -- Avigen, Inc. (Nasdaq:AVGN), a biopharmaceutical company innovating therapies for the treatment of chronic neurological conditions, today reported financial results for its third quarter ended September 30, 2007. At September 30, 2007, Avigen had approximately $85 million in financial assets, including cash, cash equivalents, and available-for-sale securities and restricted investments, compared with approximately $90 million at June 30, 2007 and $71 million at December 31, 2006. More complete financial results are detailed in the financial tables below.
American Food Holdings, Inc.
American Food Holdings Announces the Opening of 10th Beef Jerky Outlet
MACOMB, Mich., Oct. 24, 2007 (PRIME NEWSWIRE) -- American Food Holdings, Inc. (Pink Sheets:AFHN) is proud to announce the opening of its 10th outlet store in Sterling Heights, MI. AFHN currently owns five Beef Jerky Outlets, while five are independently owned but distribute for American Food Holdings, Inc. Dennis Reinhold, President of American Food Holdings states, "We are excited to open a corporate owned store in Sterling Heights for many reasons, but the proximity to a major mall being Lakeside Mall gives us tremendous exposure and a steady flow of potential customers that travel the surrounding streets." The Beef Jerky Outlet offers all varieties of meat snacks that American Food Holdings manufactures. American Food Holdings, Inc. manufactures and distributes meat snacks to 300 distributors across the USA.