Navigation Links
Mach One Corporation Enters Letter of Intent
Date:1/5/2009

BELGIUM, Wis., Jan. 5 /PRNewswire-FirstCall/ -- Mach One Corporation (Pink Sheets: MNCN), a biological solutions company that develops products that produce a positive long term benefit to the agricultural and consumer market, announced today that it has entered into a non-binding letter of intent dated December 30, 2008 related to a proposed transaction with Modular Process Constructors LLC (dba MPS BioPharm) (the "Seller" or "BioPharm") to acquire all of the outstanding member interests of the Seller.

The proposed transaction is subject to satisfactory completion of due diligence by the Purchaser, the execution of a definitive agreement and the approval of both the board of directors and the members of Seller.

The non-binding terms of the letter of intent provide that all members of Seller would receive shares of the Purchaser in exchange for 100% of their interest of BioPharm. The terms include issuance of preferred stock with conversion rights at .25 per share in Mach One Corporation common stock.

There can be no assurance that any definitive agreement will be entered into, that any proposed transaction will be approved by the members of BioPharm or that any transaction will be completed as a result of the execution of the letter of intent.

Monte Tobin, CEO of Mach One Corporation commented, "This proposed acquisition of Modular Process Constructors, a systems company supplying pharmaceutical companies with processing skids, would fill out an important part of our future growth plans- dealing with world class customers and increasing our presence in the pharmaceutical space. Our business plan calls for us to eventually provide our Bridge(TM) product line into the human market and an acquisition now of BioPharm poises us for that future event on a global scale. This marks our third transaction in the 4th quarter with each transaction occurring at a substantially higher price
'/>"/>

SOURCE Mach One Corporation
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2

Related biology technology :

1. Memry Corporation Announces Preliminary Fiscal Fourth Quarter and 2007 Revenue
2. PeriCor Therapeutics Announces Closing of Licensing Agreement for Acadesine with Schering-Plough Corporation
3. AGA Medical Corporation Receives FDA and CE Mark Approvals for the AMPLATZER Vascular Plug II
4. Drug Royalty Corporation (DRC) Announces Acquisition Regarding PEG-INTRON(R) From Enzon Pharmaceuticals, Inc. (ENZN)
5. BioElectronics Corporation Announces Singapore and Malaysia Sales
6. Avicena Signs Worldwide Exclusive Distribution Agreement with RITA Corporation for its Proprietary Dermaceutical Compounds
7. DURECT Corporation to Present at the NewsMakers in the Biotech Industry Investment Conference
8. Insulet Corporation to Present at the Thomas Weisel Partners Healthcare Conference on September 6, 2007
9. Luminex Corporation to Present at Thomas Weisel Partners Healthcare Conference
10. Verenium Corporation to Present at the Upcoming Cowen and Company Clean Energy Conference
11. Enova Medical Launches Exos Corporation

Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/2/2009)...a, Dec. 2 /PRNewswire-Asia/ -- Simcere Pharmaceuti...R ), a leading pharmaceutical company,specializing...of branded,generic and proprietary pharmaceuticals...ave been included in China,s National Drug Reimbur...Ministry of Human Resources and Social,Security on...
(Date:12/2/2009)...ientist, a leading scientific magazine covering th... “Intelligent” EMCCD camera fourth amo...ns of 2009. , (PRWEB) Dec...from Photometrics ®, a designer and manufact... the life sciences, was ranked fourth among The Sc...
(Date:12/1/2009)..., Dec. 1 PDL BioPharma, ...e guidance for the fourth quarter ended December 3...with $69 million for the fourth quarter of 2008. I...st of two installment payments of $12.5 million fr...results was a one-time $1.8 million payment from G...
(Date:12/1/2009)... 1 Reportlinker.com announces that...catalogue: ,, Emerging Clinical Trial Location...ng healthcare and regulatory environment ,, h...cal-Trial-Locations---Eastern-Europe-Market-dynami...ronment.html ,, Over the last decade pharmaceu...
Breaking Biology Technology:Simcere Announces 105 Drugs Included in China's National Drug Reimbursement List 2Simcere Announces 105 Drugs Included in China's National Drug Reimbursement List 3The Scientist Names Photometrics' Evolve EMCCD Camera One of the “Top 10 Innovations” of 2009 2The Scientist Names Photometrics' Evolve EMCCD Camera One of the “Top 10 Innovations” of 2009 3PDL BioPharma Provides Fourth Quarter 2009 Revenue Guidance of Approximately $57 Million 2PDL BioPharma Provides Fourth Quarter 2009 Revenue Guidance of Approximately $57 Million 3Reportlinker Adds Emerging Clinical Trial Locations - Eastern Europe: Market Dynamics and the Changing Healthcare and Regulatory Environment 2Reportlinker Adds Emerging Clinical Trial Locations - Eastern Europe: Market Dynamics and the Changing Healthcare and Regulatory Environment 3Reportlinker Adds Emerging Clinical Trial Locations - Eastern Europe: Market Dynamics and the Changing Healthcare and Regulatory Environment 4Reportlinker Adds Emerging Clinical Trial Locations - Eastern Europe: Market Dynamics and the Changing Healthcare and Regulatory Environment 5Reportlinker Adds Emerging Clinical Trial Locations - Eastern Europe: Market Dynamics and the Changing Healthcare and Regulatory Environment 6Reportlinker Adds Emerging Clinical Trial Locations - Eastern Europe: Market Dynamics and the Changing Healthcare and Regulatory Environment 7Reportlinker Adds Emerging Clinical Trial Locations - Eastern Europe: Market Dynamics and the Changing Healthcare and Regulatory Environment 8
...g radio frequency identification (RFID) software f...en is the world,s largest manufacturer of cordless...Best Buy prompted Uniden to engage the supply chai...e telephone maker is using CatalystCommand iRFID t...y chain environment. , ,Uniden America Corp. is t...
...ll begins its 2005 season, researchers at the Uni... to demonstrate their school spirit. The only fans... high-powered microscopes. , ,Last month a team of...rs created "NanoBucky", an image of the universit...nometers long. With each nanofiber a thousandth th...
...tunity to define public discourse over nanotechnol...le information about the emerging technology, a Un... says. , ,"The message to scientists is: The publi...ur work to the public, and make it available where...ed one of the first national surveys on public kno...
Other Biology Technology:Nanotechnology minimizes UW's beloved mascot 2UW study examines public attitudes on nanotechnology 2
(Date:12/2/2009)... student at the University of Southampton,s School... Oceanography Centre, Southampton (NOCS) has forma...rom the deep sea. , Hall discovered the new spec... Museum of Natural History in Washington. Explaini...rabs include some of the largest crustaceans curre...
(Date:12/1/2009)...VALE, Calif., Dec. 1 GestureTek In... 3.0 - a turnkey, portable, plug and play interact...ibits, entertainment and touring promotions. Gestu...nts in camera-enabled gesture recognition technolo...tainment systems. ,, Guaranteed for quality, th...
(Date:12/1/2009)...inner of the 2009 Inserm Grand Prix., Every year... paying tribute to outstanding,work performed in ...ents, Inserm intends to,demonstrate the diversity...ogical, medical and,health research, and the crea...out and,drive this research each day. The Inserm ...
Breaking Biology News(10 mins):King crab family bigger than ever 2GestureTek Unveils The CUBE V3 Portable, Plug and Play Interactive Projection Display System for Advertising and Exhibits 2Yehezkel Ben-Ari, winner of the 2009 INSERM Grand Prix 2Yehezkel Ben-Ari, winner of the 2009 INSERM Grand Prix 3Abbott Expands XIENCE V 28R 29 USA Trial to Enroll Patients into Landmark Dual Anti Platelet Therapy 28DAPT 29 Trial 13549 1Abbott Expands XIENCE V 28R 29 USA Trial to Enroll Patients into Landmark Dual Anti Platelet Therapy 28DAPT 29 Trial 13549 2Abbott Expands XIENCE V 28R 29 USA Trial to Enroll Patients into Landmark Dual Anti Platelet Therapy 28DAPT 29 Trial 13549 3Abbott Expands XIENCE V 28R 29 USA Trial to Enroll Patients into Landmark Dual Anti Platelet Therapy 28DAPT 29 Trial 13549 4PharmAthene Reports Second Quarter 2009 Financial and Operational Results 13548 1PharmAthene Reports Second Quarter 2009 Financial and Operational Results 13548 2PharmAthene Reports Second Quarter 2009 Financial and Operational Results 13548 3PharmAthene Reports Second Quarter 2009 Financial and Operational Results 13548 4PharmAthene Reports Second Quarter 2009 Financial and Operational Results 13548 5PharmAthene Reports Second Quarter 2009 Financial and Operational Results 13548 6PharmAthene Reports Second Quarter 2009 Financial and Operational Results 13548 7PharmAthene Reports Second Quarter 2009 Financial and Operational Results 13548 8Boozing Blunts Ability to Read Faces 54415 1Boozing Blunts Ability to Read Faces 54415 2
...g on new methods to regenerate cartilage and bone ...to instruct them to turn into bone cells. The rese...ciences Research Council (BBSRC), could lead to a ...g populations of Western countries it holds the po...ng joint replacement or similar treatments. , The ...
... Biosciences AG today announced a collaboration to...o generate SNAP-tag fusion proteins based on Gene ...dge,s Red/ET cloning system does not require restr... DNA sequences, such as BACs, (bacterial artificia...NAP-tag is an intelligent self-labeling protein ta...
...ls are faced with everyday obstacles in their phys...sion-making and motor skills to deal with them. Na...x events in mammals and other vertebrates, but in ...bstacle-based system for studying the control and ...ruit fly Drosophila. , The findings are reported ...
Other Biology News:New research could help us deliver genes for new bone formation 2Gene Bridges And Covalys To Develop Restriction-Enzyme-Free SNAP-tag Gene Fusion Kits 2Gap-climbing fruit flies reveal components of goal-driven behaviors 2
Cytomics FC 500 Series Flow Cytometry Systems from Beckman Coulter
... can provide custom microplate coating using advan...g equipment that dispenses and washes a variety of...any lot size of the following formats (with a volu...ips, 96 well microplate, 384 well microp...
Mynox Mycoplasma Elimination Reagent from Minerva Biolabs GmbH
Coating Solution Concentrate Kit from KPL
Biology Products: