Centrex Retains First American Financial Group.Business Editors/Health/Medical Writers TULSA, Okla.--(BUSINESS WIRE)--March 3, 2004 Centrex, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CNEX) today announced that FIRST AMERICAN First American may refer to:
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 , has been retained to act as a financial consultant for the Company. Centrex has signed a term sheet with FIRST AMERICAN for up to $3.5 million in funding which includes an initial bridge loan of $500,000. The financing is contingent upon entering into definitive documentation. FIRST AMERICAN is a boutique Financial Services firm specializing in procuring capital for emerging growth small-cap and micro-cap companies. "We are pleased to be associated with Centrex, a company that is in the process of developing a technology to provide for the immediate detection of agents that could be used in bioterrorism or biowarfare against the U.S.," stated Bill Rogers, Managing Director of FIRST AMERICAN. Centrex owns the exclusive worldwide license to develop, manufacture and market the Single Molecule Nucleic Acid nucleic acid, any of a group of organic substances found in the chromosomes of living cells and viruses that play a central role in the storage and replication of hereditary information and in the expression of this information through protein synthesis. Detection (SMD (1) (Storage Module Device) A high-performance hard disk interface used with minis and mainframes that transfers data in the 1-4 MBytes/sec range (SMD-E provides highest rate). See hard disk. ) technology developed at Los Alamos National Laboratories. SMD offers important advantages over existing DNA DNA: see nucleic acid. DNA or deoxyribonucleic acid One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. and RNA RNA: see nucleic acid. RNA in full ribonucleic acid One of the two main types of nucleic acid (the other being DNA), which functions in cellular protein synthesis in all living cells and replaces DNA as the carrier of genetic detection methods as well as culture-based test methods for the detection and identification of bacteria and viruses. SMD technology, in combination with an easy-to-operate lab card device and integrated reader, is expected to be responsive to the need for rapid, user friendly and cost effective solutions for point-of-use analyses of a variety of bacterial and viral organisms. This unique technology eliminates the need for amplification of the target DNA by recognizing the unique DNA or RNA fingerprint of the target organism. This reduces the possibility of false positive and negative test results -- common concerns frequently identified with other test procedures. Centrex is currently developing a fully automated, network-capable system for detecting microbial microbial pertaining to or emanating from a microbe. microbial digestion the breakdown of organic material, especially feedstuffs, by microbial organisms. contamination in air, food and water. The proposed device is a simultaneous multi-channel detection system that is compact, fully automated and capable of monitoring the presence of biological agents in air, food and water. This press release contains certain forward-looking statements. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Forward-looking statements in this document should be evaluated together with the many uncertainties that affect our business. Those uncertainties are discussed in the Company's SEC filings. |
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