latest news releases from the newsroom
Crucell and DSM Announce PER.C6(R) Licensing Agreement with Chiron for Monoclonal Antibody Production
LEIDEN/SITTARD, The Netherlands, June 15, 2004 (PRIMEZONE) -- Dutch biotechnology company Crucell N.V. (Euronext:CRXL) (Nasdaq:CRXL) and allied contract manufacturer DSM Biologics announced today that Crucell has signed a PER.C6(R) research license agreement with Chiron Corporation. Chiron is a California-based biotechnology company with global Blood Testing, Vaccines and BioPharmaceuticals businesses. This license allows Chiron to research and preclinically develop its portfolio of recombinant monoclonal antibody products using Crucell's PER.C6(R) technology.
Converium Holding AG
Converium Successfully Sponsors Multi-Peril Second Event Catastrophe Bond
ZUG, Switzerland, June 15, 2004 (PRIMEZONE) -- Converium Ltd. today announced the successful private placement of US$ 100,000,000 of floating rate notes issued by Helix 04 Limited, a Bermuda special purpose exempted company. By means of a counter party contract with the issuer, the transaction provides Converium with fully collateralized second and subsequent event protection for North Atlantic hurricane, US earthquake, Japanese earthquake and European windstorm property catastrophe exposures. The notes are triggered only by second and subsequent events in any of the four peril regions during the five-year term of the transaction.
Toll Brothers, Inc.
Toll Brothers, Inc. Announces Extension of Exchange Offer for 4.95% Senior Notes Due 2014
HUNTINGDON VALLEY, Pa., June 14, 2004 (PRIMEZONE) -- Toll Brothers, Inc. (NYSE:TOL) today announced that the exchange offer for the outstanding 4.95% Senior Notes due 2014 in the aggregate principal amount of $300,000,000, issued by its wholly-owned subsidiary, Toll Brothers Finance Corp., has been extended until 5:00 p.m., New York City time, on June 15, 2004. The extension of the exchange offer will allow holders of the notes additional time to tender their notes for exchange.
Cell Power Technologies, Inc.
Cell Power Technologies Obtains Financing
BROOKLYN, June 14, 2004 (PRIMEZONE) -- Cell Power Technologies, Inc. (OTC:CLPW) today announced that it raised gross proceeds of $648,000 from the sale of its securities. The funds were raised following an initial closing held by the Company of a private placement of units of its securities to certain private and institutional investors of up to $3 million. The Units consist of 32,000 shares of Common Stock and five year warrants to purchase up to an additional 32,000 shares of common stock at a per share exercise price of $1.25, provided that the exercise period may be reduced under certain conditions. The per Unit price is $24,000. In the Offering, subscription amounts are deposited into an escrow account pending closing.
A VoIPMDU.COM Discussion On Company's Share Price Fluctuations
VANCOUVER, British Columbia, June 14, 2004 (PRIMEZONE) -- Today's price fluctuations of the Company's shares underline the fact that VoIPMDU.COM (Pink Sheets:VPMD) is involved in the one of the most rapidly growing segments of the telecommunications industry . . . Voice Over Internet Protocol (VoIP). The Company's development of its VoIP product suite, its billing platform, its recent alignment with its venture partner, INSINC (www.insinc.com) for the past 18 months are all valid reasons to illustrate the fact that the Company's share price has been extremely undervalued for several months.
Mass Connections Leads National Campaign to Promote Improved Childhood Nutrition
CERRITOS, Calif., June 14, 2004 (PRIMEZONE) -- Mass Connections, the nation's leader in retail marketing services and consumer-related promotions, has partnered with a leading children's advocacy group, KidsPeace(r), to promote and educate consumers on improving child nutrition and combating youth obesity. The campaign motto is "Join the Fight, Help Kids Eat Right(tm)," and Mass Connections is leading the charge with in-store sampling, educational information and premium give-aways.