latest news releases from the newsroom
Aspire Clean Tech Communications, Inc.
Aspire Engaged by Power Efficiency as Corporate Communications Firm
SAN DIEGO, Nov. 10, 2008 (GLOBE NEWSWIRE) -- Aspire Clean Tech Communications, Inc., a corporate communications and strategic advisory firm dedicated to the renewable energy and clean tech markets, announced today that it has been engaged by Power Efficiency Corporation (OTCBB:PEFF) to provide corporate communications and advisory services.
Vostok New Ventures Ltd.
Vostok Nafta: NET ASSET VALUE OF VOSTOK NAFTA INVESTMENT LTD AS OF OCTOBER 31, 2008
Net asset value per share: USD: 7.00, SEK: 54.31
Change in net asset value (USD/share) October 2008: -35.8%
RTS index development, October 2008: -36.2%
Three largest holdings, October 31, 2008 (Share of stockholdings):
1. Black Earth Farming 20.4%
2. TNK BP Holding Pref 6.2%
3. Kuzbassrazrezugol 4.4%
Vostok Nafta’s estimated net asset value as of October 31, 2008 amounted to
approximately USD 322.09 mln (SEK 2,499.55 mln according to USD/SEK 7.76). The
XOMA Restructures Drug Development Collaboration Including Oncology Drug Candidate HCD122
BERKELEY, Calif., Nov. 10, 2008 (GLOBE NEWSWIRE) -- XOMA Ltd. (Nasdaq:XOMA), a leader in the discovery and development of therapeutic antibodies, today announced the restructuring of its product development collaboration with Novartis Vaccines and Diagnostics, Inc. ("Novartis"), which involves six development programs including the ongoing HCD122 program. Under the restructured agreement Novartis will make an upfront payment to XOMA of $6.2 million; fully fund all future R&D expenses; reduce existing debt by $7.5 million; pay potential milestones of up to $14 million and double-digit royalty rates for two ongoing product programs including HCD122; and provide XOMA with options to develop or receive royalties on four additional programs currently pending selection. In exchange, Novartis will have control over the HCD122 program and the additional ongoing program, as well as the right to expand the development of these programs into additional indications outside of oncology. As part of the agreement, NVS will pay XOMA for all project costs incurred after July 1.
VCG Holding Corp.
VCG Holding Corp. Announces 2008 Third Quarter Financial Results
DENVER, Nov. 10, 2008 (GLOBE NEWSWIRE) -- VCG Holding Corp. (Nasdaq:VCGH), a growing and leading consolidator and operator of adult nightclubs, today announced financial results for the third quarter and nine months ended September 30, 2008 (see attached tables).