The aggregation will move its address to Chicago, Illinois, from Woodland Hills, California, and Christopher W. Capps has been appointed Chief Executive Officer and Mr. Kiphart non-executive Chairman of the Board. It is the ambition of administration to advance the accepted bookish acreage portfolio and seek affiliation with added companies for the licensing thereof. Administration believes that absorption becoming on the absolutely subscribed bulk of new capital, already received, will acquiesce the aggregation to accomplish on a assisting basis. Mr. Kiphart has adjourned $1,100,000 and expects the antithesis of the $6,500,000 to be adjourned in about thirty canicule aloft achievement of assertive altitude in the absolute agreement. In addition, ADVB intends to accompany acquisitions that it believes can advice it advance its assisting operations.
The aggregation intends to annals as anon as accessible a rights alms acceptance absolute stockholders to acquirement ten shares of accepted banal at $.015 per allotment for every allotment held.
Mr. Kiphart said, “I am aflame to be added acutely complex with Advanced Biotherapy. The aggregation has agitating bookish acreage and now has acceptable basic to acquiesce it to be assisting and accede acquisitions on a action advanced basis.”
Thomas J. Pernice, a affiliate of the Lath of Directors, stated, “On account of Richard Kiphart, the Lath of Directors and the new administration team, I would like to acclaim and acknowledge Edmond Buccellato for his amazing claimed efforts in establishing the company’s all-encompassing apparent portfolio and enabling it to ability a date that allows the aggregation to accompany licensing and added affiliation opportunities.”
About Advanced Biotherapy
The Company, a avant-garde in anticytokine therapy, has approved the capability of its beat accurate action by administering investigational analytic trials alleviative patients adversity from AIDS, assorted sclerosis, rheumatoid arthritis, corneal displace bounce and assertive autoimmune bark conditions, including alopecia, all Th1 advised autoimmune diseases which arise to accept the aforementioned proinflammatory Th-1 activity. Advanced Biotherapy is headquartered in Chicago with laboratories in Columbia, Maryland. The aggregation has an all-encompassing apparent portfolio including 7 issued patents.
Statements fabricated in this account release, added than statements of absolute fact, are advanced statements and are accountable to a cardinal of uncertainties that could account absolute after-effects to alter materially from the advancing after-effects or added expectations bidding in our advanced statements. Some of these advanced statements may be articular by the use of words in the statements such as “anticipate,” “estimate,” “could” “expect,” “project,” “intend,” “plan,” “believe,” “seek,” “should,” “may,” “assume,” “continue,” variations of such words and agnate expressions. These statements are not guarantees of approaching achievement and absorb assertive risks, uncertainties, and assumptions that are difficult to predict. We attention you that our achievement and after-effects could alter materially from what is expressed, implied, or anticipation by our advanced statements. Approaching operating after-effects and the Company’s banal bulk may be afflicted by a cardinal of factors, including, after limitation: (i) availability of capital; (ii) opportunities for collective ventures and accumulated partnering; (iii) opportunities for mergers and acquisitions to access non-bio technology businesses or to aggrandize the Company’s biotechnology base; (iv) authoritative approvals of preclinical and analytic trials; (v) bookish acreage affairs (patents); and (vi) competition. Readers are cautioned not to abode assurance on these advanced statements, which allege alone as of the date the statements were made. See the Company’s accessible filings with the Balance and Exchange Commission for added advice about risks and uncertainties that may affect the Aggregation and the after-effects or expectations bidding in our advanced statements, including the area captioned “Factors That May Affect The Company” independent in the Company’s Annual Report on Form 10-KSB for the budgetary year concluded December 31, 2005. Given these risks and uncertainties, any or all of these advanced statements may prove to be incorrect. Therefore, you should not await on any such advanced statements. Except as appropriate beneath federal balance laws and the rules and regulations of the SEC, we do not intend to amend about any advanced statements to reflect absolute after-effects or changes in added factors affecting such advanced statements.
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