Definitive Agreement Involves Prot For A New Facility In The United Arab Emirates: From Pennytobuck.

Proteonomix, Inc.; PROT

Proteonomix, Inc.; PROT

On August 10, 2010, Proteonomix, Inc. (OTCBB:PROT) entered into an agreement with a group of investors that will create a new stem cell treatment and research facility in the United Arab Emirates (U.A.E.). The Investor Group has committed to invest $5 million on or before September 10, 2010. The Joint Venture company, XGen Medical LLC ("XGen"), a Nevis Island limited liability company, will be owned 51% by Proteonomix and 49% by the Investor Group.

The Investor Group assumes a variety of operational duties under the agreement, including some regulatory responsibility in the U.A.E., physician recruitment and cooperative management of the local entity. The Investor Group's $5 million cash investment includes the purchase of $1 million of cellular material from Proteonomix.

Additionally, as part of the agreement PROT will license to XGen, both a use and treatment license in the U.A.E., as well as a license to manufacture the cellular material. The agreement also anticipates the formation of treatment facilities in other locations to be jointly agreed upon between PROT and the Investor Group. Each new facility would require the Investor Group to contribute a minimum investment of $5 million.

The agreement calls for PROT, through its wholly owned subsidiary, StromaCel, Inc. to receive $ 7,500 per treated patient.

There is also provision made for the distribution of Proteoderm, PROT's new Anti-aging line of skin care products. including Proteoderm's Matrix NC-138 (goto http://www.proteoderm.com/White%20Paper.pdf) anti-aging products.

XGen will purchase Proteoderm at a wholesale price of 50% of the Manufacturer's Suggested Retail Price (MSRP).

XGen will maintain exclusive distribution rights of Proteoderm in the U.A.E. provided the Joint Venture purchases a minimum order of 5,000 units the first year, and increases purchases at a rate of 20% per annum until reaching 10,000 units per year.

About PROTEONOMIX, INC.

Proteonomix is a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives. Proteoderm, Inc. a wholly owned subsidiary of Proteonomix that has recently opened its retail web site, Proteoderm.com, and begun accepting pre-orders for its anti-aging skin care products.

StromaCel, Inc.s goal is the development therapeutic wowmodalities for the treatment of Cardiovascular Disease (CVD). StromaCel, Inc. is pursuing the licensing of other technologies for therapeutic use. National Stem Cell, Inc. is Proteonomixs operating subsidiary. The Sperm Bank of New York, Inc. is a fully operational tissue bank.

Proteonomix Regenerative Translational Medicine Institute, Inc. (PRTMI) intends to focus on the translation of promising research in stem cell biology and cellular therapy to clinical applications of regenerative medicine. Proteonomix intends to create and dedicate a subsidiary to each of its technologies. Please also visit http://www.proteonomix.com/, http://www.proteoderm.com/, http://www.otcmarkets.com/ and http://www.sec.gov/.

Source of this news: click here

There is no telling where they will go. As Always Do Your OWN Research.

For FREE Daily Stock Alerts & Updates Signup At: http://pennytobuck.com/signup

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyToBuck.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers.Our disclaimer ( http://pennytobuck.com/disclaimer) is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold PennyToBuck.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. Rule 17B requires disclosure of payment for investor relations.The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period. Crown Equity Holdings Inc. (CRWE.OB) has received twenty thousand dollars in cash and twenty thousand dollars in free trading share from a third party (Swiss Financial Report) for (30) days of advertisement services for Proteonomix, Inc. (PROT.OB)

by: Bill Pennyman

POST COMMENT

The Guide To City Breaks In New York Group Energy Saving Too Mine Cost More Than 2000 Million Years Solar Pool Heaters: What You Need To Know About Them Contemplating A New Home Roof Choosing A New Home Roof Shingle Roof Replacement With A New Roof Lighting Bulbs May Be The Answer Top 3 Places Homes Lose Energy (plus One More) 10 Fantastic Spots to Explore around New Zealand Decorate Your Home With New Rustic Lighting Ideas Great Application Of Solar Power For Home Use Movers In New York - Finding The Reliable Ones Movers In New York And The Etiquettes About Them