latest news releases from the newsroom
Tripep Forms New Vaccine Company in the U.S.
HUDDINGE, Sweden, Aug. 28, 2003 (PRIMEZONE) -- The Board of Directors of Tripep has decided to form a new vaccine development company in the U.S. together with researchers at the Vaccine Research Institute of San Diego (VRISD). The company will be known as VLP Biotech Inc and will be based in San Diego, California. Tripep's initial investment of USD 500,000 will give it a 30 per cent holding in the company. Initially, the company will be focusing on developing a general vaccine against the Influenza A virus, as well as vaccines against Alzheimer's disease and for use in treating allergies. The company is being formed so that Tripep and VRISD may both capitalise on the latter's unique vaccine platform, which is based on virus-like particles (VLP). Tripep's scientific contribution to the joint company will consist of participating in the preparation and development of the vaccine structures that will then be integrated into VLP Biotech's vaccine platform. One of the members of VLP Biotechs Scientific Advisory Board (SAB) will be Dr. Maurice Hilleman, Director of the Merck Institute for Therapeutic Research. Dr. Hilleman in his capacity as head of Merck Sharp & Dohme's vaccine division has led the development of vaccines against measles, mumps, and rubella as well as hepatitis A and hepatitis B.
Vermilion Shores Schedules Grand Opening for August 30
AKRON, Ohio, Aug. 28, 2003 (PRIMEZONE) -- Vermilion Shores Development Group, LLC today announced that its Grand Opening will commence on August 30, 2003. Vermilion Shores is a luxury residential complex, located on Lake Erie in the village of Vermilion, Ohio. The complex includes waterfront condominiums, villas and amenities along 2,000 feet of previously undeveloped shoreline.
Crew Gold Corporation
Crew Development Corporation: NOK 120 Million Convertible Bond Issue
VANCOUVER, B.C., Aug. 28, 2003 (PRIMEZONE) -- Crew Development Corporation ("Crew") (TSE:CRU) (OSE:CRU) (Frankfurt:KNC) (Other OTC:CRWVF): Crew Development Corporation (Crew) is pleased to announce that it has placed a NOK 120 million three-year convertible loan with three major international institutions based in London. The loan is denominated in NOK with a 9% coupon and conversion of principal at NOK 3.60 per Crew share. The right to convert is on the bondholders' hand. The maximum number of shares that may be issued upon conversion of the bonds is 33.3 million shares, resulting in a maximum dilution factor of 19%. Closing date for the bond issue is September 8th 2003, and an application for the listing of the bond including prospectus will be submitted to the OSE.
ViaStar Holdings, Inc.
Viastar's Moving Pictures Takes on Hollywood once again
PHOENIX, Aug. 28, 2003 (PRIMEZONE) -- Viastar Holdings, Inc. (OTCBB:VISH) announces the formation of Moving Pictures International's strong Hollywood presence. Moving Pictures, the international film trade publication founded by John Campbell, has reopened and expanded their Los Angeles office by naming Liza Foreman, formerly with Variety, their U.S. Editor. Moving Pictures will dramatically expand their content and circulation in Hollywood, Europe, New York and Canada.
Renegade Venture Corporation
Renegade Venture's Hamilton Aerospace Technologies Agrees to Contracts for Maintenance on Two More Aircraft for Falcon Air
TUCSON, Ariz., Aug. 28, 2003 (PRIMEZONE) -- Renegade Venture (NEV.) Corporation, a public Nevada corporation (OTCBB:RDVN) announced today that its wholly owned subsidiary, Hamilton Aerospace Technologies, has agreed on two contracts with Falcon Air Express, a major charter operator, to perform heavy FAA-mandated "C" checks, including corrosion inspection and repair, mandated FAA airworthiness directives, as well as other client-required work on both a Boeing 727-200 and on a new addition to their fleet, a Boeing 737-300. The contracts are worth an additional $1.2 million to Hamilton.