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Cytorex wins Second Prize in the
Ideas 2005 Contest |
Source:
El Nacional – Friday 18 November 2005 A/18 (Caracas, Venezuela)
Stategy & Business DANIELA KAMMOUN
Ideas 2005: 692 Projects were presented
Cytorex de Venezuela S.A., a wholly Venezuelan owned
subsidiary of Cytorex Biosciences, Inc. , of Weston, Florida, won second
place among all the projects accepted in the IDEAS 2005 contest in
Venezuela.
The third edition of the contest was announced six
months ago by Innovex, Cantv, Banco Mercantil, Siemens and McKinsey &
Company, and organized by the Law Firm of Ortega, Palacios and
Associates,
and the Superior Institute for Administrative Studies (IESA). 1,621
participants registered, and a total of 692 projects were presented.
Calling for projects was sponsored by 18 companies,
such as: Chevron, Sidor, Cadiven-Éxito, Empresas Polar, Procter &
Gamble, IBM, Cargill, El Nacional, Globovisión, Venoco, Acumuladores
Duncan, Fondo de Valores Inmobiliarios, Alfonzo Rivas, Envases
Venezolanos, Exxon Mobil & Inelectra.
Treatment for Cancer
The Cytorex team composed of William
Jimenez, Carlos
M. García, and David Martucci deserved the second place
of the contest with their idea to produce two patent pending, low pH
(acidic) medications for the
treatment of cancer and diseases of immunological origin: Cytoreg® and
CytoregUNO™, which work very fast in the treatment of malignant tumors,
acting selectively in cancer cells, inducing their death, while leaving
normal cells untouched.
Among the competitive advantages of the products are
low production cost, and low toxicity. The project requires Five Billion
Bolivars (2.3 Million US$) in its initial phase to develop the compounds
in Venezuela.
The organizers consider that the Ideas 2005 contest
was very successful, and are preparing to organize Ideas 2006, early
next year.
For more
information in the USA, please contact:
press@cytorex.com, or call
954-573-4006
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The Top 50 Emerging
Companies Voted by 100 Venture Capital Funds & Angel Investors
FundingPost announces the
winners of the Second Annual Pitching Across America™, the
largest Venture Capital competition ever.
New York City (PRWEB)
October 26, 2005 -- FundingPost (www.FundingPost.com)
proudly announced today the winning companies from its second
annual Pitching Across America™ competition.
FundingPost, which has been introducing entrepreneurs to
investors for almost 5 years, established the competition in
which 100 Venture Capital Funds and Angel Investors participated
as judges, voting on 300 business summaries from emerging
companies nationwide. The largest Venture Capital competition
ever organized, this year’s Pitching Across America was
sponsored by Wolf Block and PRNewswire.
The emerging companies were evaluated on a scale of 1 to 10.
Judging criteria consisted of several key points including: the
professionalism of the written summary, current stage of
development (customers, revenue), competitive advantage and need
in the marketplace, feasibility for success, and whether the
company is “VentureWorthy™.”
“We are delighted to have had another successful year of the
Pitching Across America competition. Again the response and the
level of interest from both the Venture and Angel community and
the entrepreneurs who participated was outstanding,” said Joe
Rubin, Director, FundingPost, “These entrepreneurs represent
some of the most promising emerging companies in the U.S. this
year.”
"It was another great year for Pitching Across America and a
real testimony to FundingPost's value added service to the
entrepreneur & venture capital community,” said Josh M. Eudowe,
Managing Director, Santa Monica Partners Asset Management. “I
reviewed some great companies and look forward to learning of
the winners.”
National Winner: CSX Fiber Networks, Virginia
Upon closing of a management buyout, CSX Fiber Networks is a
$10mm subsidiary of the Fortune 250 CSX Corporation.
CSX Fiber Networks, provides network and infrastructure services
to the largest US carriers including AT&T, MCI, Sprint, Cingular,
Nextel and Verizon and the US Government. The Company offers
network infrastructure deployment, financing, optimization,
integration, maintenance, and management throughout the
continental US.
Leveraging its professional services, infrastructure deployment,
financing, and staffing capabilities, the company offers
solutions that significantly improve the price/performance of
existing communications networks enabling clients to better
serve their customers while improving operating economics. The
design and delivery of these custom infrastructure solutions
leverages proprietary tools and assets, including FiberSource, a
knowledge and relationship base delivering access to over
350,000 route miles of telecom network infrastructure and over
530 metropolitan fiber networks nationwide.
Runner-Up: Controlled Semiconductor, Inc., Florida
ConSemi is manufacturer of LCD and Semiconductor Process
Equipment. We hold several patents in the industry ranging from
photomask through failure analysis. ConSemi launched our MRT
(Mask Repair Tool) in 2004 and have sold several of these
systems to the top LCD manufacturers in the world. We have only
1 competitor in this industry and currently we are 3-5 years
ahead of them in technology. ConSemi has developed and patented
systems and processes in the production and test of the latest
leadframe process with our L2S2 product. We have also patented
and will be soon launching our FATcat System (Failure Analysis
Tool). This system has NO competitor and our only competition is
a dangerous and uncontrollable process using fuming nitric acid.
ConSemi also has several other products in R&D.
Runner-Up: Innovation Asset Group (IAG), Oregon
Innovation Asset Group, Inc. (IAG) is an Oregon c-corporation
formed in May of 2002. It has created a next-generation software
system called DECIPHER™ that enables companies, in real-time, to
track and manage the most valuable of their assets - their
intellectual property (“IP”) and other intangibles, related
contracts, and how it all interrelates. Most companies in our
target market have no clear visibility of these critical assets
and the important information around them. As a result, they
are: (1) Not effectively managing their most valuable asset
base; (2) Exposed on the liability side more than necessary (3)
Shipping (and paying for) products & services after contracts
have expired; (4) Not collecting (or paying) royalties; (5)
Using more administrative personnel than necessary; and (6)
Paying more money and spending more time than necessary to roll
up this information for compliance and internal reporting
purposes. We go directly at this problem with an integrated
solution. Having launched in late 2004 and already with eleven
customers from coast to coast and internationally, all of whom
are providing excellent feedback, IAG is positioned for a major
land grab in a significant market where exit transaction values
are extremely interesting.
State Winners: CSX Fiber Networks, VA Papercutz, NY Controlled Semiconductor, Inc., FL
EnerGenetics International, Inc., IA Innovation Asset Group (IAG), OR
Aneurtonic, Inc., IL Helissio Technologies Inc., FL
bioSAA, Inc., ME Nano Interface Technology, Inc., VA
Wind Ventures Inc, WI Elox Pharmaceuticals, Inc., MA
Cytorex
Biosciences Inc., FL Cyclone Technologies LLP, FL
PACT Mfg., LLC, TN Healthwave, Inc., NY
Azora LLC., TX Parallel Computers Technology Inc., PA
Rent A Toll, Inc. (R.A.T.), TX Accentus, LLC, NH
ConeTeq, LLC, MA Nephrocelltech, LLC, UT
Prospect Strategies HCW Inc., NV BAN-COMEX, CO
Futuristic Homes International, Inc., PA Fourteen40 LLC, UT
The U.S. Condo Exchange, LLC, NY Gridlogix, MO
Media Street, Inc., NY LightSpace Technologies, Inc., CT
LandCell Systems, Inc, CA Bridgeway Systems, Inc., CA
Dakov, NY Psychology Online, Inc., CA
NETRIPLEX LLC, MA HRexcelerator, IL
the ZorA toys company, LLC, MA XtremePower Solutions, TX
Obvient Strategies, Inc., GA Senscient, TX BRAŃA, FL Nouvonet Corporation, CA
Avenger Engineering L.L.C., GA Advanced Video Technology Corporation, CO
Porter Industries, OH DataMind, MA
Jaysix USA Inc, VA Broadband Learning Channel Inc., AZ
Aviation Safety Resources, NJ Visiplex, Inc., IL
Step Up 4 Learning Systems, Inc., NC
Premiere Sponsor: Wolf Block
For more than 100 years, WolfBlock has helped entrepreneurial
companies to flourish. Some of our largest clients today were
once among our smallest clients. We have developed a proficiency
in assisting companies from conception through the venture
capital stage and into a public offering or exit sale. Our 300
lawyers have in-depth experience in a broad range of industries
and practice areas. With seven offices in the Mid-Atlantic
region covering the geographic corridor from New York City to
Washington, D.C., our smaller clients benefit from an unusual
combination: the sophisticated resources of a leading law firm
coupled with a culture of servicing the unique needs of rising
entrepreneurial companies. For more information, contact David
Gitlin, Partner, Corporate/Securities Chair, Wolf Block at (215)
977-2284.
Sponsor: PR Newswire PR Newswire, the world's largest distributor of news releases,
has over 40,000 members worldwide--many of which are small
businesses, entrepreneurs and start-ups. Our members benefit
because their news releases are accessible in the locations
where the media goes to get raw material for their stories. For
additional information, please contact 888-776-0942.
About FundingPost For over four years FundingPost has worked with thousands of
Angel and Venture Capital Investors and Entrepreneurs. With over
2,500 CEOs and 400 Venture Funds attending events in 15 cities
nationwide; a quarterly Dealflow magazine; and a deal-exchange
website that has, on average, seen an introduction of an
Investor to an Entrepreneur every business day since its
inception; FundingPost believes that it is important to reach
investors in every medium possible - both online and offline,
and is experiencing strong growth as the venture capital markets
continue to improve worldwide.
Note to editors: For additional information regarding the
Pitching Across America competition, its winners or the its
judges, please contact Aren Cohen at FundingPost who will
facilitate any one-on-one interviews with FundingPost, the
winning companies or the Venture Capital / Angel investors.
# # #
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Aren Cohen FUNDINGPOST
Visit Our Site 800-461-5509
Email
us Here
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The Top 50 Emerging
Companies voted by 140
Venture Capital Funds &
Angel Investors |
Tuesday
December 14, 2004. 10:01 am ET
FundingPost announces the
winners of Pitching Across
America(TM), the largest Venture
Capital competition ever
NEW YORK, Dec. 14 /PRNewswire-FirstCall/
-- FundingPost (http://www.FundingPost.com)
proudly announced today the
winning companies from its first
annual Pitching Across
America(TM) competition.
FundingPost, which has been
introducing entrepreneurs to
investors for almost 4 years,
established the competition in
which 140 Venture Capital Funds
and Angel Investors participated
as judges, voting on 400
business summaries from emerging
companies nationwide. This was
the largest Venture Capital
competition ever organized,
sponsored by Wolf Block, Holland
& Knight, TriNet, and PRNewswire.
The emerging companies were
evaluated on a scale of 1 to 10.
Judging criteria consisted of
several key points including:
the professionalism of the
written summary, current stage
of development (customers,
revenue), competitive advantage
and need in the marketplace,
feasibility for success, and
whether the company is "VentureWorthy(TM)."
"We were thrilled with the
response and the level of
interest from both the Venture
and Angel community and the
entrepreneurs who participated
in Pitching Across America(TM),"
said Joe Rubin, Director,
FundingPost, "The investors
voted these entrepreneurs as
some of the most promising
emerging companies in the U.S."
"FundingPost's latest Pitching
Across America event was
stellar," said Bill Funcannon,
Partner, OVP Venture Partners.
"As a judge representing the
top-tier fund in the Pacific
Northwest, I was impressed by
the 50 companies selected from a
list of more than 400 entries.
The start-ups chosen for the
final round represented real
balance of companies between
earlier- and later- stage
investing. There is a natural
mix of winners from industry
segments based on market
opportunities, and a balance
between risk and reward for
venture capitalists and
entrepreneurs alike."
"The FundingPost competition
provided an efficient vehicle in
which a busy VC could quickly
evaluate many investment
opportunities," said Daniel
Penberthy, Rand Capital. "Much
has been said about
entrepreneurs always having
their 'elevator speech' ready.
Well, this is the 'elevator of
today' and entrepreneurs need to
be able to summarize their
business opportunity in a few
paragraphs instead of minutes,
if they are to be successful in
today's fundraising environment.
FundingPost's competition helped
to accomplish this, and provided
an introduction to three new
investment opportunities in my
region."
National Winner: Remote Play,
Inc.
Founded to commercialize its
innovative RFID-Command &
Control and RFID- Distance
Estimation wireless technology.
This patented technology, called
SilverLink(TM), brings to market
new and exciting products such
as ChildAlert(TM), a
child-monitoring device.
SilverLink(TM)'s reliable
technology provides the key
ingredient in making these new
products possible. RPI has
invested heavily in perfecting
its technology. SilverLink(TM)
is the first to estimate
distance using RF in a robust
manner. It is also the first to
provide multi-device
discrimination with operating
ranges over 1,000 feet. This
capability is packaged into a
miniature, low-cost, low-power
system that is especially suited
to portable applications.
Advanced Products Laboratories, Inc. (MN)
Appollonia Holdings Ltd. (CO)
Base One International Corporation (NY)
BioSystem Development, LLC (WI)
Canarys Automations Pvt.Ltd (WA)
Cytorex Biosciences Inc. (FL)
Datacomm Management Sciences, Inc. (CT)
ElderMark Solutions, Inc. (MN)
Elox Pharmaceuticals, Inc. (MA)
Ethidium Health Systems (PA)
EZ Payment Solutions Inc. (AZ)
Fat Spaniel Technologies, Inc. (CA)
Freedom 4 Wireless, Inc. (FL)
Ingenuus Software, Inc. (TX)
Integrity Systems Ltd (MO)
Loadstar Sensors, Inc. (CA)
Mapping Solutions Inc. (OR)
Obvient Strategies, Inc. (GA)
On Time Medical Imaging (NM)
Parallel Computers Technology Inc. (PA)
Professional Medical Associates, Inc. (KS)
SDR Pharmaceuticals, Inc. (NJ)
Soy Works Corporation (IL)
The Benevolink Corporation (GA)
Transaction Security, Inc. (MD)
Ultrafit Preventive Medicine Centers (TX)
About FundingPost
For almost four years
FundingPost has worked with
thousands of Angel and Venture
Capital Investors and
Entrepreneurs. With over 3,000
CEOs and 500 Venture Funds
attending events in 15 cities
nationwide, a quarterly Dealflow
magazine, and a deal-exchange
Website that has, on average,
seen an introduction of an
Investor to an Entrepreneur
every business day since its
inception, FundingPost believes
that it is important to reach
investors in every medium
possible -- both online and
offline, and is experiencing
strong growth as the venture
capital markets continue to
improve worldwide.
Note to editors: Please contact
us for additional information or
to schedule interviews with
FundingPost, any of the winning
companies or the Venture Capital
/ Angel investors who
participated as judges.
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Cytorex presents Murine Melanoma Study
Poster in Drug Discovery Boston |
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Weston, Florida August 2, 2004. Cytorex
Biosciences Inc. (Cytorex), a privately
owned Biotechnology company of Weston,
Florida will present at the Drug
Discovery Conference on August 9, 2004.
They will display a poster titled:
“Effect of Cytoreg® on Biomarkers in
B16-F10 Murine Melanoma”. The topic is
the result of a pilot study performed by
Dr. Manzur Hassanhi, MD, Senior Research
Scientist of Cytorex Biosciences Inc.,
and Dr. Elzbieta Izbicka of the
Institute of Drug Development (IDD), San
Antonio, Texas. Over 300 submitted
poster abstracts were reviewed by a
poster review committee to determine the
150 posters to be displayed at this
year's conference. Poster topic
categories were chosen to mirror the
topics covered in conference sessions. |
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This coordinated effort will enable
attendees to easily locate the posters
that relate to their areas of interest.
All posters are located inside the
exhibit hall. “Cytoreg® is a novel
anticancer drug candidate which uses
Hydrofluoric and Sulfuric acids as
active compounds. Upon completion of an
in vivo study performed under a separate
agreement, formalin preserved lung
tissue with B16-F10 metastases was
provided for biomarker analysis.
Quantitative analysis of Bcl-2, Bax,
Smac/Diablo, Survivin, Raf-1, and (P)
Raf-1 was performed in thin sections
from three representative tumor
metastases selected from the drug
treatment group (.654 mg/mouse, p.o., qd
x 5 to end) and the corresponding
control vehicle. Two biomarkers (Bcl-2,
Smac/Diablo) were below detection
limits. Cytoreg® induced some down
regulation in Bax. Biomarkers levels of
Survivin and the (P) Raf-1/Raf-1 ratios
were decreased in the Cytoreg® treatment
group. These finding are consistent with
the pro-apoptotic activity of the drug
and the ability of Cytoreg® to interfere
with tumor signaling pathways in B16-F10
lung metastases” according to Dr.
Elzbieta Izbicka, Head of the Molecular
Targets Laboratory of IDD. |
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About Cytorex Biosciences:
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Cytorex Biosciences Inc is a
privately owned Biotechnology company in
Weston, Florida involved in the
development of Cytoreg® and CytoregUNO™,
the company's novel therapeutic agents
against cancer, currently in
pre-clinical phase. The company is in
the initial stage of a private offering.
This is not to be construed as a
solicitation to offer or sell
securities. For more information on
Cytorex Biosciences, visit the company’s
website at www.cytorex.com, or contact
in the USA, Carlos M. Garcia, COO
(954 573-4006), email:
coo@cytorex.com
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Download Poster Presented at Drug
Discovery Conference (Boston, Aug. 8-12) |
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Acrobat Reader
must be installed to read this document |
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Cytorex
Biosciences Completes Cytotoxicity
Testing With Its Anti-cancer Compound
Cytoreg® |
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For Immediate Release |
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WESTON, Fla./EWORLDWIRE/July 7,
2004 --- Cytorex Biosciences Inc.
reports it has concluded cytotoxicity
testing in cancer and healthy cell
cultures with its proprietary compound
Cytoreg®, with selective cytotoxicity
activity against cancer cells, high
anti-oxidant and free radical stress
capability. In healthy cells tested at
the same doses as cancer cells the
cytotoxicity profile is very low, making
Cytoreg® a potential safe and effective
first line agent for the treatment of
different cancer indications. |
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Testing
performed by CeeTox Inc. in rat hepatoma
(liver cancer) cells, normal hepatocytes
(liver), and normal kidney cells
indicate a distinctive cytotoxic
activity of Cytoreg® in cancer cells.
"Normally I do not impress easily, but
occasionally a project has something
truly large to offer, and I think
Cytorex could be one of these. In
CeeTox, we are very impressed with the
exciting Cytoreg® data, for which we
appreciate the opportunity to be part of
its success," indicated James M. McKim,
Ph.D., President and CEO of CeeTox Inc.
of Kalamazoo, Mich. |
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"Results show a substantial
difference in the levels of inhibition
of cancer cell growth, as well as of
toxicity, which reinforces the
therapeutic potential of Cytoreg®.
Cancer cells present a non-coherent
membrane regarding the receptors which
make them easily identifiable by
Cytoreg®, as if they were naked or
without their regular 'shirts,' and
Cytoreg® can detect them easily to
induce their death, cutting the
proliferation and migration of the same.
Really, we are in front of a great
innovation in the fight against cancer,"
said Dr. James Kumi-Diaka, PhD, Biology
Professor and Cancer Research Scientist
of Florida Atlantic University in Davie,
Fla. |
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Cytorex's preclinical data was
evaluated by the National Cancer
Institute (NCI-Frederick) last year, and
has allowed Cytorex to reach a
collaboration agreement with the NCI
through an extensive research and
development program with Cytoreg® as
potential treatment for Glioblastoma
Multiforme (brain cancer). |
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The Cytoreg® innovative and
breakthrough technology allows the
pharmacological use of compositions that
combine organic acids and inorganic
acids (hydrofluoric and sulfuric, among
others) to treat disease. |
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About Cytorex Biosciences:
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Cytorex Biosciences Inc is a
privately owned Biotech company from
Weston involved in the development of
Cytoreg® and CytoregUNO™, the company's
novel therapeutic agents against cancer
currently in pre-clinical phase. The
company is in the initial stage of a
private offering. This is not to be
construed as a solicitation to offer or
sell securities.
Download:
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Evaluation of
Cytoreg Using In Vitro Toxicity
Screening in Rat Hepatoma (H4IIE) Cells,
Normal Rat Kidney (NRK) Cells, and Rat
Primary Hepatocytes
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HTML:
http://newsroom.eworldwire.com/wr/070704/10424.htm |
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PDF:
http://newsroom.eworldwire.com/pdf/070704/10424.pdf |
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ONLINE NEWSROOM:
http://newsroom.eworldwire.com/2611.htm |
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LOGO:
http://newsroom.eworldwire.com/2611.htm |
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CONTACT: |
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Carlos Garcia |
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Cytorex Biosciences, Inc,
4474 Weston Road No. 108 |
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Weston, FL 33331 |
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PHONE. 954-573-4006 |
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FAX. 954-353-1258 |
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EMAIL:
info@cytorex.com |
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http://www.cytorex.com |
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William Jimenez |
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Cytorex International, Inc. Edif Cámara
de Comercio, Ave. 2 El Milagro Ofic. No.
2 |
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Maracaibo, Venezuela 4001A |
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PHONE. +58 -414-614-0226 |
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EMAIL:
wjimenez@cytorex.com |
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http://www.cytorex.com |
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KEYWORDS:
Cancer, Oncology, Chemotherapy,
Cytotoxicity, Toxicity, Medicine,
Cytorex. |
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SOURCE:
Cytorex Biosciences, Inc. |
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Gathering Of Angels In Pinehurst
Features 2 North Carolina Companies |
May 19th Event Hosted at Pine Needles
Lodge Features Two NC Companies and
Three from Out-of-state
PINEHURST, N.C. 05-17-2004
-- The Gathering of Angels event in
Pinehurst will feature two promising
high tech North Carolina companies. Both
Taper International, located in Southern
Pines, and DarPharma, a Chapel
Hill-based biotech company, will make 20
minute presentations to accredited
investors at the Pine Needles Lodge.
The two N.C. companies will be joined by
Cytorex Biosciences, a Florida
biotech company, Global Educational
Technology, an Atlanta info-tech company
and Cord Partners, a biotech company
from Los Angeles, California.
“We were delighted with the response
from companies for the opportunity to
present in Pinehurst,” said Tarby
Bryant, the President of Anasazi
Capital, and the organizer of the
Gathering of Angel event. “Almost as
soon as we posted the event on our web
site, we started getting inquiries from
companies located across the United
States. We think the local angels and
local economic development professionals
will really enjoy getting to meet these
companies.”
The two North Carolina companies are
engaged in different parts of the high
tech world. Taper International (http://www.betterhandcuffs.com/products.html),
makes high tech, products for law
enforcement agencies. Their most recent
innovation are prisoner restraints that
can not be picked by prisoners. The
process is patented and was developed in
conjunction with the assistance of many
law enforcement officers.
DarPharma, (http://www.darpharma.com)
is focused on drug discovery and
development in the area of dopamine D1
agonists, the most promising CNS target
for disorders including Parkinson’s
diseases, Schizophrenia, and Cocaine
Abuse.
“I was happy that we were able to
attract such promising North Carolina
companies,” said Tom Vass, the local
partner who is helping Bryant organize
the angel events. “As a state, we need
to do everything possible to help
native, small, high tech companies
obtain the growth capital they need to
grow and prosper, and we need to think
of ways to introduce companies from the
venture-rich areas of the RTP to the
venture-poor areas of the state.”
The Gathering of Angels will become a
monthly event in Pinehurst, and the next
one is scheduled for June 16. There is
no charge for angels to attend, but
pre-registration is required, either on
the Gathering of Angels web site or at
www.corporateinvestment.net.
About Cytorex
Biosciences: Contact Mr. Carlos M.
Garcia, CEO, 954 937 8519. www.cytorex.com. Cytorex has developed a
proprietary compound, Cytoreg®, which is
used to treat several types of cancer,
including solid tumors, blood cancers
and lymphomas.
About Global Educational Technology.
Contact Scott Shickler, CEO. 770 552
3173.
www.getk12.com.
GET creates educational software
applications that help educational
institutions comply with the
accountability standards set by the “No
Child Left behind” Legislation, (H.R.
1).
About Cord Partners, Inc. Contact Matt
Schissler, CEO. 310 443 4153.
www.cordpartners.com.
Cord Partners is stem cell preervation
company focused on blood storage
technologies.
CONTACT: TOM VASS, The Corporate Investment
Center 919-821-2671
Tarby Bryant, The Gathering of Angels 505-982-3050
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Cytorex Biosciences Inc. Develops a
Ground Breaking Compound for
Potential Treatment of Cancer and Other
Diseases of Immunological Origin |
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April 29, 2003 07:02 PM US Eastern Time
zone |
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WESTON, Fla.--(BUSINESS WIRE)--April 29,
2003--Cytorex Biosciences Inc.,
(Cytorex) a South Florida biotechnology
company, announced today that they have
developed a potential new treatment for
cancer and immunology related diseases
based on the use of inorganic acids such
as Hydrofluoric Acid (HF), with low
toxicity profile and a high level of
efficacy called Cytoreg®.
"This is a breakthrough development in
the pharmaceutical industry. This
technology is based on the use of
inorganic acids as active compounds to
treat cancer and other diseases of
immunological origin," indicated Dr.
Manzur Hassanhi, MD, PhD, Senior Medical
Officer of Cytorex. "This opens the door
for the development of treatments for
other diseases," continued Dr. Hassanhi.
"We
have so far used a battery of in-vitro
screening to test the Chemosensitivity
of Cytoreg® in human cancers. Results
are promising with respect to tumor
response. Preliminary data suggest that
Cytoreg® has significant inhibitory and
anti-proliferating effect on Human
breast, testicular, prostate and lung
cancers, which were all the cell lines
tested at the time," indicated Dr. James
Kumi-Diaka, DVM, PhD, Professor of
Biology at Florida Atlantic University.
"In terms of mechanism of action
Cytoreg® induces a selective and
dose-dependent Apoptosis (programmed
cell death) in the target cells. These
preliminary findings are of both
diagnostic and therapeutic significance.
However, these results need to be
translated into in-vivo animal studies -
to involve a large animal population, in
order to obtain statistically
significant results," concluded Dr.
Kumi-Diaka.
"We treated five animals with B-16
melanoma, using 1:100 dilution
treatments daily. Tumors in four of the
animals did not grow, and then one that
did appeared to reach a state of no
growth. There was no metastasis. A dose
response assay is required in a large
group of animals. Preliminary data
suggest that Cytoreg® definitely is
effective against B-16," indicated Dr.
Joseph Bryant, Director of the Animal
Model Studies Division of the Institute
of Biotechnology at the University of
Maryland in Baltimore. Bryant performed
a limited animal study in B-16 melanoma
cells in C57-BL mice.
Additional research with very promising
findings was conducted performing
several in-vitro and in-vivo assays
between the years 2000 and 2002 with
grants from Cytorex to Rumbaugh-Goodwin
Institute for Cancer Research, Inc., a
non-for-profit research facility located
in Plantation, Florida.
Cytoreg® was developed by Venezuelan
Chemist Prof. David Martucci, CEO and
Chief Scientific Officer of Cytorex.
Martucci has spent over 25 years in
research related to the use of inorganic
acids for several applications including
"pharmacologically active buffered acid
solutions," with patent pending status
in the United States and
Internationally. "This is an invention
for humanity," said Martucci. "After we
complete all the required testing by FDA
in the United States and Drug Approval
regulators in other countries, we expect
to market our compounds at very
reasonable prices in order to make them
available to people who cannot afford
the cost of cancer treatments available
today," concluded Martucci. |
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Ten Women & Minority-Owned
Technology Companies Selected to
Present Their Businesses at
Statewide Technology Forum
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NEW YORK & DELRAY BEACH,
Fla., Jun 13, 2002 (BUSINESS
WIRE) --
BLG Ventures Announces
Publication of its "2002
Guide to Venture Capital &
Angel Investors for Women &
Minorities"
Ten women and minority-owned
technology companies have
been selected to make
presentations about their
businesses at the 2nd Annual
Technology Forum Series
Florida on June 18th at the
Hilton Fort Lauderdale
Airport Hotel. Of the ten
companies presenting, nine
are Florida-based. The
Forum's theme is "Success
Strategies for Finance to
Grow Your Business."
The Event Sponsor of the
Forum is Office Depot, Inc.
(NYSE:ODP), the world's
largest seller of office
products and services. Other
sponsors include IBM, the
South Florida Business
Journal, Mornington
Consulting Partners,
Computer Coach, Winning
Applications, Interpay and
Web United. The Technology
Forum Series-Florida is the
first of four such events
being sponsored by Office
Depot held this year.
The Forum begins at 7:30 AM
with continental breakfast
followed by a keynote
address by Monica
Luechtefeld, Executive Vice
President, E-Commerce,
Office Depot. Immediately
following Ms. Luechtefeld's
presentation, the Forum will
feature seminars led by
companies such as IBM,
Computer Coach and Winning
Applications, which will
discuss how the latest
technology tools can help
companies grow and expand
their business.
Topics include "Selecting
and implementing office
software packages,"
"Business and financial
management systems" and
"Firewall security for
business Web sites." The
morning session will
conclude with a Best
Practices panel featuring
speakers from Crossbow
Ventures, Deloitte & Touche,
Ruden McClosky Smith &
Schuster, CBIZ Human
Resource Solutions and
Marisela Barcenas CPA.
During the afternoon
session, ten women and
minority-owned technology
companies will make
presentations to a
distinguished panel of
venture capitalists. These
companies are Conectron,
Cytorex Biosciences,
eQualitativeResearch,
Gardenia Systems, LocalO,
netCRM, Neu Media
Technologies, RFM
Broadcasting, TodoBebe.com
and Traatek. These
companies, nine of which are
based in central and south
Florida, represent a range
of industries including
information technology,
e-commerce and
biotechnology.
BLG Ventures, the organizer
of the Forum, has also
announced the publication of
their first book, BLG
Ventures' 2002 Guide to
Venture Capital and Angel
Investors for Woman and
Minorities. The Guide
contains a foreword written
by Monica Luechtefeld, the
Executive Vice President of
E-Commerce at Office Depot.
Highlights of the Guide
include profiles of fifty
venture capital firms and
angel investors nationwide
that have worked with BLG
Ventures and which are
deemed to be "friendly" to
women and minority companies
seeking capital.
The Guide also contains five
articles that offer advice
to emerging growth companies
seeking capitainancial
Considerations - How Much is
My Company Worth? -- Closing the Deal:
Legal Issues Associated with
Raising Venture Capital by Pamela
Robertson, Esq. & Suzette
Recinos, Esq., Edwards & Angell LLP
(based in W. Palm Beach) -- Employee vs.
Independent Contractor by
Isabelle Levin, American Express Tax
& Business Services -- The Importance of
Business Plan Projections
and Cash Flow Statements in
Growing a Business by
Isabelle Levin, American Express Tax &
Business Services -- PEOs: The Smart
Entrepreneur's Business Ally
by Richard Rawson, Administaff
In addition, the Guide
includes information about
government and non-profit
resources available to
entrepreneurs, a list of
prominent attorneys and
accountants throughout the
United States and sample
legal and financial
documents.
"We're thrilled to offer
South Florida women and
minority-owned businesses
the opportunity to interact
and network with such a
distinguished panel of
business thought leaders and
venture capitalists. We are
equally excited about making
our newly published Guide
available for all attendees
to purchase. It is a
wonderful resource for any
entrepreneur seeking
valuable information about
the process of raising money
to start a business. It also
contains a wealth of
information that is useful
for both business owners and
aspiring entrepreneurs,"
said Julian A. Barnes,
President and COO of BLG
Ventures, Inc.
"Office Depot is committed
to providing knowledge and
support to women and
minority-owned businesses.
This year's agenda provides
small businesses with a
wealth of information and
resources that are aimed at
helping them to grow their
businesses in today's
competitive market. I am
pleased to be part of this
year's Forum Series and I'm
thrilled to be in the
company of such esteemed
business leaders," said
Monica Luechtefeld,
Executive Vice President,
E-Commerce for Office Depot.
The Guide is currently
available at
http://www.blgventures.com
and the Guide will be
available at
http://www.officedepot.com
in late July and available
in Office Depot retail
stores by Labor Day.
No one sells more office
products to more customers
in more countries through
more channels than Office
Depot. As the largest seller
of office products around
the world, the Company
operates under the Office
Depot(R), Office Place(R),
Viking Office Products(R),
Viking Direct(R) and
4Sure.com(R) brand names. As
of March 30, 2002, Office
Depot operated 857 office
supply superstores in the
United States and Canada, in
addition to a national
business-to-business
delivery network supported
by 24 delivery centers, more
than 60 local sales offices
and 13 regional call
centers. Furthermore, the
Company sells products and
services in 17 countries
outside of the United States
and Canada, including 30
office supply stores in
France and 11 in Japan that
are owned and operated by
the Company; and 105
additional office supply
stores under joint venture
and licensing agreements
operating under the Office
Depot name in five foreign
countries.
The Company operates an
award-winning U.S. Office
Depot brand Web site at
http://www.officedepot.com
where customers can access
Office Depot's low
competitive prices seven
days a week, twenty-four
hours a day. The Company
also operates fifteen
additional Web sites, under
the Office Depot and Viking
Office Products names, in
the U.S. and nine
international countries
including: Austria,
Australia, France, Japan,
Germany, Ireland, Italy, the
Netherlands and the United
Kingdom.
Office Depot's common stock
is traded on the New York
Stock Exchange under the
symbol ODP and is included
in the S&P 500 Index.
About BLG Ventures
BLG Ventures, located in New
York City, is a marketing
and consulting company for
women and minority-owned
technology businesses
located throughout the
United States. It hosts The
Technology Forum Series,
which assists emerging
growth companies in securing
venture capital and in
growing their businesses.
CONTACT: BLG Ventures, New York
John Barnes, Julian Barnes, 212/462-4770
Office Depot, Delray Beach
Lauren Garvey, 561/438-2895
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2002 Business Wire. All rights reserved.
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