Proteonomix, Inc. (OTCPK:PROT)
PROT, a biotechnology company, engages in the development of stem cell therapies primarily for the treatment of diabetes and cardiac therapy, as well as offers cosmeceutical products. PROT was founded in 2005 and is based in Mountainside, New Jersey.
PROT announced further developments with its Joint Venture Company, XGEN Medical LLC towards implementing operations in the U.A.E.
PROT is the majority shareholder in XGen with the balance held by an anonymous investor group. PROT 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. To date, XGen has established an office in the Monarch Office Tower on the prestigious Sheikh Zayed Road, and a residence for visiting PROT personnel on Jumeira 2.
During initial meetings, it was mutually decided to open a local subsidiary corporation in the Dubai free zone. 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. The Ramadan holiday has slowed progress slightly on these corporate formalities, but full operation of the subsidiary and bank accounts are expected to complete within 30 days.
To learn more about PROT visit: http://www.proteonomix.com
Evcarco, Inc. (OTC:EVCA)
EVCA is a development stage company and engages in selling environmentally conscious automobiles in the United States. EVCA offers electric vehicles and pre-owned vehicles converted to various green technologies; and financing, warranties, maintenance, and mechanical services. EVCA was incorporated in 2008 and is based in Fort Worth, Texas.
EVCA is pioneering a new way to meet the demands of 21st century car buyers. EVCA is bringing to market eco-friendly vehicles with an emphasis on performance and affordability and the latest in developed technology. The board of EVCA is pleased to announce today that pursuant to a strong demand from the US Federal Government to meet environmental standards in relation to its Federal Military fleet, EVCA will be working with VENTA Inc. and several third party organizations to create Military grade AEV and Hybrid Diesel Electric units.
EVCA has been working on projects with the US Federal Government as announced in previous releases since first quarter of 2010; the trials have given the management of EVCA insight into the needs and requirements of the Federal Government and, with this knowledge, the corporation stands at a significant advantage in respect to sourcing specific AEV and Hybrid Units for the Military.
The US Military through TARDEC has set a strong precedent relating to adoption of Alternative energy units into the US Military. TARDEC is the U.S. Army's lead organization for ground vehicle systems integration, engineering and technology development. Initial development of units will be entered into testing phase by late 2010 with "Real World" Government testing anticipated for early 2011.
To learn more about EVCA visit: http://www.evcarco.com
Kansas City Southern (NYSE:KSU)
KSU recently announced the appointment of Douglas W. Vogl as vice president of audit and enterprise risk management. Mr. Vogl will report to KSU executive vice president and chief financial officer Michael W. Upchurch.
“Doug is well known in Kansas City as an audit and risk management expert,” said Mr. Upchurch. “We are pleased that he will bring to KCS his expertise from auditing and performing enterprise-wide risk management assessments, SOX audits, compliance reviews, operational audits and IT audit consulting for a variety of industries.”
KSU, through its subsidiaries, engages primarily in the freight rail transportation business. KSU operates north/south rail between Kansas City, Missouri, and various ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi, and Texas in the midwest and southeast regions of the United States. KSU was formerly known as Kansas City Southern Industries, Inc. and changed its name to Kansas City Southern in 2002. KSU was founded in 1962 and is based in Kansas City, Missouri.
To learn more about visit: http://www.kcsouthern.com
KapStone Paper and Packaging Corporation (NYSE:KS)
KS was notified that its registration as a producer of cellulosic biofuel for the tax year 2009 has been approved. With this registration, KS may apply for a nonrefundable income tax credit of $1.01 per gallon of qualified cellulosic biofuel for the black liquor burned in early 2009 when KS did not claim the alternative fuel mixture tax credit. KapStone estimates that a net $22 million benefit related to cellulosic biofuel will be reflected in KS's third quarter 2010 income tax provision. There is no certainty the full benefit will be utilized to offset future taxes payable as it will be dependent on future taxable income.
KS engages in production and sale of unbleached kraft, linerboard, saturating kraft, and unbleached folding carton boards in the United States and internationally. KS was formerly known as Stone Arcade Acquisition Corporation & changed its name to KapStone Paper & Packaging Corporation in December 2006. KS was founded in 2005 and is headquartered in Northbrook, Illinois.
To learn more about KS visit: http://www.kapstonepaper.com
Kindred Healthcare, Inc. (NYSE:KND)
KND recently announced that it has successfully completed an amendment to its $500 million revolving credit agreement to increase the amount permitted for acquisitions and certain investments by the Company from $500 million to $750 million.
Paul J. Diaz, President and Chief Executive Officer of KND, commented, “We remain confident in our strategy of expanding our continuum of post-acute care services in our key cluster markets to support the growing interest among public and private payors for integrated care. We are pleased to have completed this bank amendment which allows us the continued flexibility to pursue our strategic development and acquisition plans.”
KND operates as a FORTUNE 500 healthcare services company in the United States. KND operates in three divisions: Hospital, Health Services, and Rehabilitation. As of December 31, 2009, KND operated 83 long-term acute care hospitals with 6,580 licensed beds in 24 states; and 222 nursing and rehabilitation centers with 27,523 licensed beds in 27 states. KND was founded in 1998 and is headquartered in Louisville, Kentucky.
To learn more about KND visit: http://www.kindredhealthcare.com
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