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  • 25Jun

    LEIDEN, Netherlands and PARSIPPANY, N.J., June 25 /PRNewswire/ — DSM
    Biologics and Crucell N.V. (Euronext, Nasdaq: CRXL; Swiss Exchange: CRX)
    announced today that they have entered into an agreement with Avid
    Bioservices, Inc. of Tustin, California to join their Vendor Network. Under
    the terms of the agreement, Avid will be a pre-approved contract manufacturer
    (CMO) for licensees of the PER.C6(R) cell line located in the western U.S.
    Avid is the first U.S.-based contract manufacturer to be awarded this status.

    Karen King, president of DSM Biologics notes, “We are confident that
    Avid’s excellent reputation and service level will be instrumental in making
    the PER.C6(R) technology available to licensees on the West Coast, bringing
    our technology to a wider regional base as we continue to grow globally.”

    Steven W. King, president of Avid Bioservices added, “We are honored to
    achieve the distinction of being the first pre-approved U.S.-based CMO to
    manufacture proteins and antibodies using the PER.C6(R) cell line. The
    PER.C6(R) technology is recognized throughout our industry as providing
    important advantages compared to other platforms, including serum-free medium,
    scalability and high productivity levels making the system an ideal fit for
    Avid.”

    Crucell and DSM last week announced a breakthrough in the production of
    IgG antibodies using Crucell’s PER.C6(R) technology. By employing the
    PER.C6(R) human cell line and DSM’s proprietary XD(TM) technology, a record
    yield of over 27 grams per liter has been achieved.

    The PER.C6(R) technology platform has been developed for the large-scale
    manufacture of biopharmaceutical products such as recombinant proteins,
    including monoclonal antibodies. Compared to conventional production
    technologies, the strengths of PER.C6(R) technology lie in its excellent
    safety profile, scalability and productivity under serum-free culture
    conditions.

    Other terms of the agreement were not disclosed. Avid Bioservices is a
    wholly owned subsidiary of Peregrine Pharmaceuticals Inc. (Nasdaq: PPHM).

    About PER.C6(R) technology

    Crucell’s PER.C6(R) technology platform has been developed for the
    large-scale manufacture of biopharmaceutical products such as recombinant
    proteins including monoclonal antibodies. Compared to conventional production
    technologies, the strengths of PER.C6(R) technology lie in its excellent
    safety profile, scalability and productivity under serum-free culture
    conditions.

    About XD(TM) technology

    DSM’s XD(TM) technology has been developed as a proprietary system to
    drive yield improvements in mammalian systems. “XD” stands for extreme
    density, as the process is able to push the cell density within the bioreactor
    to maximum productivity.

    About Avid Bioservices, Inc.

    Avid Bioservices provides a comprehensive range of cGMP manufacturing
    services for the biotechnology and biopharmaceutical industries. Avid
    manufactures cGMP commercial product, as well as clinical supplies for all
    phases of clinical trials. The company’s comprehensive range of cGMP services
    includes cell banking, stability testing, clinical product manufacturing and
    purification, bulk packaging, final product filling and regulatory support.
    Avid also provides a variety of process development activities, including cell
    line optimization, analytical method development and product characterization.
    Avid has over 10 years of antibody manufacturing experience producing
    monoclonal antibodies and recombinant proteins in batch, fed-batch and
    perfusion modes. For more information about Avid, visit www.avidbio.com.

    About Peregrine Pharmaceuticals

    Peregrine Pharmaceuticals, Inc. is a biopharmaceutical company with a
    portfolio of innovative product candidates in clinical trials for the
    treatment of cancer and hepatitis C virus (HCV) infection. The company is
    pursuing three separate clinical programs in cancer and HCV infection with its
    lead product candidates bavituximab and Cotara(R). Peregrine also has
    in-house manufacturing capabilities through its wholly owned subsidiary Avid
    Bioservices, Inc. (www.avidbio.com), which provides development and
    bio-manufacturing services for both Peregrine and outside customers.
    Additional information about Peregrine can be found at www.peregrineinc.com.

    About Crucell

    Crucell N.V. (Euronext, Nasdaq: CRXL; Swiss Exchange: CRX) is a global
    biopharma company focused on research, development, production and marketing
    of vaccines, proteins and antibodies that prevent and treat primarily
    infectious diseases. Its vaccines are sold in public and private markets
    worldwide. Crucell’s core portfolio includes a vaccine against hepatitis B, a
    fully-liquid vaccine against five important childhood diseases and a
    virosome-adjuvanted vaccine against influenza. Crucell also markets travel
    vaccines, such as the only oral anti-typhoid vaccine, an oral cholera vaccine
    and the only aluminum-free hepatitis A vaccine on the market. The Company has
    a broad development pipeline, with several product candidates based on its
    unique PER.C6(R) production technology. The Company licenses its PER.C6(R)
    technology and other technologies to the biopharmaceutical industry.
    Important partners and licensees include DSM Biologics, sanofi-aventis,
    Novartis, Wyeth and Merck & Co. Crucell is headquartered in Leiden, the
    Netherlands, with subsidiaries in Switzerland, Spain, Italy, Sweden, Korea and
    the U.S. The Company employs over 1000 people. For more information, please
    visit www.crucell.com.

    About DSM Biologics

    DSM Biologics, a business unit of DSM Pharmaceutical Products, is a global
    provider of manufacturing technology & services to the biopharmaceutical
    industry. In addition to offering world-class biopharmaceutical manufacturing
    services, DSM Biologics has co-exclusive rights, along with Dutch biotech
    company Crucell N.V., to license the high-producing PER.C6(R) human cell line
    as a production platform for recombinant proteins and monoclonal antibodies.
    The combination of the PER.C6(R) human cell line and DSM’s manufacturing
    services provides companies with a turn-key biologic manufacturing solution
    reducing cost, risk and time to market.

    DSM — the Life Sciences and Materials Sciences Company

    Royal DSM N.V. creates innovative products and services in Life Sciences
    and Materials Sciences that contribute to the quality of life. DSM’s products
    and services are used globally in a wide range of markets and applications,
    supporting a healthier, more sustainable and more enjoyable way of life. End
    markets include human and animal nutrition and health, personal care,
    pharmaceuticals, automotive, coatings and paint, electrics and electronics,
    life protection and housing. DSM has annual sales of almost EUR 8.8 billion
    and employs some 23,000 people worldwide. The company is headquartered in the
    Netherlands, with locations on five continents. DSM is listed on Euronext
    Amsterdam. More information: www.dsm.com.

    DSM Forward-looking statements

    This press release contains forward-looking statements that involve
    inherent risks and uncertainties. These statements are based on current
    expectations, estimates and projections of the management of DSM and Crucell
    and information currently available to both companies. The statements involve
    certain risks and uncertainties that are difficult to predict and therefore
    DSM and Crucell do not guarantee that their expectations will be realized.
    Furthermore, DSM and Crucell have no obligation to update the statements
    contained in this press release.

    Crucell N.V. has identified certain important factors that may cause
    actual results to differ materially from those contained in such
    forward-looking statements. For information relating to these factors please
    refer to the Form 20-F, as filed by Crucell N.V. with the U.S. Securities and
    Exchange Commission on May 7, 2008, and in particular the section entitled
    “Risk Factors”. Crucell N.V. prepares its financial statements under
    International Financial Reporting Standards (IFRS).

    SOURCE DSM Pharmaceutical Products

  • 01May

    OAKLAND, Calif., May 1 /PRNewswire-USNewswire/ — With talk of a new
    effort to enact healthcare reform surfacing in Sacramento, a new field poll
    this week illustrates that Californians will once again pay particular
    attention to the voice of the California Nurses Association and registered
    nurses.

    A poll this week by the influential Field Institute released documented
    that CNA had the highest favorable rating of all the groups, politicians, and
    institutions engaged in the healthcare debate that dominated much of the
    state’s public policy debate over the past year.

    The public gave CNA and nurses an overall approval rating of 53 per cent
    and a disapproval rating of just 15 percent, for a net of 38 percent — in
    sharp contrast to other central figures in the healthcare policy
    fight — particularly the health insurance industry which scored an abysmal 55
    percent negative rating.

    Favorable Unfavorable Net
    difference
    California Nurses Association/
    Nurses 53% 15% +35%
    California Hospital Assn./
    Hospitals 33% 30% +3%
    Gov. Arnold Schwarzenegger 40% 40% 0
    Assembly Speaker Fabian Nunez 20% 29% -8%
    Chamber of Commerce/
    Business Groups 25% 36% -11%
    News Media 28% 46% -18%
    Republican State
    Legislative Leaders 22% 48% -26%
    Health Insurance Companies 16% 55% -39%

    CNA and its national affiliate, the National Nurses Organizing Committee,
    have gained increasing recognition as a national leader in the battle for
    comprehensive, universal, guaranteed healthcare for all through a single-payer
    or Medicare-for-all type system.

    In California, CNA is the principle sponsor of SB 840, a bill by Sen.
    Sheila Kuehl, to achieve that goal, and national legislation, HR 676, by Rep.
    John Conyers, which has more cosponsors than any other national healthcare
    bill.

    CNA/NNOC is also well known for its assertive challenge to the insurance
    industry and spirited campaigns to demand insurers provide care to individual
    patients denied needed medical treatment recommended by their physicians, as
    in the nationally prominent cases of Nataline Sarkisyan and Nick Colombo.

    “We are honored that CNA and nurses are held in such high esteem by
    Californians,” said Malinda Markowitz, RN, member of the CNA/National Nurses
    Organizing Committee’s Council of Presidents.

    “CNA and RNs have an unflagging commitment to public safety and assuring
    enactment of comprehensive, genuine healthcare reform that ends the growing
    crisis our patients and our communities face daily. What the public seems to
    know is that we refuse to be compromised by narrow interests or approaches
    that reward the insurance industry at the expense of public safety, and
    guaranteed quality healthcare for all,” she said.

    CNA and RNs, Markowitz added, “will never cease our fight for genuine
    reform.” This year, CNA/NNOC will continue to urge action on SB 840, a
    Medicare-for-all style reform, sponsored by State Sen. Sheila Kuehl.

    In the interim, CNA/NNOC is actively campaigning for SB 1459 by State Sen.
    Leland Yee that would expand access to existing public health programs for
    200,000 uninsured children and 170,000 adults.

    The Field Poll demonstrated the growing concern of Californians for
    genuine reform with more Californians than ever worried about losing coverage,
    having their policies cancelled when they are sick, or being unable to afford
    care.

    Further, the poll showed the number of Californians favoring
    government-provided care growing, findings that resonate with numerous
    national surveys. For example, a March 2007 New York Times/CBS News Poll
    found that that 64 per cent of Americans believe the government should
    guarantee health coverage to all.

    A December 2007 Associated Press/Yahoo poll found 65 percent of those
    polled said the United States should adopt universal health insurance that
    covers everyone under a program such as Medicare that is run by the government
    and financed by taxpayers. And 54 percent went where politicians dare not
    tread, saying they supported a “single-payer” health system whereby all
    Americans would get their health coverage from a single government plan
    financed by taxpayers.

    SOURCE California Nurses Association

  • 15Apr

    SHANGHAI, China, April 15 /Xinhua-PRNewswire-FirstCall/ — Linkwell
    Corporation (Linkwell or the Company) (OTC Bulletin Board: LWLL), a leading
    developer, manufacturer and distributor of healthcare related disinfectants
    in China, announced today: financial results for the fiscal year ended
    December 31, 2007 and provided guidance for 1st quarter 2008 and the entire
    year 2008.

    Net revenues for the fiscal year ended December 31, 2007 increased
    $6,590,343, or approximately 85%, to $14,335,721, compared with $7,745,378 for
    the fiscal year ended December 31, 2006. Net revenues for the Company’s
    subsidiary LiKang Disinfectant were $8,127,717 and $6,208,004 for its
    subsidiary Shanghai LiKang International Trade Company Trade Co., Ltd (LiKang
    International).

    The majority of the increase in net revenues was attributable to its
    subsidiary LiKang International, whose net revenues for the fiscal year ended
    2007 increased approximately 761%, or $6,208,004 as compared to $720,996 for
    the fiscal year ended 2006, an increase of $5,487,008.

    Net revenues for Linkwell’s subsidiary LiKang Disinfectant increased
    approximately 16%, or $1,103,335 to $8,127,717 or for year end 2007. The
    Company believes this increase in demand was due to an increase in its sales
    staff and customer recognition of the Company’s high-quality, competitively
    priced disinfectant products.

    Total operating expenses for 2007 were $3,852,398, which was an increase
    of $1,548,905, or approximately 67%, from year end 2006 of $2,303,493. This
    increase is primarily attributable to an increase in general and
    administrative expenses, most of which was the result of a one-time write off
    of $564,000 due to terminating a contract with China Direct Investments, Inc.,
    which were expensed for the year ended December 31, 2007. A second cause of
    increasing operating expenses was due to building out its sales and service
    division to improve future growth.

    Linkwell reported net income of $360,135 for the fiscal year ended
    December 31, 2007, as compared to net income of $568,120 for the fiscal year
    ended December 31, 2006. However, the net income for Linkwell’s subsidiary,
    LiKang Disinfectant, increased approximately 3%, with net income of $1,196,318
    for 2007 compared to $1,161,828 for 2006.

    The primary causes for the decrease in net income for the year ended 2007
    were attributable to four key factors: (1) the increase in cost of sales;
    (2) the low net income of our subsidiary LiKang International; (3) the
    increase in doubtful accounts of $448,958; and (4) a one-time write off of
    $564,000 as a result of terminating our contract with China Direct Investments,
    Inc.

    LINKWELL CORPORATION AND SUBSIDIARIES
    CONSOLIDATED BALANCE SHEETS
    December 31,
    ASSETS
    2007 2006
    CURRENT ASSETS:

    Cash $1,222,128 $1,713,723
    Accounts receivable (net of allowance for
    doubtful accounts of $460,175 and
    $144,639 in 2007 and 2006 respectively) 2,999,191 1,682,878
    Accounts receivable-related parties
    (net of allowance for doubtful accounts
    of $221,359 and $87,937 in
    2007 and 2006 respectively) 1,992,233 1,406,425
    Other receivable 261,231 414,000
    Inventories (net of reserve for obsolete
    inventory of $136,287 and $127,160 in
    2007 and 2006 respectively) 829,476 536,483
    Prepaid expenses and other current assets 1,015,558 367,641
    Due from related parties 946,591 –
    Short term loan receivable — 48,609

    Total Current Assets 9,266,408 6,169,759

    PROPERTY AND EQUIPMENT - net 749,073 774,733

    Total Assets $10,015,481 $6,944,492

    LIABILITIES AND STOCKHOLDERS’ EQUITY

    CURRENT LIABILITIES:
    Loans payable $699,210 $652,382
    Loan payable - related party — 165,471
    Accounts payable and accrued expenses 1,246,943 1,301,131
    Tax payable 92,815 –
    Other payable 189,421 27,589
    Due to related party 760,457 204,267
    Advances from customers 713,578 254,434
    Total Current Liabilities 3,702,424 2,605,274

    MINORITY INTEREST 527,244 394,320

    STOCKHOLDERS’ EQUITY:
    Preferred stock (No Par Value;
    10,000,000 Shares Authorized;
    No shares issued and outstanding)
    Common Stock ($0.0005 Par Value; 150,000,000
    Shares Authorized; 73,731,675 and
    69,868,355 shares issued and outstanding in
    2007 and 2006 respectively) 36,866 34,934
    Common stock issuable 11 –
    Additional paid-in capital 5,724,363 5,290,536
    Accumulated deficit (510,921) (871,056)
    Deferred compensation (51,389) (646,222)
    Other comprehensive gain - foreign currency 586,883 136,706

    Total Stockholders’ Equity 5,785,813 3,944,898

    Total Liabilities and Stockholders’
    Equity $10,015,481 $6,944,492

    LINKWELL CORPORATION AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF OPERATIONS

    For the Year
    Ended December 31,
    2007 2006
    NET REVENUES
    Non-affiliated companies $11,694,030 $4,508,179
    Affiliated companies 2,641,691 3,237,199

    Total Net Revenues 14,335,721 7,745,378

    COST OF SALES 10,071,991 4,609,557

    GROSS PROFIT 4,263,730 3,135,821

    OPERATING EXPENSES:
    Selling expenses 1,099,266 573,315
    General and administrative 2,753,132 1,730,178

    Total Operating Expenses 3,852,398 2,303,493

    INCOME FROM OPERATIONS 411,332 832,328

    OTHER INCOME (EXPENSE):
    Other income 146,945 (4,367)
    Registration rights penalty — (76,000)
    Interest income 3,649 5,441
    Interest expense - related party — (26,132)
    Interest expense (68,867) (41,589)

    Total Other Income (Expense) 81,727 (142,647)

    INCOME BEFORE DISCONTINUED OPERATIONS,
    INCOME TAXES AND MINORITY INTEREST 493,059 689,681

    DISCONTINUED OPERATIONS:
    Gain from discontinued operations — 12,794

    INCOME BEFORE INCOME TAXES
    AND MINORITY INTEREST 493,059 702,475

    INCOME TAXES — (1,318)

    INCOME BEFORE MINORITY INTEREST 493,059 701,157

    MINORITY INTEREST (132,924) (133,037)

    NET INCOME $360,135 $568,120

    CUMULATIVE PREFERRED DIVIDENDS — (96,240)

    NET INCOME ATTRIBUTABLE
    TO COMMON SHAREHOLDERS $360,135 $471,880

    BASIC AND DILUTED INCOME PER COMMON SHARE:
    Basic earnings per share from
    continued operation $0.00 $0.01
    Basic earnings per share including
    discontinued operation $0.00 $0.01
    Diluted earnings per share from
    continued operation $0.00 $0.01
    Diluted earnings per share including
    discontinued operation $0.00 $0.01

    WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
    Basic 73,195,593 53,098,047
    Diluted 73,455,345 57,539,614

    LINKWELL CORPORATION AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF CASH FLOWS

    For the Years
    Ended December 31,
    2007 2006
    CASH FLOWS FROM OPERATING ACTIVITIES:
    Net income $360,135 $568,120
    (Gain) Loss from discontinued operations — (12,794)
    Income from continuing operations 360,135 555,326

    Adjustments to reconcile net income from
    operations to net cash provided by
    (used in) operating activities:
    Depreciation and amortization 126,295 91,657
    Minority interest 132,924 145,150
    Allowance for doubtful accounts 315,536 131,296
    Allowance for doubtful accounts-related
    party 133,422 87,937
    Stock-based compensation 709,271 398,945
    Changes in assets and liabilities:
    Accounts receivable (1,631,849) (361,386)
    Accounts receivable - related party (719,230) (621,992)
    Other receivable 152,769 (414,000)
    Inventories (292,993) 431,741
    Prepaid and other current assets (647,917) (285,891)
    Other assets — 734
    Accounts payable and accrued expenses 107,644 (71,984)
    Tax payable 92,815 (75,489)
    Advances from customers 459,144 123,516

    NET CASH (USED IN) PROVIDED BY OPERATING
    ACTIVITIES (702,034) 135,560

    CASH FLOWS FROM INVESTING ACTIVITIES:
    Decrease in loan receivable 48,609 (48,609)
    Increase in loan receivable - related
    party (946,591) –
    Increase in deposit on investment — 100,000
    Purchase of property, plant and
    equipment (99,349) (149,339)

    NET CASH USED IN INVESTING ACTIVITIES (997,331) (97,948)

    CASH FLOWS FROM FINANCING ACTIVITIES:
    Proceeds from loans payable 699,210 63,157
    Proceeds from loans payable-related
    party 556,190 204,267
    Repayment of loan payable (699,210)
    Repayment of loan payable - related
    party (165,471) (63,157)
    Proceeds from Warrants Exercised 321,332 –

    NET CASH PROVIDED BY FINANCING ACTIVITIES 712,051 204,267

    EFFECT OF EXCHANGE RATE ON CASH 495,719 11,766

    NET (DECREASE) INCREASE IN CASH (491,595) 253,645

    CASH - beginning of year 1,713,723 1,460,078

    CASH - end of year $1,222,128 $1,713,723

    SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
    Cash paid for:
    Interest $68,867 $67,721
    Income taxes $– $1,318

    Financial Projections for the first quarter 2008 (in 000s)

    1st Qtr 2008
    Estimate 1st Qtr 2007 Change

    Total Revenues $3,814 $2,846 + 34%
    Gross Profit $1,489 $993 + 50%
    Net Income $400 $497 - 19.5%

    Guidance for the first quarter 2008

    “We believe our anticipated increase in revenues and gross profit for 1st
    quarter 2008 compared to 2007 validates our recently implemented growth
    strategy,” commented Linkwell Chairman and CEO, Mr. Xuelian Bian, “Our
    projected total revenue growth of 34% in 1st quarter continues at a strong
    pace in what is historically our weakest quarter, plus this year we had to
    deal with a horrible winter storm.” Management estimates that while LiKang
    Disinfectant’s revenues and net income increased slightly, LiKang
    International’s revenues rose substantially, but its profits decreased.

    Financial Projections for the full year 2008 (in 000s)

    12/31/2008
    Estimate 12/31/ 2007 Change

    Total Revenues $23,180 $14,335 + 62%
    Gross Profit $7,000 $4,767 + 47%
    Net Income $2,000 $360 + 455%

    Projected Net Revenues for the full year 2008

    Linkwell’s management believes that financial projections for 2008 are
    conservative, based on reasonable direct growth and cost estimates. However,
    the Company has set higher goals for itself than projected, which are based on
    anticipated indirect benefits from potential developments based on support to
    the Beijing Olympics; introduction of new products to the market; management’s
    increasing prestige and influence in the disinfectant industry; and strategic
    ventures or agreements.

    For the full year 2008, Linkwell projects total revenue to grow
    approximately 62% to $23.2 million from $14.3 million in 2007. Specifically,
    estimated revenue from LiKang Disinfectant is expected to rise approximately
    $3.95 million or 49%, to $12.05 million in 2008, compared to $8.1 million in
    2007. Also, management estimates that revenue from LiKang International will
    increase approximately 15%, to $7.13 million in 2008, compared to $6.2 million
    in 2007.

    Of the estimated $3.95 million increase in total revenue from LiKang
    Disinfectant in 2008, the Company estimates $10.25 million will come from
    sales of current and new products; $0.5 million from training disinfection and
    pest control professionals and sales of An’erdian at the 2008 Beijing Olympic
    Games; $0.3 million from implementing China’s new disinfection vocational
    training and licensing program; and $1.0 million from Ecolab related
    agreements.

    In addition, Linkwell anticipates revenues of $4.0 million in 2008 from
    strategic acquisitions as part of the disinfectant industry’s consolidation in
    China.

    Chairman and CEO’s Comments on Guidance for the full year 2008

    “In general for 2008, we expect stronger demand for our products due to
    increased marketing and branding and from our associations with the Beijing
    Olympic Games and Ecolab. We are making good progress on our 10 new products
    in various stages of development and are on track to launch 3 new products
    this year. We also believe that government administered health facilities and
    the general public will increase consumption of our products due to increased
    health education of the importance of disinfection and continued awareness of
    health dangers, such as highly pathogenic bird flu, hepatitis, sexually
    transmitted diseases and other potentially epidemic and pandemic outbreaks.”

    Our vision for Linkwell is to be the consolidation leader of the estimated
    $6.25 billion disinfectant industry in China. We believe China is on the
    leading edge of a massive consolidation from over 1000 small disinfectant
    manufacturing companies now, to less than 200 in the next five years.
    Regarding our continued market penetration and the condition of our
    competition, we believe the factors previously described, increases barriers
    to entry and puts us in a very good position to lead consolidation of the
    disinfectant industry.”

    “Last, but certainly not least, we believe good corporate governance
    measures and practices are very important to Linkwell and our investors. I am
    dedicated to implementing and maintaining these measures as described in
    appropriate SEC and stock exchange rules and regulations, including the
    establishment of an independent board of directors, hiring a qualified CFO,
    and reliable disclosure and internal control procedures.”

    About Linkwell Corporation

    Linkwell develops, manufactures and distributes disinfectant healthcare
    products in China through its subsidiary LiKang Disinfectant. Linkwell’s
    disinfectant healthcare products are a nationally recognized domestic Chinese
    brand in this market segment. Linkwell products include disinfectants in
    liquid, tablet, powder and aerosol form. Through LiKang, Linkwell has a
    national marketing and sales presence throughout all 22 provinces,
    5 autonomous regions, and 4 special municipalities of China. For more
    information, please visit http://www.linkwell.us .

    Safe Harbor Statement

    This news release contains forward-looking statements within the meaning
    of the Private Securities Litigation Reform Act of 1995. These forward-
    looking statements are based on current expectations or beliefs, including,
    but not limited to, statements concerning the Company’s operations, financial
    performance and condition. For this purpose, statements that are not
    statements of historical fact may be deemed to be forward-looking statements.
    The Company cautions that these statements by their nature involve risks and
    uncertainties, and actual results may differ materially depending on a variety
    of important factors, including, but not limited to, the impact of competitive
    products; pricing and new technology; changes in consumer preferences and
    tastes; effectiveness of marketing; changes in laws and regulations;
    fluctuations in costs of production; and other factors as those discussed in
    the Company’s reports filed with the Securities and Exchange Commission from
    time to time. In addition, the Company disclaims any obligation to update any
    forward-looking statements to reflect events or circumstances after the date
    hereof.

    For more information, please contact:

    Investor Relations
    Craig Bird
    Segue Ventures LLC
    Tel: +1-215-885-4981
    Email: chbird@segue.biz

    SOURCE Linkwell Corporation

  • 04Mar

    NEW YORK, March 4 /PRNewswire/ — Healthcare professionals who use
    Advanstar’s ModernMedicine.com will experience enhanced Web search results as
    a result of a newly announced strategic partnership with SearchMedica.com, the
    medical professional’s search engine. ModernMedicine.com is an innovative,
    online clinical decision-support resource.

    “SearchMedica is proud to supplement ModernMedicine.com in its effort to
    provide quality, credible healthcare information to medical professionals,”
    said Cyndy Finnie, senior product manager for SearchMedica. “SearchMedica is
    committed to connecting physicians and other healthcare professionals to these
    trusted resources, ultimately improving patient care.”

    As part of this strategic partnership, SearchMedica.com will power
    ModernMedicine’s Web searches, driving reliable medical search results to the
    ModernMedicine.com search results page. In turn, ModernMedicine.com will offer
    users access to credible professional medical search results on
    SearchMedica.com.

    “ModernMedicine.com provides healthcare professionals with instant answers
    to clinical and practice management questions from highly credible and trusted
    sources,” said David Hoo, vice president of marketing for Advanstar Life
    Sciences Marketing. “The partnership with SearchMedica enhances our content
    and features and fits with our new digital strategy to bring timely, high
    quality content to the medical community aggregated from strategic partners as
    well as our own brands.”

    ModernMedicine provides healthcare professionals with access to a robust,
    cross-specialty library of content that is complemented by interactive tools
    and features. The beta version registered more than 25,000 users in 2007 with
    minimal promotion. As of February 29, 2008, registration had surpassed 50,000,
    and the site is now being further expanded with a goal of registering
    150,000 users or more.

    In addition to ranking search results according to relevance as many
    search engines do, SearchMedica also organizes results into such categories as
    practical articles and news, research reviews and editorials, evidence-based
    articles and meta-analyses, practice guidelines, clinical trials for patients,
    continuing medical education, and alternative or complementary medicine. This
    segmented organization makes it easier than ever for healthcare professionals
    to pinpoint the information they seek.

    About SearchMedica.com:

    SearchMedica.com indexes only authoritative medical information, approved
    for inclusion by medical editors and a physician editorial board. Medical
    professionals receive more relevant, smaller sets of search results from
    SearchMedica.com than from mainstream engines, which contain
    consumer-oriented, paid testimonials and other types of unreliable
    information. Since SearchMedica.com is advertiser supported, medical
    professionals pay nothing to use the specialty search engine. All SearchMedica
    search results are independent and unbiased. They contain well-known, credible
    journals, peer-reviewed research, and evidence-based articles written for
    practicing healthcare professionals. SearchMedica is currently available at
    http://www.SearchMedica.com.

    About ModernMedicine.com:

    ModernMedicine.com (http://www.modernmedicine.com) is an online service of
    Advanstar Communications Inc. (http://www.advanstar.com), a leading worldwide
    media company providing integrated marketing solutions for the Fashion, Life
    Sciences and Powersports industries. Advanstar serves business professionals
    and consumers in these industries with its portfolio of 47 events,
    60 publications and directories, 95 electronic publications and Web sites, as
    well as educational and direct marketing products and services. Market leading
    brands and a commitment to delivering innovative, quality products and
    services enables Advanstar to “Connect Our Customers With Theirs.” Advanstar
    has approximately 1,000 employees and currently operates from multiple offices
    in North America and Europe.

    SOURCE SearchMedica.com