Business of Hollywood is Booming; Advances in Carbohydrate Based Drugs
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This edition of Emerging Company Report was produced from the Phoenix Financial Fest and
featured companies this week include:
ValCom, Inc. (OTC-BB: VACM) CEO Vince Vellardita spoke of his company’s Los Angeles-area
production studios, which provide facilities for programs like CBS Television’s hit series, “Jag” and
the Fox-TV’s “Mighty Morphin Power Rangers”. “The entertainment business has always been
recession proof”, said Vellardita. “Our company has over $20 million in assets and our business is
very good right now. People will always go to the movies and watch TV.”
David Stadnyk, Founder of Praxis Pharmaceuticals, Inc. (OTC-BB: PRXX) spoke of his company’s
research and development work in carbohydrate based drugs at Australia’s John Curtin School of
Medical Research. “We are focusing on the development and commercialization of low molecular
weight carbohydrate drugs for the treatment of inflammatory diseases and tissue injury”, said
Stadnyk. “Working with sugars and carbohydrates had been impossible before but new technology
has opened the doors to new discoveries.”
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