Chesapeake Emerging Opportunities Club Invests In Cylex.Business Editors COLUMBIA, Md.--(BUSINESS WIRE)--Feb. 25, 2002 The Chesapeake Emerging Opportunities Club, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (the "Club") announced today that it has invested in Columbia, Md.-based Cylex Inc. The Club invested $170,000 alongside an investor group that included The Dinner Club, Calvert Social Investment Fund, Early Stage Enterprises, Women's Growth Capital, Maryland Department of Business and Economic Development, MDBio and others in this $2.5M follow-on round of investment. Cylex Inc. (www.cylex.net), has a proprietary diagnostic technology that measures the strength of the immune system immune system Cells, cell products, organs, and structures of the body involved in the detection and destruction of foreign invaders, such as bacteria, viruses, and cancer cells. Immunity is based on the system's ability to launch a defense against such invaders. , faster and with a greater precision than existing methods. The test is inexpensive, easy to administer and has the potential to become a standard of care for managing a wide range of conditions including HIV HIV (Human Immunodeficiency Virus), either of two closely related retroviruses that invade T-helper lymphocytes and are responsible for AIDS. There are two types of HIV: HIV-1 and HIV-2. HIV-1 is responsible for the vast majority of AIDS in the United States. , hepatitis, cancer, autoimmunity and transplantation. "Cylex has an outstanding management team and a compelling technology that should lead to improved treatment for a variety of diseases," said Richard Kohr, Jr, President of Evergreen Capital LLC, a manager of the Club. "Cylex already has an application for its initial use of the technology, diagnostics for organ transplant organ transplant: see transplantation, medical. patients, before the 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. ," continued Mr. Kohr. The Club is an angel (early-stage) private equity investment club focusing on promising emerging growth companies within a two-hour drive of Howard County, Maryland Howard County is a county located in the central part of the U.S. state of Maryland, between Baltimore and Washington, D.C.. It is considered part of the Baltimore-Washington Metropolitan Area. . At monthly dinner meetings, presentations by early-stage companies seeking funding are made to Club members. Club members include high net worth individuals, "cashed out" entrepreneurs, and business executives. Members come from varied backgrounds and experiences providing a strong knowledge base to the Club as it deliberates on potential investments and broad-based resources to entrepreneurs of portfolio companies. Investments ranging from $100,000 to $500,000 are considered in companies in a variety of industries that display the promise for significant financial returns. The Club is managed by Chesapeake Emerging Opportunities Management, LLC whose members include: American Technology Investments Corp, Steve Dubin, President; Evergreen Capital, LLC, Richard Kohr, Jr., President; Enigma Enigma Device used by the German military to encode strategic messages before and during World War II. The Enigma code was first broken by the Poles in the early 1930s, so that German messages were eventually intercepted and deciphered by Allied code-breakers during the war. Technologies, Ltd., Patrick Huddie, Ph.D., President; and New Vantage Group, John May, President. The Club is actively looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. investment opportunities. For further information, please contact the Chesapeake Emerging Opportunities Club at 443/367-0101 or visit the Club's website at www.ceopportunities.com. |
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