HANA, Hawaii, Dec. 13, 2005 (PRIMEZONE) -- Maui General Store, Inc. (OTCBB:MAUG) and Palmera Holdings, Inc., dba Trinity BioGenics, announced today that a definitive agreement has been reached to merge the two companies. 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. 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. "We are excited to have reached an agreement with Trinity BioGenics," stated Maui General Store CEO Richard Miller, adding that "we are looking forward to a long and prosperous relationship with a truly visionary company."
For more information on Trinity BioGenics go to their website:www.TrinityBioGenics.com
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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