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Ambrilia Biopharma Inc.: Ambrilia Biopharma Submits a Request for Arbitration Against Merck
MONTREAL, QUEBEC (MARKET WIRE) Ambrilia Biopharma Inc. (TSX: AMB) announced today that it has submitted a Request for Arbitration with the International Chamber of Commerce (ICC) to resolve disputes, controversies and claims related to a November 14, 2003 Confidentiality Agreement and an October 12, 2006 Exclusive License Agreement between Ambrilia and Merck & Co., Inc. and Merck Sharpe & Dohme Research Ltd (collectively, 'Merck') respectively and certain Ambrilia patent and other rights. Following many attempts at resolution with Merck, Ambrilia came to the conclusion that seeking arbitration was the most
Marketwire.com

CH Lighting International Corp.: China Lighting International Corporation Says Domestic Sales Growth Spurred Significant Gains in Fiscal 2008 Revenues and Profits; Sales in China Increased 374% While Overseas Revenue Grew 83%
JINHUA, CHINA (MARKET WIRE) CH Lighting International Corporation (OTCBB: CHHN), one of the world's leading designers, manufacturers and exporters of a wide variety of fluorescent lighting products and a leading company in China in the rapidly growing special light source market, today reported significant gains in sales and net income for its fiscal year ended September 30, 2008.
Marketwire

El Paso Corporation: El Paso Corporation Obtains $300 Million Secured Revolving Credit Facility
HOUSTON, TX (MARKET WIRE) El Paso Corporation (NYSE: EP) announced today that its wholly owned subsidiary, El Paso Exploration & Production Company, and certain of its subsidiaries have obtained a 364-day borrowing base facility that is collateralized by an estimated 0.4 trillion cubic feet equivalent of proved natural gas and oil reserves. The facility will be effective December 30, 2008. The facility is available for general corporate purposes. El Paso Exploration & Production Company has no current plans to draw upon it.
Marketwire.com

Ecomomic news drowns out geopolitics in oil market
Oil prices fell today as consumer confidence in the U.S. hit an all-time low in December and home prices dropped sharply, with few signs that the real estate market has hit bottom.
Houston Chronicle

MonoGen Inc.: MonoGen, Inc. Announces Assignment and Filing for the Benefit of Creditors
LINCOLNSHIRE, ILLINOIS (MARKET WIRE) MonoGen, Inc. (TSX: MOG) has today announced that its US subsidiary, MonoGen, Inc., ('MonoGen USA') will be pursuing an out-of-court liquidation conducted by a common law Assignment for the Benefit of Creditors which it believes will permit the most efficient liquidation and provide the best structure to realize value for its stakeholders. The Board of Directors of the Canadian parent company MonoGen, Inc. ('MonoGen Canada') has authorized MonoGen USA to enter into a Trust Agreement with Nancy Ross of High Ridge Partners, Inc., as the Assignee-Trustee of all of MonoGen USA's remaining assets.
Marketwire.com

Austin public cos. took beating in `08
Rising foreclosures, mortgage meltdown, federal bailout, Wall Street crisis, mass layoffs, frozen credit markets. The headlines were awash with the buzz terms of recession in 2008. (ACC) (CIA) (FOR) (GFG) (TIN)
bizjournals

Kalorama Information: Online Access of Patient Health Records Adds New Dimension to EMR
NEW YORK, NY (MARKET WIRE) As EMR adoption makes big gains in healthcare, a new trend is emerging in the form of internet-based Personal Health Records (PHR), which will vastly influence the healthcare industry. Patients can obtain information, such as laboratory results, radiology reports, medication lists, and culture test results with the click of a mouse. A new report from Kalorama Information, 'U.S. Markets for EMR (Electronic Medical Records) Technology,' notes this trend and examines how the focus of ownership of medical records is shifting from one that is distributed among various healthcare providers to one
Marketwire.com

Green Mountain Development Corp.: GMND Licenses Technology and Buys Control Stock From BUGS
CARLSBAD, CA (MARKET WIRE) Robert Brehm, CEO of Green Mountain Development Corp. (PINKSHEETS: GMND), an incubator of green technology companies, announced today that the company has obtained a license to manufacture, distribute and use microbial technology for organic sustainable agricultural applications. In a concurrent transaction, the company became independent by purchasing all of the voting control stock of GMND from U.S. Microbics, Inc. (PINKSHEETS: BUGS), its parent company. Both transactions were undertaken to strengthen the financial position of the company and prepare for future funding and agricultural
Marketwire.com

International Power Group, Inc. : International Power Group, Ltd. Announces Plan to Locate AddPower Technology in Nevada Corporation and Conduct Future IPO
CELEBRATION, FL (MARKET WIRE) International Power Group, Ltd. (OTCBB: IPWG) today announced that its Board of Directors has approved a plan to locate the Company's AddPower low temperature turbine waste-heat-to-energy technology into a wholly owned Nevada Corporation subsidiary. Under this plan, which will require shareholder approval, each record date shareholder in International Power will receive one share of the new Nevada subsidiary (AddPower, Inc.) for every ten shares of International Power, and an initial public offering of shares in AddPower, Inc. will follow.
Marketwire.com

Actavis: Actavis Acquires Kadian(R); Extends Specialty Drug Portfolio in US
HAFNARFJORDUR, ICELAND (MARKET WIRE) Morristown, NJ, 30 December, 2008 -- Actavis today announced that it has acquired the brand name drug Kadian(R) from King Pharmaceuticals for not more than USD127.5M, based on quarterly sales related milestones, ending 30 June 2010.
Marketwire.com

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