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Canada Business News and Press Releases
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(EMAILWIRE.COM, September 24, 2010 ) Montréal, Québec - Beststockpicks.biz
(http://www.beststockpicks.biz) a premier source for penny stocks research issues stock alerts for the following companies: (OTC BB: MSLP.OB), (NASDAQ: UCTT), (NASDQ: ULBI), (NASDAQ: ULTR):
Proteonomix, Inc. (PROT.OB) recently announced further developments with its Joint Venture Company, XGEN Medical LLC (”XGen”) towards implementing operations in the United Arab Emirates.
PROT is the majority shareholder in XGen with the balance held by an anonymous investor group. Proteonomix personnel were on the ground in the U.A.E. over the past weeks to work together with the Investor Group through the start up phase.
This wholly owned subsidiary will be the vehicle to conduct business in the GCC countries. XGen has filed the corporate papers and has established banking relations with a local bank both for receipt of the initial investment of $5 million and towards further financing expanded services in the region.
It was further announced that XGen has expanded its talks within the region beyond a license for manufacture of and treatment with Proteonomix cellular material. Discussions are now further encompassing both the construction of XGenÂ’s own manufacturing and treatment facility within the U.A.E. and on funding phased trials for one or more of ProteonomixÂ’s proprietary cellular materials for treatment of disease.
Proteonomix, Inc. is a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives.
For more information about this company please visit http://www.proteonomix.com
Ultratech, Inc. (NASDAQ:UTEK) recently reported that it has received a follow-on, multiple-system order for its laser spike annealing (LSA) tools from a major logic foundry in Asia. UltratechÂ’s LSA100A systems will be used to support the production ramp of 40-nm logic devices in 2010. The LSA100A is the second generation of UltratechÂ’s laser annealing production tools. The LSA100A laser spike annealing system enables junction activation and other front-end advanced annealing processes for the 65-nm node and beyond.
Ultratech, Inc. designs, manufactures and markets photolithography and laser processing equipment.
ULURU Inc. (AMEX:ULU) recently reported that it has signed a worldwide distribution agreement appointing Novartis the exclusive distributor of a veterinary version of Altrazeal® for marketing to the animal health sector. Under the terms of the agreement ULURU will supply Novartis with finished product for marketing in the global markets.
ULURU Inc. is a specialty pharmaceutical company focused on the development of a portfolio of wound management and oral care products to provide patients and consumers improved clinical outcomes utilizing its innovative Nanoflex™ Aggregate technology and OraDisc™ transmucosal delivery system.
UMB Financial Corporation (NASDAQ:UMBF) recently announced the expansion of its national sales team with the addition of four regional sales representatives and a national sales director. Kevin Robertson has joined UMB as vice president and national sales director to oversee regional and national sales. He will lead UMBÂ’s expansion into new markets with its health spending accounts, including health savings accounts (HSAs), flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs).
UMB Financial Corporation is a financial services holding company headquartered in Kansas City, Mo., offering complete banking, asset management, health spending solutions and related financial.
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. Certain risks are detailed in the Company's Form 10-K and other periodic filings with the Securities Exchange Commission at www.sec.gov. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.
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