Proteonomix, Inc. (PROT.OB) announced 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.
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 XGen's own manufacturing and treatment facility within the U.A.E. and on funding phased trials for one or more of Proteonomix's proprietary cellular materials for treatment of disease.
For more information about this company please visit http://www.proteonomix.com
Buckle Inc. (NYSE:BKE) The Buckle, Inc. recently announced that comparable store net sales, for stores open at least one year, for the four-week period ended August 28, 2010 decreased 3.5 percent from comparable store net sales for the four-week period ended August 29, 2009. Net sales for the four-week fiscal month ended August 28, 2010 increased 0.9 percent to $85.2 million from net sales of $84.5 million for the prior year four-week fiscal month ended August 29, 2009.
Offering a unique mix of high-quality, on-trend apparel, accessories, and footwear, Buckle caters to fashion-conscious young men and women. Known as a denim destination, each store carries a wide selection of fits, styles, and finishes from leading denim brands, including the Company's exclusive brand, BKE. Headquartered in Kearney, Nebraska, Buckle currently operates 420 retail stores in 41 states. This includes the opening of one new store, yesterday, in Orlando, Florida. The Company operated 401 stores in 41 states as of September 2, 2009.
Bridgepoint Education, Inc. (NYSE:BPI) Bridgepoint Education, Inc., a provider of postsecondary education services focusing on higher access to higher education, announced today its largest on-campus class at Ashford University. According to the official census count from Clinton, Iowa, Ashford's on-campus enrollment for the Fall 2010 semester is 761 full-time students, making it the biggest class in the university's 91-year history.
The university reports 319 returning students and 442 new students. The new student population surge, compared to the previous record of 189, is attributed to the regionally accredited university's unprecedented Academic Scholarship program rewarding academic achievers with grade-point averages above 3.0.
Bridgepoint Education's postsecondary education services focus on offering associate's, bachelor's, master's and doctoral programs in such disciplines as business, education, psychology, social sciences and health sciences. Bridgepoint Education's regionally accredited academic institutions Ashford University and University of the Rockies deliver their programs online as well as at traditional campuses located in Clinton, Iowa, and Colorado Springs, Colorado.
Briggs & Stratton Corp. (NYSE:BGG) Briggs & Stratton Corporation (NYSE:BGG - News) announced today that it has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission.
The shelf registration statement allows the Company the flexibility to offer and sell from time to time debt securities in one or more future public offerings. The actual amount and terms of those securities will be determined at the time of sale, if such sale occurs. Because Briggs & Stratton is a well-known seasoned issuer, the shelf registration statement is effective upon filing and is available for immediate use.
Briggs & Stratton Corporation, headquartered in Milwaukee, Wisconsin, is the world's largest producer of gasoline engines for outdoor power equipment. Its wholly owned subsidiary Briggs & Stratton Power Products Group, LLC is North America's number one manufacturer of portable generators and pressure washers, and is a leading designer, manufacturer and marketer of lawn and garden and turf care through its Simplicity®, Snapper®, Ferris® and Murray® brands. Briggs & Stratton products are designed, manufactured, marketed and serviced in over 100 countries on six continents.
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