Biomoda direct public offering receives securities qualification in Illinois.ALBUQUERQUE, N.M.--(BW HealthWire)--Feb. 18, 1997-- Internet-based offering from first virtual biotech corporation now approved for Illinois investors, financial community In a move to enhance its on-line presence nationwide with the investment community, Dr. Jeffrey Garwin, chief technical officer and chief executive officer of Biomoda Inc., the first biotechnology corporation ever to go public on the Internet, Tuesday announced that the company has officially received clearance to sell securities via the Internet in the state of Illinois, effective immediately. ``The addition of Illinois to Biomoda's list of qualified jurisdictions represents another significant advance for the company in targeting potential investors in those states with the highest concentrations of Internet usage,'' said Garwin. ``The ongoing process of on-line securities marketing via the company's Web site and the additional qualification of the offering in other high-usage jurisdictions will allow Biomoda to continue its concentrated efforts in bringing this revolutionary lung-cancer technology to the marketplace.'' The direct public offering (DPO DPO Direct Public Offering (finance/investment) DPO Direct Public Offering DPO District Police Officer (Pakistan) DPO Days Payables Outstanding DPO Document Process Outsourcing DPO Days Past Ovulation ), regulated by the Securities and Exchange Commission and also qualified in the jurisdictions of California, Colorado, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , Georgia and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , is facilitated by Biomoda's Web site at http://www.biomoda.com and consists of the sale of 600,000 shares of common stock to raise up to $3 million in operating capital. The capital generated by the offering has been earmarked to fund the finance, research, development and marketing of TCPP TCPP Turbo C++ (Programming Language) TCPP Traitements Composites Poudres et Process (Composite Powder Treatments and Processes) TCPP Texas Commercial Package Policy , a photoreactive synthetic porphyrin compound potentially useful in the early detection and treatment of lung cancer lung cancer, cancer that originates in the tissues of the lungs. Lung cancer is the leading cause of cancer death in the United States in both men and women. Like other cancers, lung cancer occurs after repeated insults to the genetic material of the cell. . Shares may be purchased on-line at a price of $5 per share until May 1, 1997. Based in Albuquerque, Biomoda is a development-stage company that plans to develop, manufacture and market porphyrin compounds for potential use in diagnosing and treating human diseases. The company is the exclusive worldwide licensee of its core lung-cancer in vitro in vitro /in vi·tro/ (in ve´tro) [L.] within a glass; observable in a test tube; in an artificial environment. in vi·tro adj. In an artificial environment outside a living organism. diagnostic and in vivo in vivo /in vi·vo/ (ve´vo) [L.] within the living body. in vi·vo adj. Within a living organism. in vivo adv. diagnostic and therapeutic technology. -0- NOTE: This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. CONTACT: Biomoda Inc. Irv Weiman, 888/856-7919 iweiman@aol.com http://www.biomoda.com or Smith Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Inc. Diana Soltesz or Keith R. Pillow, 310/788-0456 smithpr@aol.com |
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