UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) May 17, 1999
COMMONWEALTH BIOTECHNOLOGIES, INC.
(Exact Name of Registrant as Specified in Charter)
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<S> <C> <C> <C>
Virginia 001-13467 54-1641133
(State or Other Jurisdiction of (Commission File Number) (IRS Employer Identification No.)
Incorporation)
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601 Biotech Drive, Richmond, Virginia 23235
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (804) 648-3820
N/A
(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
On May 14, 1999, Commonwealth Biotechnologies, Inc., a Virginia
corporation (the "Registrant"), announced the appointment of Raymond H. Cypress,
D.V.M., Ph.D., the President and Chief Executive Officer of the American Type
Culture Collection, to its Board of Directors.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED.
Not applicable.
(b) PRO FORMA FINANCIAL INFORMATION.
Not applicable.
(c) EXHIBITS.
99.1 Press Release, dated May 14, 1999, announcing the
appointment of Raymond H. Cypress to the Registrant's
Board of Directors.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
COMMONWEALTH BIOTECHNOLOGIES, INC.
By: /s/ James H. Brennan
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James H. Brennan
Controller
May 17, 1999
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EXHIBIT INDEX
Number Description of Exhibit
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99.1 Press Release, dated May 14, 1999, announcing the appointment
of Raymond H. Cypress to the Registrant's Board of Directors.
FOR IMMEDIATE RELEASE
Contact: Lee Ann DeForest
(804) 754-2714
[email protected]
LEADING BIOSCIENTIST JOIN BOARD OF DIRECTORS
FOR COMMONWEALTH BIOTECHNOLOGIES, INC.
RICHMOND, VA (May 14, 1999) - Commonwealth Biotechnologies, Inc. (NASDAQ Small
Cap Exchange: CBTE) announced the Raymond H. Cypress, D.V.M., Ph.D., President
and CEO of the American Type Culture Collection (ATCC), is the newest member of
the company's Board of Directors. Cypress appointment was acknowledged
yesterday during the dedication of Commonwealth Biotechnologies (CBI) new
corporate headquarters in Chesterfield County.
Located in Manassas, VA, ATCC is a global nonprofit bioscience organization that
provides biological products, technical services, and educational programs to
private industry, government and academic organizations around the world. ATCC
houses over 92,000 biological cultures, the largest collection in the world,
which are used in medical, health, and food safety research around the world.
ATCC maintains ties with the research park at George Mason University.
"Dr. Cypress is an internationally recognized scientist, industry leader, and
one of Virginia's brightest stars in biotechnology," said Robert B. Harris,
Ph.D., President and Co-Founder of CBI. "Ray is an enthusiastic scientist with
worldwide tie-ins to the industry. He is a huge supporter of biotech, and we are
excited that he has accepted his nomination to our Board. We look forward to his
input in helping grow CBI."
Cypress served as keynote speaker for the dedication of CBI's $4 million, 32,000
square foot corporate office and laboratory complex, located in the Gateway
Centre business park in Chesterfield County.
Headquartered in Richmond, VA, Commonwealth Biotechnologies, Inc. provides
research and development contract services to more than 800 private, government,
and academic customers in the global biotechnology industry. Founded in 1992,
CBI employs 40 people, including 9 doctoral scientists who direct research in
DNA sequencing, necleic acid synthesis, peptide and protein technologies,
molecular biology, genetic testing, and biophysical technologies.
CBI also develops proprietary technologies including HepArrest(TM), a potential
human therapeutic, and AccuTrac(TM), a reagent that facilitates the process of
automated DNA sequence analysis.
Any statements contained in this release that relate to future plans, events or
performances are forward-looking statements that involve risks and
uncertainties, including, but not limited to,
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the Company's failure to be in compliance at some future time with the
regulations prescribed by NFSTC (National Forensic Science Technology Center in
St. Petersburg, FL), or the Company's failure to develop a customer base which
requires the use of the underlying technology, and other risks identified in the
Company's filings with the Securities and Exchange Commission. Actual results,
events or performance may differ materially. Readers are cautioned not to place
undo reliance on these forward-looking statements, which speak only as the date
hereof. The Company undertakes no obligation to publicly release the results of
any revisions to these forward-looking statements that may be made to reflect
events or circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
