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Advanced Viral Research Corp. (OTCBB: ADVR)(February 25, 2008), a research based biopharmaceutical company dedicated to anti-cancer drug discovery and development, announced yesterday a research agreement with Northeastern University.
ADVR scientists will be working with the Department of Chemistry and Chemical Biology to identify how compounds such as AVR118, a Phase II clinical candidate, interact with clinically relevant molecular targets associated with cancer. In addition to providing greater clarity into how AVR118 exerts its cytoprotective effects, this work is expected to provide valuable insights for producing new generations of product with greater potency and ease of administration. Another important goal of this agreement is to apply ADVR's innovative AFP Technology to identify new compounds with anti-cancer activity. In combination with Northeastern's world-renowned MS and NMR analytical capabilities, the AFP Technology is expected to improve the efficiency of discovering new lead compounds.
"We are excited to be working with this prestigious research institution. Northeastern's academic environment provides an ideal setting for advancing our understanding of AVR118's clinical activity and furthering our oncology discovery efforts," said Vincent P. Gullo, Ph.D., Chief Scientific Officer of ADVR.
About Advanced Viral Research Corp.
Advanced Viral Research Corp. is a New York based biopharmaceutical company dedicated to the discovery and development of small molecule anti-cancer drugs. Its lead compound, AVR118, represents a new class of cytoprotective agent that targets, among other things, some of the most problematic symptoms associated with clinical cachexia or the so called wasting syndrome. In addition, AVR118 has also been shown to possess topical wound healing properties in animal models. Various degenerative conditions associated with body wasting (cachexia) such as cancer, HIV-AIDS and chronic inflammation are potential disease targets for AVR118 therapy. For further information regarding Advanced Viral Research Corp., please visit the website at http://www.adviral.com.
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Columbia Laboratories, Inc., (NASDAQ: CBRX)(February 25, 2008) announced Monday that Robert S. Mills, president and chief executive officer, will present at the Jesup and Lamont 2008 Emerging Growth Stock Conference.
Date: Thursday, February 28, 2008 Time: 3:35 p.m. Eastern Time Venue: Disney Contemporary Resort in Orlando, FL Live webcast: www.cbrxir.com, under "Events" This presentation will be archived for 30 days on Columbia Laboratories' investor website, www.cbrxir.com, under "Events."
About Columbia Laboratories
Columbia Laboratories, Inc. is a specialty pharmaceutical company focused on developing and marketing products for the women's healthcare and endocrinology markets using its novel bioadhesive drug delivery technology. Columbia markets CRINONE 8% (progesterone gel) and PROCHIEVE 8% (progesterone gel) in the United States for progesterone supplementation as part of an Assisted Reproductive Technology treatment for infertile women with progesterone deficiency. The Company also markets STRIANT (testosterone buccal system) for the treatment of hypogonadism in men. The Company's research and development programs include a vaginal lidocaine product to prevent and treat dysmenorrhea and PROCHIEVE 8% to reduce the risk of preterm birth in women with a short cervix in mid-pregnancy. For more information, please visit www.columbialabs.com.
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BJ's Wholesale Club, Inc. (NYSE: BJ)(February 25, 2008) announced Monday they plan to announce financial results for the fourth quarter and fiscal year ended February 2, 2008 on March 5, 2008 at approximately 7:00 a.m. Eastern Time.
Also on March 5, 2008, BJ's management plans to hold a conference call at 8:30 a.m. Eastern Time to discuss the fourth quarter and fiscal year-end results and the outlook for 2008. The dial-in number for the conference call is 913-312-1474. There will be no dial-in replay.
To access a webcast of the conference call, visit www.bjsinvestor.com/medialist.cfm. An archive of the webcast will remain available for approximately 90 days.
About BJ's Wholesale Club, Inc. (NYSE: BJ)
BJ's introduced the wholesale club concept to New England in 1984, and has since expanded to become a leading warehouse chain in the eastern United States. The Company currently operates 177 BJ's Wholesale Clubs in 16 states. BJ's press releases and filings with the SEC are available on the Internet at www.bjsinvestor.com.
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Washington Real Estate Investment Trust (WRIT) (NYSE: WRE)(February 25, 2008) announced Monday they have acquired 6100 Columbia Park Road, a 150,000 square foot industrial warehouse in Landover, Maryland. The property is located inside the Capital Beltway adjacent to Route 50, between Interstate 95/495 and the Baltimore-Washington Parkway/MD 295.
The Landover industrial submarket has a strong tenant base due to the service and distribution demands of Washington, DC. The property is currently 78% leased by two tenants and WRIT expects to achieve a first-year, unlevered yield of 6.8% on a cash basis and 7.4% on a GAAP basis. With lease stabilization, the second-year cash return is expected to be 8.2%. The acquisition was funded with cash from operations and borrowings on WRIT's line of credit.
About Washington Real Estate Investment Trust (NYSE: WRE)
WRIT is a self-administered, self-managed, equity real estate investment trust investing in income-producing properties in the greater Washington/Baltimore metropolitan region. WRIT's dividends have increased every year for 37 consecutive years. WRIT's FFO per share has increased every year for 35 consecutive years. WRIT owns a diversified portfolio of 90 properties consisting of 14 retail centers, 25 office properties, 17 medical office properties, 24 industrial/flex properties, 10 multi-family properties and land for development. WRIT shares are publicly traded on the New York Stock Exchange (NYSE:WRE).
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Cousins Properties Incorporated (NYSE: CUZ)(February 25, 2008) and Faison Enterprises announced yesterday seven new leases at The Avenue Murfreesboro, an 810,000-square-foot open-air retail center outside Nashville, Tenn. The announced retailers include American Eagle Outfitters, Old Navy, Haverty's, Hollister, Massage Envy, Newk's Cafe Express and Jared Jewelers. The Avenue Murfreesboro's 660,000-square-foot first phase is now 80 percent committed. Old Navy and Haverty's are the first retailers to commit to two under-construction expansions, totaling 19,000 square feet and 30,400 square feet respectively. The center will eventually become home to more than 110 retailers and restaurants.
Cousins and Faison also announced today that Linens N Things, Cost Plus World Market, Hollister and American Eagle Outfitters will open at The Avenue Murfreesboro in the second quarter of 2008. A full list of retailer commitments at the center can be found at www.theavenuealist.com.
"Adding great retailers like these to our already impressive merchant roster speaks volumes about this center and community," said Darryl Bonner, senior vice president of leasing for Cousins' Retail Division. "We look forward to more exciting commitments and openings as the year progresses." "Both retailer and consumer interest in The Avenue Murfreesboro continues to impress our team. We've said from the beginning that this project fits well with the growth in Middle Tennessee and I think the current results bear that out," said Mike Cohn, senior managing director with Faison.
The Avenue Murfreesboro is the centerpiece of 400 acres of new commercial development envisioned by landowner C.M. "Bill" Gatton along Medical Center Parkway. Projects in the area are slated to include retail, office, hotel, convention center and public spaces. Medical Center Parkway connects the new Manson Pike interchange on I-24 with the City of Murfreesboro's Gateway project, plans for which include the new 300-bed Middle Tennessee Medical Center along with medical and professional offices.
The Avenue concept, introduced by Cousins Properties in 1998, has been extremely well received by consumers and retailers alike. In contrast to a mall, these open-air, pedestrian friendly centers appeal to the discriminating and often time-constrained shopper looking for premier national retailers, select local merchants and specialty restaurants in a convenient setting. Cousins Properties has opened four Avenues in the Atlanta area, two in Tennessee, one in suburban Los Angeles and one in Viera, Fla. For more information about The Avenue, please visit www.theavenuealist.com.
About Faison Enterprises, Inc.
Faison Enterprises, Inc. is a privately-held development company with a diversified product portfolio that includes retail, commercial and residential project development, management and acquisitions services. With more than 40 years in the business and holdings of approximately $1 billion, including $600 million of new projects under development, the Charlotte NC based company manages and develops properties throughout the Mid-Atlantic and South and maintains regional offices in Bethesda MD, Washington DC, Charlotte NC, Atlanta GA, and Orlando FL. For more information, visit www.faison.com.
About Cousins Properties Incorporated
Cousins Properties Incorporated, headquartered in Atlanta, has extensive experience in the real estate industry including the development, acquisition, financing, management and leasing of properties. The property types that Cousins actively invests in include office, multi-family, retail, industrial and land development projects. The Company's portfolio consists of interests in 7.7 million square feet of office space, 4.8 million square feet of retail space, 2.0 million square feet of industrial space, 737 for-sale units in three under-development multi-family projects, 24 residential communities under development, over 9,000 acres of strategically located land tracts, and significant land holdings for development of single-family residential communities. The Company also provides leasing and management services to third-party investors; its client-services portfolio comprises 12 million square feet of office and retail space. The Company is a fully integrated equity real estate investment trust (REIT) that has been public since 1962 and trades on the New York Stock Exchange under the symbol "CUZ." For more information on the Company, please visit its Web site at www.cousinsproperties.com.
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