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Exit Only, Inc. (Pink Sheets: EXTO - http://finance.yahoo.com/q?s=EXTO.pk)
Nov 25, 2008 -- Exit Only, Inc. (Pink Sheets: EXTO | Quote | Chart | News | PowerRating) today announced that it has signed a definitive agreement to merge with Summit City Grand Resort & Casino Holdings Corporation. The Chief Executive Officer (CEO) and President of Summit City Grand Resort & Casino are H.S. Liddell and Todd Smith.
Key political leaders have previously met to organize getting legislation approved for its gambling license for the state of Indiana. The construction of the proposed casino will be joined with the construction of a major water park, resort, and hotel. The goal is to revitalize the downtown Fort Wayne, Indiana area and provide financial support for the city. Key constituents have already conducted meetings with the Indiana Gaming Commission to initiate the process. The project is expected to bring approximately 1500 jobs to the city of Fort Wayne, Indiana.
Indiana is one of the most popular resort and casino destinations in the United States. The Annual Reports filed within the Indiana Gaming Commission by other resorts and casinos in Indiana reflects a total of $2.219 billion for annual gross revenues generated within the gaming industry for FY2008. Summit City Grand Resort & Casino Holdings Corporation is very confident that its resort and casino operations will make significant contributions towards the growth of the gaming industry while being a very unique and perfect counterpart for the state of Indiana. http://www.in.gov/igc/files/FY2008-Annual.pdf
The CEO of Summit City Grand Resort & Casino Holdings Corporation, H.S. Liddell, is currently a part owner of the Sosua Bay Grand Casino & Resort and the Hotel Villa Chessa out of the Dominican Republic within the Caribbean Gaming & Acquisition Corp. http://www.sosuabayresort.com/, http://www.sosuabaygrandcasino.com/hotel_casino.html, http://www.caribbeangamingcorp.com/about.html
For over 20 years, Mr. Liddell has been the owner and operator of "Piere's", one of the largest nightclubs in the Midwest located in Fort Wayne, IN. Piere's includes 5 great clubs under one roof and its "million dollar stage." Piere's is 4th in the world in concert ticket sales for "over 21" concerts. Over 1000 National Recording Artists have performed including the likes of Godsmack, Creed, REO Speedwagon and Willie Nelson. Piere's has over 65 national concerts per year and entertain over 6,000 people per week. http://www.itstheparty.com/
Mr. Liddell brings a great background in operations of large scale entertainment projects to the Company and is also the owner of some properties within Sosua including a property housing 20 apartments and 12 hotel rooms. Mr. Liddell also owns two other nightclubs, other commercial buildings, millions of dollars of downtown prime real estate development properties and warehouses in Indiana.
Mr. Liddell owns Allure Limousines, a premier limousine company that provide services for all of the Fort Wayne, Indiana area. Allure Limousines also owns a Classic Trolley in the area that holds up to 28 passengers. http://allurelimos.info/
Mr. Liddell owns Picasso's, the city's premier banquet facility. All of Picasso's food for weddings, anniversaries, corporate parties & more is catered by the four star restaurant owned by Mr. Liddell, Trolley Steaks & Seafood. The restaurant can cater from 10-250 people. http://www.picassosevents.com/, http://www.thetrolleybar.com/
As President, Todd Smith will oversee all operations for Summit City Grand Resort and Casino Holdings Corporation. Mr. Smith brings experience from currently overseeing 18 corporations, with over 300 employees, owned between himself and Mr. Liddell's umbrella of businesses over the past 21 years.
The consummation of this merger did not require a reverse of the existing shares. The merger was completed in a share swap between current management and Summit City Grand Resort & Casino Holdings Corporation. Shares were recently retired to enhance valuation in preparation for the merger completion. The current share structure will be updated on www.pinksheets.com in the near future.
The company is currently in discussions with major partners to continue contributing towards the completion of this project. Significant financing options have been discussed and will be announced in detail in the near future.
About Summit City Grand Resort & Casino Holdings Corporation
Summit City Grand Resort & Casino Holdings Corporation engages in the development, ownership, and operation of casino resorts. Its primary mission will be to manage and operate the premier casino, water park, resort and hotel operations that will be based out of Fort Wayne, Indiana. http://www.summitcityholdingscorp.com/, http://www.summitcityresort.com/
Universal Detection Technology (www.udetection.com) (OTCBB: UNDT - http://finance.yahoo.com/q?s=UNDT.ob)
Nov. 25th, 2008-- Universal Detection Technology (www.udetection.com) (OTCBB: UNDT | Quote | Chart | News | PowerRating) (FRANKFURT: PO8), a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats and provider of counter-terrorism consulting and training services, today issued an analysis of the increased incidence of both community and hospital acquired methicillin-resistant Staphylococcus aureus (MRSA).
MRSA is a type of bacteria that is resistant to certain antibiotics. These antibiotics include methicillin and other more common antibiotics such as oxacillin, penicillin and amoxicillin. Staph infections, including MRSA, occur most frequently among persons in hospitals and healthcare facilities (such as nursing homes and dialysis centers) who have weakened immune systems.
UNDT's Vital Oxide is truly the Ultimate Odorless Odor Eliminator. Vital Oxide eliminates odors on contact without leaving an odor of its own and actually kills 99.9% of bacteria it comes in contact with, including the MRSA (Super-Bug). Vital Oxide is not a "cocktail" of harmful chemicals that are not good for you or the environment.
The general population learned the extend of the MRSA threat last fall when the Centers for Disease Control and Prevention set off a media frenzy with its announcement that invasive MRSA infections claim at least 18,000 lives a year, more than AIDS. However, MRSA has been quietly killing for decades.
MRSA infections that occur in otherwise healthy people who have not been recently (within the past year) hospitalized or had a medical procedure (such as dialysis, surgery, catheters) are known as community-associated (CA)-MRSA infections. These infections are usually skin infections, such as abscesses, boils, and other pus-filled lesions. (CA)-MRSA has become a growing concern with athletes including the national football league (NFL). According to a recent report on the increased reports of MRSA in the NFL: "MRSA is getting nastier because there are now multiple strains of it and because football is a game where cuts are common. So-called community MRSA is caught in the locker room, then mixes with the nastier type in a hospital when you go in for treatment."
UNDT's line of anti-bacterial sprays have been specifically designed to be effective against MRSA. Studies on the product show that areas treated with the solution not only become disinfected, but also no new stains appear on the treated area for up to 7 days.
"The threat of Community MRSA is becoming more and more evident everyday and we have developed products to counter the threat," said Mr. Jacques Tizabi, UNDT's Chief Executive Officer. "Every school and university needs to implement strict disinfection techniques to insure the safety of the students," he added.
For more information please visit our website at www.udetection.com or
Email us at info@udetection.com.
About Universal Detection Technology
Universal Detection Technology is a developer of monitoring technologies, including bioterrorism detection devices. The Company on its own and with development partners is positioned to capitalize on opportunities related to Homeland Security. For example, the Company, in cooperation with NASA, has developed a bacterial spore detector that detects certain biohazard substances. The Company is also a reseller of handheld assays used for detection of five bioterrorism agents, radiation detection systems, and antimicrobial products. For more information, please visit www.udetection.com.
Keryx Biopharmaceuticals, Inc. (Nasdaq: KERX - http://finance.yahoo.com/q?s=KERX)
Nov. 21st, 2008-- Keryx Biopharmaceuticals, Inc. (Nasdaq: KERX | Quote | Chart | News | PowerRating) today announced that on November 17, 2008, it received notice from The Nasdaq Stock Market ("Nasdaq") stating that the Company is no longer in compliance with Marketplace Rule 4310(c)(3), which requires the Company to have a minimum of $2,500,000 in stockholders' equity, or $35,000,000 market value of listed securities, or $500,000 of net income from continuing operations for the most recently completed fiscal year or two of the three most recently completed fiscal years, for continued listing on The Nasdaq Capital Market.
In the letter, Nasdaq Staff requested that the Company provide, on or before December 2, 2008, a specific plan to achieve and sustain compliance with all of The Nasdaq Capital Market listing requirements, and the time frame required for completion of the plan. The Company is preparing its plan for submission to Nasdaq by the specified date.
If, after the conclusion of the review process, Nasdaq Staff determines that the Company has not presented an adequate plan to address the issues noted, the Nasdaq Staff will provide the Company with written notification that its securities will be delisted. The Company may then appeal the Nasdaq Staff's decision to a Nasdaq Listing Qualifications Panel.
The notification from Nasdaq has no effect at this time on the continued listing of Keryx Biopharmaceuticals' common stock on The Nasdaq Capital Market.
About Keryx Biopharmaceuticals, Inc.
Keryx Biopharmaceuticals is focused on the acquisition, development and commercialization of medically important, novel pharmaceutical products for the treatment of life-threatening diseases, including renal disease and cancer. Keryx is developing Zerenex(TM) (ferric citrate), an oral, iron-based compound that has the capacity to bind to phosphate and form non-absorbable complexes. Zerenex is currently in Phase 2 clinical development for the treatment of hyperphosphatemia (elevated phosphate levels) in patients with end-stage renal disease. The Company is also developing KRX-0401 (perifosine), a novel, potentially first-in-class, oral anti-cancer agent that modulates Akt, a protein in the body associated with tumor survival and growth. KRX-0401 also modulates a number of other key signal transduction pathways, including the JNK and MAPK pathways, which are pathways associated with programmed cell death, cell growth, cell differentiation and cell survival. KRX-0401 is currently in Phase 2 clinical development for multiple tumor types. The Company also has an in-licensing and acquisition program designed to identify and acquire additional drug candidates. Keryx is headquartered in New York City.
Freddie Mac (NYSE: FRE - http://finance.yahoo.com/q?s=FRE)
Nov 24th, 2008-- Freddie Mac (NYSE: FRE | Quote | Chart | News | PowerRating) today issued its 2009 funding calendars, which provide optional announcement dates for Reference Notes(R) securities, potential issuance weeks for Reference REMIC(R) securities and announcement and auction dates for Reference Bills(R) securities. The 2009 funding calendars are available on the Debt and Mortgage Securities pages of the company's Web site at http://www.FreddieMac.com.
On the Reference Notes announcement dates set forth on Freddie Mac's 2009 Reference Notes and Reference REMIC Calendar, Freddie Mac will announce whether it plans to issue a Reference Notes security. If a Reference Notes security will be issued, Freddie Mac will also provide relevant transaction information.
Freddie Mac's Reference Notes and Reference REMIC Calendar also includes optional monthly issuance windows for Reference REMIC securities. Issuance of Reference REMIC securities will be subject to market conditions, including the availability of collateral and investor interest. On the first business day of each month, Freddie Mac will announce whether it plans to use the optional issuance window, and when relevant, confirm the timing of when it expects to issue a Reference REMIC security.
Freddie Mac's 2009 Reference Bills Calendar provides announcement and auction dates for one-, three-, six- and 12-month Reference Bills securities. One-month Reference Bills auctions will be optional each week, with a minimum of one auction per month. Three- and six-month Reference Bills will be auctioned every week. Auctions of 12-month Reference Bills securities will be optional each week. During the year, Freddie Mac will auction all one-, three-, six- and 12-month Reference Bills securities on Mondays unless Monday is a holiday. If Monday is a holiday, the auction will occur on Tuesday. Reference Bills auction announcements occur at 10:30 a.m., Eastern Time, on Fridays.
The announcement is neither an offer to sell nor a solicitation to buy any of these securities. Any such offering will be made by an offering circular and pricing supplement.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.
Fannie Mae (NYSE: FNM - http://finance.yahoo.com/q?s=FNM)
Nov. 25th, 2008-- Fannie Mae (NYSE: FNM | Quote | Chart | News | PowerRating) will redeem the principal amount indicated for the following securities issue on the redemption date indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:
Principal Security Interest Maturity Date CUSIP Redemption Date Amount Type Rate $200,000,000 MTN 4.850% December 5, 31398AKB7 December 5, 2012 2008
Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. In 2008, we mark our 70th year of service to America's housing market. Our job is to help those who house America.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of Fannie Mae. Nothing in this press release constitutes advice on the merits of buying or selling a particular investment. Any investment decision as to any purchase of securities referred to herein must be made solely on the basis of information contained in Fannie Mae's applicable Offering Circular, and that no reliance may be placed on the completeness or accuracy of the information contained in this press release.
You should not deal in securities unless you understand their nature and the extent of your exposure to risk. You should be satisfied that they are suitable for you in the light of your circumstances and financial position. If you are in any doubt you should consult an appropriately qualified financial advisor.
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