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VIROPRO
Inc., (OTCBB: VPRO) |
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Dear Reader:
Today, Viropro Inc. (OTCBB: VPRO)
has announced that Trivor Financial Group I LP has committed
to a $1 million financing to assist the company in its objective
of expanding further in the burgeoning life science markets it has
targeted. The full details are included below for your review.
The figure of a million dollars, as astute investors well know,
isn’t just a capital investment, it’s also a vote of confidence
as it expresses faith in Viropro’s business plan by this benefactor.
As a company emerges, careful observers often watch to see how much
new money a company can bring in as an indicator of “street” sentiment.
The first million, say some market pundits, is the most difficult
to acquire and often the most critical to a company’s efforts. Clearly,
this amount, though not garishly large by any stretch, must be seen
as a positive event for a company in the early stages of a targeted
plan to roll-up life science properties and to further penetrate
vast health services and biotech markets in Canada, Brazil and beyond.
As reported by StockUpTicks on Monday, Viropro is a stock we encourage
you to watch… write the symbol down on a post-it, throw it in a
“watchers” online portfolio, etc. At the very least, this
stock could be an interesting case study and practicum in biotech/health
services investing.
Expect us to continue to monitor material events such as today’s
financing news and to keep an eye on Viropro as it continues to
execute its dynamic business plan.
Click
Here to read our full profile
on Viropro from March 19, 2004
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**BREAKING
NEWS** from Viropro |
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Press Release
Source: Viropro,
Inc. Trivor Financial
Wednesday March
24, 11:14 am ET
Viropro Announces
Financing Commitment From
Trivor Financial
Group I LP
MONTREAL--(BUSINESS
WIRE)--March 24, 2004--Viropro, Inc.
announced today that Trivor Financial Group I LP has committed to
invest at least $1M US incrementally over the next several weeks
to facilitate growth of Viropro's target acquisitions in the international
Life Sciences sector. Trivor is also committed to working with Viropro
as a lead funder for these and other acquisitions being contemplated.
The Trivor Financial
Group I LP is a Montreal-based private equity investment partnership
establishing an investment portfolio of emerging companies with
capital requirements and high growth potential in Healthcare and
Biotechnology.
Viropro's two initial
acquisitions are expected to propel the company into revenue during
2004. One is a provider of products and services with an installed
base in the Healthcare market. The other is a Biotech company with
major agreements between partners in Canada, the US and Brazil involving
both the purchase of licensed products for sale into Brazil (and
possible technology transfer) and the licensing of products from
Brazil for sales into North America.
An agreement with
another key investor is close to being finalized for investment
into this Biotech initiative. Potential for this business, starting
with major agreements, is substantial, with revenues expected to
start during latter-part 2004.
About Viropro,
Inc.
Viropro, Inc. (VPRO:
OTCBB) is an emerging provider of management, product and technology
solutions for international Life Sciences markets. The Company is
seeking to establish a growth portfolio in Life Sciences through
revenue-producing acquisitions with the potential for continued
shareholder value. Through its growth, the Company also aims to
facilitate the discovery and development of chemical and biological
products and processes that will benefit medical science and increase
the quality of life.
Viropro, Inc.'s
Safe Harbor Statement
Except for any historic
information contained herein, the matters discussed in this press
release contain forward-looking statements that involve risks and
uncertainties, which are subject to section 27A of the Securities
Act of 1933 and section 21E of the Exchange Act of 1934, and are
subject to safe harbor created by these sections. Any
statements that express
or involve discussions with respect to predictions, beliefs, plans,
projections, objectives, goals, assumptions of future events or
performances are not statements of historical fact and may be "forward
looking statements". Forward looking statements in this release
may be identified through the use of such words as "expects", "anticipates",
"estimates", "believes", or statements indicating certain actions
"may", "could", or "might" occur. Actual results, performance or
achievements could differ materially from those anticipated in such
forward-looking statements, which involve numerous risks and uncertainties,
including the Company's ability to market its products and services
in a competitive environment as well as other factors.
Contact:
Trivor Financial
Communications
Jerome Cliche,
514-876-1801
jcliche@trivor-inc.com
Source: Viropro,
Inc. Trivor Financial
To read recent news releases from VPRO
Click Here
 
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About
Viropro Inc. |
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Viropro is an emerging provider
of management, product and technology solutions for the international
Life Sciences markets. One mission of the Company is to seek
revenue-producing acquisition targets with the goal of establishing
a new growth portfolio and a potential for continued shareholder
value. On December 18, 2003, this culminated in a Letter of Intent
to acquire CNC Holdings Inc. Headquartered in Montreal, Canada,
CNC Holdings Inc. develops and markets proven, innovative management
solutions for the healthcare sector.
The acquisition of CNC will immediately propel Viropro into two
fast-growing segments of the life sciences market – healthcare and
biotech. Other acquisitions and alliances are also contemplated
in coming months. This acquisition will be concluded upon the completion
of due diligence and the final confirmation of the S-4 Registration
Statement that was filed with the SEC in February 2004.
The other mission at Viropro is the discovery and development of
chemical and biological products and processes that will benefit
medical science and increase the quality of life.
 
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Viropro Financial Highlights |
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Transfer Agent: Jersey Tfr. & Trust
Recent Share Price: $ 0.40
52 week Hi/Lo: $0.07 - $2.55
Ave. Volume (3mo): 7,613
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Shares Out: 4,116,974
Mkt Cap: $2 Million (approx.)
Fiscal Year End: 11/30
Float: 616,000 shares
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Viropro vs. Sector
Viropro Price
For current stock price and news release information Click
Here
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To Contact Viropro |
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Jerome Cliche
514.876.1801
Viropro, Inc.
3163 Kennedy Boulevard
Jersey City, New Jersey 07306
***
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