CYPC Strengths Its Position in the Biotechnology Field.Business Editors/High-Tech Writers TEMPE, Ariz.--(BUSINESS WIRE)--April 21, 2004 Century Pacific Financial Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYPC), a Delaware corporation A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. , announced the Company has signed a Strategic Alliance Agreement with Cryptic Afflictions, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , effective April 16, 2004. Cryptic Afflictions, LLC is a biotechnology research firm that is working on new virus technology. Century Pacific has agreed to provide resources to Cryptic Afflictions so that it can obtain FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. approval for the new products it is developing. Century expects to share in the revenue produced from the licensing rights, royalties, and research that is being done by Cryptic Afflictions. Century has also procured the rights for product distribution into select parts of the world. "I am very enthused about the prospects of this agreement because it fits in with our plans for expanding Century's involvement in the bio-technology field," stated David L. Hadley, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Century Pacific Financial Corporation. Mr. Hadley, a Bio-Medical Engineer himself, became the president of Century following a reverse merger in 1999 with Global Medical Technologies, Inc. The Company is solely focused on biotech and healthcare technology. The past involvement in financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and securities brokerage activities was concluded. Century's management intends to change its industrial classification code with the SEC, from financial services to biotechnology, and rename the company to Century Pacific Holdings, Inc. Century Pacific Financial Corporation is a public company that is traded on the OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB market under the symbol CYPC. Additional information can be found at the Company's website, www.centurypacificfinancial.com. This news release contains forward-looking statements within the meaning of Section 37 A of the Securities Act of 1933 and Section 21 E of the Securities Exchange Act of 1934 of the United States. These forward-looking statements invoke risks and uncertainties. The Company undertakes no obligation to publicly update or revise the forward-looking statements whether as a result of new information, future events or otherwise. |
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