PROTEONOMIX, INC. (OTC.BB:PROT), a biotechnology company focused on developing therapeutics based upon human cells and their derivatives, reports further developments with its Joint Venture Company, XGEN Medical LLC (�XGen�) towards implementing operations in the United Arab Emirates (U.A.E.).
Proteonomix is the majority shareholder in XGen with the balance held by an anonymous investor group. (See, 17 August 2010 Press Release) 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. To date, XGen has established an office in the Monarch Office Tower on the prestigious Sheikh Zayed Road, and a residence for visiting Proteonomix 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.
Newport Corporation (Nasdaq: NEWP) recently reported that Oleg Khaykin has joined the company’s Board of Directors.
Khaykin, 45, is President and Chief Executive Officer of International Rectifier Corporation (NYSE: IRF), a power management leader, engaged in design, manufacture, and marketing of power management semiconductors for industrial, computing, consumer, automotive, and high reliability applications. Prior to joining International Rectifier, Khaykin served as Executive Vice President and Chief Operating Officer of Amkor Technology, Inc., a leading provider of semiconductor assembly and test services. At Amkor, he was responsible for all aspects of sales, marketing, R&D and manufacturing operations, as well as the development and implementation of corporate and business strategy and business development.
Newport Corporation is a leading global supplier of advanced-technology products and systems to customers in the scientific research, aerospace and defense/security, microelectronics, life and health sciences and precision industrial manufacturing markets. Newport’s innovative solutions leverage its expertise in photonics technologies, including lasers, photonics instrumentation, sub-micron positioning systems, vibration isolation, optical components and subsystems and precision automation, to enhance the capabilities and productivity of its customers’ manufacturing, engineering and research applications. Newport is part of the Standard & Poor’s SmallCap 600 Index and the Russell 2000 Index.
News Corporation (NASDAQ: NWS, NWSA) division, MySpace, is a technology company connecting people through personal expression, content and culture. MySpace empowers its global community to experience the Internet through a social lens by integrating personal profiles, photos, videos, mobile, messaging, games and the world’s largest music community.
Cloud9 Analytics, a leading provider of SaaS business analytics for line-of-business managers, reports that MySpace has standardized its sales CRM analytics using the Cloud9 Pipeline Accelerator Suite.
MySpace endeavors to create a culture of CRM adoption. A large part of this strategy is improving the Salesforce CRM with an analytics tool that provides visibility into pipeline movement, gains management buy-in to CRM and drives critical data entry from sales.
In order to extract historical trending and lifecycle analytics in Salesforce, MySpace relied on manual processes and manipulation in Excel. When evaluating Cloud9 Pipeline Accelerator, MySpace immediately saw how the solution seamlessly and cost-effectively filled these gaps, providing sales management with relevant data at their fingertips.
After a short pilot program, MySpace deployed Cloud9 to its entire North American sales, finance, operations and order management functions. Now, MySpace has unprecedented visibility into impending deals and is able to gather deeper intelligence on the sales process and apply new management strategies.
NewStar Financial, Inc. (Nasdaq:NEWS) is scheduled to participate in the William Blair Emerging Growth Stock Conference in New York City on Tuesday, October 5, 2010. The presentation is scheduled to begin at 2:00 p.m. ET and will run approximately 40 minutes.
NewStar Financial is a specialized commercial finance company focused on meeting the complex financing needs of companies and private investors in the middle markets. The Company specializes in providing senior secured debt financing for the acquisition or recapitalization of mid-sized companies and commercial real estate. NewStar originates loans directly through a team of experienced, senior bankers organized around key industry and market segments. The Company targets ‘hold’ positions of up to $20 million and selectively underwrites or arranges larger transactions for syndication to other lenders. NewStar is headquartered in Boston MA and has regional offices in Darien CT and Chicago IL.
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