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Jun 9, 2009 -- Keryx Biopharmaceuticals, Inc. (NASDAQ: KERX) today announced that on June 5, 2009, it received a letter from the NASDAQ Listing Qualifications Hearings Panel granting the Company an extension through August 31, 2009, to regain compliance with Nasdaq Listing Rule 5550(b), 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.
The Company expects to be able to comply with Nasdaq Listing Rule 5550(b) for continued listing on The Nasdaq Capital Market by August 31, 2009; however, there can be no assurance that the Company will be able to do so. Failure to comply with the conditions for listing could result in the delisting of the Company's common stock from 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 has recently completed a Phase 2 clinical program as a treatment for 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 actively engages in business development activities that include seeking strategic relationships for its product candidates and for the Company, as well as evaluating compounds and companies for in-licensing or acquisition. Keryx is headquartered in New York City.
Jun 9, 2009 -- Wanderport Corp. (PINKSHEETS: WDRP) announced the signing of a definitive agreement with privately held Winstock Ecovia International to participate in the ownership and in the launch of the newest Chinese "Ecovia" Electric Vehicle.
According to the company, Wanderport will participate in the ownership of Winstock Ecovia and provide management to help in the deployment of the newest Chinese Electric Vehicle code named "Ecovia." The company expects to close the definitive agreement on or before June 18, 2009.
"We are one step closer to being part of the auto industry revolution and join the likes of Berkshire in the ownership of leading Chinese Electric Vehicle manufacturer," said Barry Somervail, President of Wanderport. "Our deal may not be as rich as the $230 million investment made by Warren Buffet, but our ownership and participation in the launch of this great electric vehicle sensation will truly create sustainable value for our shareholders for many years to come."
About Wanderport Corp.
Wanderport Corporation is a holding and business development company specializing in the investment and deployment of environmentally friendly technology. The areas of interest are primary, alternative renewable energy, energy saving, and products, which held reduce America's dependence to foreign oil such as electric vehicles.
Jun 8, 2009 -- ZAGG Inc. (OTCBB: ZAGG), a leading producer of mobile electronics accessories including the popular invisibleSHIELD(TM) and award-winning ZAGGaudio(TM) brands, announces their foray into the fast-growing market for mobile applications. ZAGG's initial developments include AppSpace.com, an online destination for mobile apps, as well their first app developed and published directly by ZAGG for the iPhone app platform.
ZAGG executives announced the development and scheduled July 2009 launch of AppSpace.com during their recent investor conference call. AppSpace.com will provide mobile app users with an industry-first app search engine with a social media component to ease the process of sorting through the exploding number of mobile titles. It will also give developers a platform to promote their apps.
"Entering the mobile application world is a strategic expansion for ZAGG, and I believe it will be a significant part of our business in the future," said Robert G. Pedersen II, ZAGG's President and CEO. "AppSpace.com is an entirely new approach to app discovery, and it promises to become an indispensable tool for both mobile app users and app developers."
ZAGG also introduced a new mobile application for Apple's iPhone platform; a fast-paced strategy game called "Trains." It is the first app developed and published directly by ZAGG.
"'Trains' has an appeal that is similar to some of the most popular iPhone games currently on Apple's App Store. If you enjoy 'Flight Control' from Firemint, we think you will love 'Trains,'" said Cameron Gibbs, ZAGG's Director of Apps. "This is the first of the many great things to come from ZAGG's apps."
"Trains" combines the fun of operating a model train with the addictive challenge of a strategy game. Players control the tracks as a variety of colored trains speed through the yard. Intersections can be switched ahead of the trains to direct the cargo through the proper warehouses, and then safely off the screen. Proper switching drops off the cargo in the warehouses and rewards the player with points. But if any of the trains collide, the player's time as engineer is done and he has to start over.
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