HANA, Hawaii, Nov. 1, 2005 (PRIMEZONE) -- Maui General Store, Inc. (OTCBB:MAUG) is pleased to announce that Gemstone Securities, LLC, is acting as the exclusive financial advisor and placement agent for Palmera Holdings, Inc. d.b.a. Trinity BioGenics in a Private Placement Offering of Common Stock. Trinity BioGenics is a biotechnology company engaged in research and development of unique adult stem cell procedures and patient-specific immune therapies with applications for various conditions and diseases, with a current clinical focus on therapies for heart disease.
Stem cell research is a high-profile subsection of the biotech industry and is receiving a tremendous amount of attention from society in general as well as the investment community. This is due to the revolutionary potential of the technology as well as the ethical and moral debate over embryonic stem cell research. It is important to note that Trinity BioGenics’ research, technology development, and business strategy do not in any way involve embryonic stem cells. In many ways, the most exciting accomplishments to date in stem cell procedures that have actually been done for humans and the most imminent breakthroughs in stem cell research do not even involve embryonic stem cells, although the political debate has caused the spotlight to be focused on that area of research. Members of the scientific community, and increasingly members of the investment community, recognize the great potential that lies in the research and development of therapies and procedures using various types of adult stem cells. Trinity BioGenics is excited and eager to continue moving forward with the research, development and ultimately the commercialization of its own cutting edge adult stem cell therapies for treating some of the world’s oldest and most feared diseases and conditions.
The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.
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