DURHAM, N.C., Feb. 3, 2011 (GLOBE NEWSWIRE) -- Patrick S. Smith, President and Chief Executive Officer of Curaxis Pharmaceutical Corp (OTCBB:CURX), confirmed today that Curaxis Management will be in Europe for the first part of February. Curaxis has been approved to trade on the Frankfurt stock exchange ("FSE") under the symbol 8CX to expand its global capital markets access. Along with its U.S. investment bankers, Curaxis has engaged a European Advisor, Continental Advisors, to complement its European capital markets initiatives as well as explore further business development or European strategic partnerships.
Mr. Smith stated, "More than 3,000 U.S. companies have chosen a FSE listing. The FSE's trading volume grew by a staggering 39% when comparing December 2009 to December 2010. The liquidity of stocks listed on the FSE is the highest in all of Europe, including the London and Paris Stock Exchanges. In fact, market liquidity and trading volume on the FSE is third in the entire world, behind only the NASDAQ and NYSE." Furthermore, naked short selling was completely banned in Germany in June of 2010.
The FSE has more than 250 international trading institutions and more than 4,500 traders worldwide. Investors directly connected to the FSE represent a full 35% of the world's investment capital.
Curaxis is an emerging specialty pharmaceutical company with a hormone drug product candidate for the treatment of Alzheimer's disease and multiple cancers. Curaxis' therapeutic platform is based on the hypothesis that many diseases of aging may be caused by age-related changes in the function of the hypothalamic-pituitary-gonadal (HPG) axis. The HPG axis is a hormonal endocrine feedback loop that controls development, reproduction and aging in animals. This drug development platform is built on the premise that hormones associated with this feedback loop are beneficial early in life, when they promote growth and development, but are harmful later in life when the mechanism for feedback is compromised, thereby leading to disease processes, including pathologies associated with Alzheimer's disease and various cancers.
Notice Regarding Forward Looking Statements
This press release includes certain "Forward-Looking Statements" within the meaning of section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding potential results and future plans and objectives of Curaxis Pharmaceutical Corporation are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in our documents filed from time to time with the Securities and Exchange Commission. Other risk factors may include, but are not limited to, fluctuation in quarterly results, and increased competition in our operations, our ability to continue operations as scheduled, and our ability to protect the proprietary technology we use. Further, the company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the company's control, such as announcements by competitors and service providers.
The contents of this press release are presented as a general overview of the company. It is intended only to contain general information regarding the company and its business and does not purport to provide complete disclosure or analysis of all matters, which may be relevant to a decision to make an investment, including all risk factors or similar considerations. Although the information is believed current as of the date herein, the information may be subject to change, amendment or supplementation, and the company does not expect, and assumes no obligation, to update or otherwise revise the information herein.
CONTACT: Curaxis Pharmaceutical Corp Company Contact: David Corcoran Email: email@example.com European Advisor: Andreea Porcelli Phone: 0035-2-2088-0289 Email: firstname.lastname@example.org