News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Commonwealth Biotechnologies, Inc. (CBTE) Provides Market Update


7/28/2010 9:05:59 AM

RICHMOND, Va.--(BUSINESS WIRE)--Commonwealth Biotechnologies, Inc. (“CBI”) (CBTE.OB) is providing this update to inform the market regarding its near term plans to move the company into a more viable long term position in the market. Concisely stated, the strategy is to divest its remaining assets and thereby create a debt free company with both cash and a reserve of authorized but not issued shares. This debt free shell will then seek a merger opportunity with a company with a strong growth prospectus.

Read at BioSpace.com


comments powered by Disqus
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES