VaxGen, Inc. to Hold Conference Call and Web Cast to Provide Update on Strategic Alternatives and Related Issues

SOUTH SAN FRANCISCO, Calif., May 25 /PRNewswire-FirstCall/ -- VaxGen, Inc. announced today that it will hold a conference call next week to provide investors with an update on its program to pursue strategic alternatives and related issues.

When: 1 p.m. P.T. / 4 p.m. E.T., Wednesday, May 30 Who: James P. Panek, President and CEO, VaxGen Lance Ignon, Vice President, Corporate Affairs, VaxGen

Where: VaxGen representatives will be speaking from the offices of Punk Ziegel & Co., a leading investment bank serving the needs of companies and investors in the biotechnology industry. They will be joined by the firm’s sales force and its clients.

How: To listen to the presentation via computer terminal, go to Webcasts in the Investor Relations section of VaxGen’s web site at http://www.vaxgen.com and click on “Strategic Alternatives Update”.

To listen to the presentation via telephone: Live: Domestic: (800) 374-0113 International (706) 758-9607 No passcode required Replay: Domestic: (800) 642-1687 International (706) 645-9291 Passcode: 2334777 (Logo: http://www.newscom.com/cgi-bin/prnh/19991112/VAXGENLOGO )

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/19991112/VAXGENLOGOAP Archive: http://photoarchive.ap.orgPRN Photo Desk: photodesk@prnewswire.comVaxGen, Inc.

CONTACT: Lance Ignon, Vice President, Corporate Affairs of VaxGen, Inc.,+1-650-624-1016

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