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Set Up E-mail Alerts For Press Releases » RSS Feed For Press Releases »FRIANT, Calif., Sept. 7 /PRNewswire/ -- MEGA MOUNTAIN JACKPOTS are exploding with winnings for Table Mountain Casino Club Players who are using their Player's Club Card! Massive Cash showered two more lucky TMC Club Players with significant random jackpots -- virtually creating back-to-back Massive Cash Jackpot Winners this weekend.
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SOURCE Table Mountain Casino
HONG KONG--(BUSINESS WIRE)--
Rackspace(R) Hosting (NYSE: RAX), the world's leader and specialist in hosting services, today announced the opening of its Asian headquarters and data center in Hong Kong. This expansion into Asia marks the Company's continued investment in superior customer service and exhibits its confidence in the business opportunity that Asia represents.
Rackspace selected Hong Kong due to its reputation within the global business economy, its world-class IT infrastructure, multiple telecommunication providers and rich talent pool. Rackspace also solicited feedback from its current customer base in the Asian Pacific region and the majority of those respondents confirmed their preference for doing business in Hong Kong. The data center, located in the Fo Tan district of Hong Kong, will represent an investment of at least US$20 million when complete, inclusive of data center lease obligations and infrastructure, equipment and personnel expenses. The new data center will initially have approximately 9,500 gross square feet and will be expandable to about 18,000 gross square feet.
"As our customers expand to other regions, they want a partner that will grow with them, and our expansion into Asia is an important step towards meeting our goal of becoming one of the world's great service companies," said Lanham Napier, president and CEO, Rackspace Hosting. "Hong Kong has a strong local economy and growing customer demand for hosting, especially in the financial services area, so we look forward to a successful expansion in the Hong Kong market."
The operation in Hong Kong will offer the full range of Rackspace service offerings including managed hosting, cloud hosting, virtualization, security and email services, storage and backup and professional services. The sales and support will be handled on a global basis with teams located in Hong Kong, the US and UK. Rackspace already has more than 500 customers based in Asia Pacific and the establishment of the data center in Hong Kong is an important step in strengthening the Company's presence to build on its hosting service offerings.
Acting Director-General of Investment Promotion at InvestHK, Simon Galpin, in welcoming the launch of Rackspace's data center in Hong Kong, said, "We are naturally very pleased that Rackspace has decided to invest in Hong Kong. As a hosting provider, Rackspace provides round-the-clock and reliable services to clients. Hong Kong is an excellent choice for Rackspace's data center because of our stable political environment and sound legal systems that help protect data and intellectual property rights. We also offer a world-class telecommunications, information technology and electric power infrastructure that ensure the smooth running of the center. In addition, Hong Kong's position as the gateway to Mainland China, soon to be the world's third largest economy, provides a springboard for overseas companies to go into Mainland China. We look forward to the successful development of the data center and the business success of Rackspace in Hong Kong and elsewhere in this region."
Another helpful factor in securing Rackspace's presence in Hong Kong was the company's partner, Dell Hong Kong Limited. "As a global leader in technology, Dell is committed to providing its customers and partners the best in-class products and services that meet the needs of their growing business," said Steve Lam, Managing Director, Dell Hong Kong Limited. "We have been in close discussions with Rackspace, both in the US and here in Hong Kong, to discover all the intricacies of helping set up their first data centre in Asia. These discussion entailed near-term and long-team business and technical goals, the right infrastructure and professional support, right up to location requirements. We are proud that our Infrastructure Consulting Services, servers and storage solutions fit perfectly well to the high expectations of Rackspace and its customers. This is as much a milestone for Dell as it is for Rackspace's expansion into Asia, and we are delighted to play our role."
"Asia represents a significant growth opportunity for Rackspace. The foundation of our success is hiring new "Rackers" in Hong Kong to join our unique work environment and bring a fresh perspective of service to our award-winning Fanatical Support(R)," says Jim Fagan, managing director for Asia Pacific, Rackspace Hosting Asia.
The data center in Hong Kong joins Rackspace's existing data center operations, including facilities in San Antonio, Dallas, northern Virginia and London. Over the past five years, Rackspace has grown net revenues more than 50 percent per year to US$362 million in 2007, and serves more than 31,000 businesses located in more than 100 countries.
About Rackspace
As the world's leader and specialist in hosting, Rackspace Hosting is changing the way businesses worldwide buy IT. Rackspace delivers computing-as-a-service, integrating the industry's best technologies into a flexible service offering, making computing more reliable and affordable. A trusted partner to companies of all sizes, Rackspace enables IT departments to be more effective. Rackspace is distinguished by its award-winning Fanatical Support(R), furthering the company's mission to be one of the world's greatest service companies. Rackspace is recognized as one of FORTUNE Magazine's 100 Best companies to work for in the US, ranking number 32 on the 2008 list. Rackspace's portfolio of hosted IT services includes managed hosting (www.rackspace.com), email hosting (www.mailtrust.com) and cloud hosting (www.mosso.com). For more information on Rackspace Hosting please visit www.rackspace.com.
Forward-Looking Statements
This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of Rackspace Hosting could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any statements concerning expected investment in and development of the Hong Kong operation, anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the possibility that expected benefits may not materialize as expected; the achievement of expected operational results; failure of third party hardware and software, power failures and service interruptions, material lawsuits, governmental regulations, and other risks that are described in Rackspace Hosting's amended registration statement on Form S-1 (File No. 333-150469), filed with the Securities and Exchange Commission on August 5, 2008. Except as required by law, Rackspace Hosting assumes no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Source: Rackspace Hosting
DUBLIN, Ireland--(BUSINESS WIRE)--
Research and Markets (http://www.researchandmarkets.com/research/e90995/directory_of_top_6) has announced the addition of the "Directory of Top 60 Biopharmaceutical Manufacturers in China" directory to their offering.
The first edition of the China Biopharmaceutical Index includes the Top 60 Biopharmaceutical Companies in China, with detailed profiles of their business focus, products, revenues, R&D and business strategies, international objectives, partnering strategies, and marketing activities. In addition, subscribers will receive on-going updates to activities and trends in China as the country's biopharmaceutical industry expands. Our China Biopharmaceutical Index and our Top 60 Directory provide you information on trending of activities and changes occurring in the region. Be sure to keep up-to-date on Who's Who in China. This report will help ensure you're current, and have a solid understanding of this dynamic, rapidly changing market.
By the Numbers:
-- 305 pages
-- Lists the key 123 Chinese-owned biopharmaceutical
organizations
-- 81 are recombinant and protein therapeutic biopharmaceutical
companies
-- 42 are vaccines and blood products manufacturers
Our ranking of the Top 60 organizations is done using our proprietary profile analysis and assessment process. Over 300 pages profiling:
-- Company Overview and History
-- Senior Managers' Overview
-- Ownership and Subsidiaries
-- Detailed Financial Data
-- Employee Data
-- Partnering Opportunties
-- Product Information
-- Manufacturing Information
-- International GMP Certifications
-- Corporate Agreements
-- Technological and Regulatory Aspects
-- International Partnering Objectives
-- R&D activities
-- Challenges
-- Future Plans
-- More...
Unique and hard-to-find primary information profiles business focus, and partnering strategies. Stay current on trends, changes, and "Who's Who" in China. Ensure you've got a solid understanding of this dynamic, rapidly changing market.
For more information visit
http://www.researchandmarkets.com/research/e90995/directory_of_top_6
Source: Research and Markets Ltd.
NEW YORK & TOKYO--(BUSINESS WIRE)--
Kohlberg Kravis Roberts & Co. (KKR) announced today that, effective September 4, 2008, it has appointed Mr. Yoshiharu Fukuhara as a Senior Advisor in Japan. Mr. Fukuhara brings extensive Japanese corporate experience to KKR, through a long and distinguished career at Shiseido Co., Ltd. (Shiseido), Japan's leading manufacturer of luxury cosmetics, make-up, skin care and fragrances. He is currently Honorary Chairman of Shiseido, a position he has held since 2001.
Henry R. Kravis, Founding Partner of KKR, said, "KKR is founded on the principles of understanding, trust and partnership. In every market in which we operate, we ensure that these principles not only guide how we work, but also that our actions are in line with the local business culture and community. We are delighted that such a respected Japanese businessman and philanthropist, Mr. Fukuhara, has agreed to become a Senior Advisor to KKR in Japan, and look forward to his input, as we use our guiding principles to build strong relationships in this market."
Shusaku Minoda, Managing Director and Chief Executive Officer of KKR Japan Ltd., commented, "Mr. Fukuhara has played a central role in developing Shiseido into the admired and successful company it is today. Not only does he bring solid domestic and international operational business experience to his role as a Senior Advisor to KKR, but he also shows that it is possible to balance a high profile career with significant philanthropic activities through his diverse interests in supporting and promoting Japanese culture. We look forward to the contribution he can bring to our business as we work to support Japanese companies as they strive to increase corporate value."
Yoshiharu Fukuhara added, "I am excited to be working with KKR, the firm that pioneered private equity as a vehicle to help companies grow. In these challenging times for Japanese companies as they strive to broaden their business, including looking at further developing their global footprint, I look forward to partnering with KKR to help Japanese companies achieve these important goals."
Mr. Fukuhara, grandson of Shiseido founder, Arinobu Fukuhara, joined Shiseido in 1953, upon graduation from Keio University with a Bachelor of Arts in Economics. He was appointed President and CEO in 1987, and Chairman of the Board in 1997. He took up his current role of Honorary Chairman in 2001.
Mr. Fukuhara's tireless efforts to build Shiseido as an admired company in not only the global business marketplace, but also in the local communities in which it operates, as well as his active role in promoting culture, have been widely recognized through the award of prestigious honours from France, Italy, China, and his native Japan. He is a member of a number of committees and associations in Japan, including serving as the Chairman of the Association for Corporate Support of the Arts and the Director of Tokyo Metropolitan Museum of Photography, and has published a number of books, including "Keys to Aging Gracefully" and "100 Orchids."
About KKR
Established in 1976, KKR is a leading global alternative asset manager. The core of the Firm's franchise is sponsoring and managing funds that make private equity investments in North America, Europe, and Asia. Throughout its history, KKR has brought a long-term investment approach to portfolio companies, focusing on working in partnership with management teams and investing for future competitiveness and growth. Additional funds that KKR sponsors include KKR Private Equity Investors, L.P. (NYSE Euronext Amsterdam: KPE), a permanent capital fund that invests in KKR-identified investments; and two credit strategy funds, KKR Financial (NYSE: KFN) and the KKR Strategic Capital Funds, which make investments in debt transactions. KKR has offices in New York, Menlo Park, San Francisco, London, Paris, Hong Kong, Beijing, Tokyo and Sydney. More information about KKR is available at: www.kkr.com
Source: Kohlberg Kravis Roberts & Co.
SAN DIEGO, CA and PHOENIX, AZ -- (MARKET WIRE) -- 09/07/08 -- Medistem Inc. (OTCBB: MEDS) announced today that it has modified an existing license agreement with the Institute for Cellular Medicine (ICM).
Under the modified agreement, Medistem will receive $1,000,000 cash and the return of 560,000 shares of Medistem common stock (valued at $700,000 based on the closing price on the date of the transaction). In exchange, the territory of the license agreement is expanded, Medistem will no longer receive an ongoing royalty stream from ICM, and all existing loans and royalties due from ICM are satisfied. Medistem estimates that the value of the consideration received exceeds the value of existing amounts due by over $900,000. Since the inception of its license agreement in 2005, edistem has earned approximately $507,000 in licensing revenues from ICM. ICM is controlled by Medistem's Chairman of the Board and majority stockholder.
Steve Rivers, CFO, commented, "Our previous relationship with ICM was success-based, and therefore presented economic uncertainty. The new agreement provides us immediate liquidity and reduces our dependence on revenue streams that are beyond our control."
"Our proprietary menstrual blood derived stem cell, the endometrial regenerative cell (ERC), was recently demonstrated to have potential to treat critical limb ischemia, an advanced form of peripheral vascular disease responsible for more than 100,000 amputations per year," said Thomas Ichim, CEO. "The liquidity provided by this agreement will accelerate our developmental plans and anticipated IND filing for our lead candidate."
A recently published peer-reviewed academic paper http://www.translational-medicine.com/content/6/1/45 supporting the use of the company's lead candidate for critical limb ischemia was co-authored by edistem and an internationally renowned team of collaborators.
About Medistem Inc.
edistem Inc. is a biotechnology company founded to develop and commercialize technologies related to adult stem cell extraction, manipulation, and use for treating inflammatory and degenerative diseases. The company's lead product, the endometrial regenerative cell (ERC), is a "universal donor" stem cell derived from the menstrual blood that possesses the ability to differentiate into nine tissue types, produce large quantities of growth factors, and a large proliferative capacity. A peer reviewed publication describing this novel cell type may be found at http://www.translational-medicine.com/content/5/1/57. The company is currently focusing on use of endometrial regenerative cells for treatment of critical limb ischemia, an advanced form of peripheral artery disease.
Cautionary Statement
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of our securities. This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. Factors which may cause actual results to differ from our forward-looking statements are discussed in our Form 10-K for the year ended December 31, 2007 as filed with the Securities and Exchange Commission.
For further information on Medistem Inc., please visit http://www.medisteminc.com or contact: Thomas Ichim, PhD CEO 9255 Towne Center Drive Suite 450 San Diego, CA 92122 1-877-ERC-STEM
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