latest news releases from the newsroom
BioCurex Inc. Announces Company's Consideration of 'Certificate Only' Trading as Part of an Overall Re-Structure Initiative
RANCHO SANTA MARGARITA, Calif., Jan. 15, 2003 (PRIMEZONE) -- BioCurex Inc. (OTCBB:BOCX) announced today that it is considering a strategy which includes the possible adoption of "custody only" or "certificate only" trading of its shares as a measure to protect naked short selling of the company's stock. The Company continues to be concerned about what it perceives as an artificially depressed stock price. Dr. Moro, President of BioCurex, states, "We are one of very few young biotechnology companies with products available and we have a superb technology platform for diagnostic and therapeutic management of cancer. We also have issued patents, regulatory approvals in North America and distributors for our first products. Further, our continued development of a blood test for cancer detection is progressing well and we have recognition of our RECAF technology in a licensing agreement. The hard cash investment that went into the company to achieve all this progress is several times higher than the company's market capitalization. Therefore, we are frustrated by what we believe to be 'naked shorts,' which have driven down our valuation substantially. We are beginning to institute an overall restructure our company in order to maximize the shareholder value and financing opportunities." Within this context, the company has accepted Dr. P. Slowey's resignation as our CEO while working on a consultancy arrangement for sales and business development.
Kansas State University Selects Virage for Digital Library
SAN MATEO, Calif., Jan. 15, 2003 (PRIMEZONE) -- Virage, Inc. (Nasdaq:VRGE), a leading provider of video and rich media communication software, today announced that Kansas State University (K-State) has implemented Virage software to establish the University's first digital library. As part of an initiative to provide campus-wide portal access to the entire K-State community, the K-State Library was tasked to implement a digital repository with key University media assets. The first phase involves transforming more than 30 years of audio and video recordings of the Alfred M. Landon Lecture Series on Public Issues to the web. Leveraging the Virage publishing software, the K-State digital library will also offer online access to the lecture series as well as to classroom and other reference content.
AAMPRO Group, Inc.
AAMPRO GROUP, Inc. Acquires Payroll Services Company and Launches New Payroll Processing Service 'AAMPROPAY'
WHITEHOUSE, N.J., Jan. 15, 2003 (PRIMEZONE) -- AAMPRO GROUP, Inc. (OTCBB:TDSY) announced today that it acquired AMSTAFF, Inc., a computerized payroll and administrative services company. The transaction was structured as an asset purchase with the consideration being paid in stock options on an earn-out basis. The acquisition closed January 2, 2003. Concurrent with the acquisition, AAMPRO formed a new subsidiary entitled AAMPROPAY, LLC. to market the payroll services. AAMPRO CEO, Stephen Farkas commented: "The payroll services sector is an important component of our growth strategy and this will help leverage our existing marketing campaign to cover a broader target market." Terri Munkirs, CEO of AMSTAFF, stated: "We are very excited and look forward to contributing to such a vibrant organization."
IT Provider Raises Euro 130 Million for Nordic Venture Capital
STOCKHOLM, Sweden, Jan. 15, 2003 (PRIMEZONE) -- IT Provider, a leading venture capital firm in the Nordic market, today announced the successful first closing of IT Provider Fund IV, with signed commitments of approximately SEK 1.2 billion (EUR130 million). IT Provider has secured commitments from prominent existing investors including the Sixth Swedish National Pension Fund and interests associated with the Rausing family as well as new investors including ATP Private Equity, the European Investment Fund and the Third Swedish National Pension Fund.