Posted on 10/14/2001 6:27:18 AM PDT by SlickWillard
PR NEWSWIRE FINANCIAL NEWS
Hybridon Elects New Chairman of the Board; H. F. Powell to Serve as Chairman
December 21, 1999, Tuesday
MILFORD, Mass., Dec. 21
Hybridon, Inc. (OTC Bulletin Board: HYBN) announced today that H. F. "Jake" Powell, a former Nabisco executive and member of Hybridon's Board of Directors, has been elected chairman. E. Andrews Grinstead III, Hybridon's chairman since 1991, will remain on the Board and continues to serve as Chief Executive Officer and President.
Mr. Powell was the Chief Financial Officer and Executive Vice President of Nabisco, Inc. from 1994 to 1996 and held various executive positions with Nabisco affiliates for the prior twelve years, including President of the International Division. He joined Nabisco from Standard Brands, Inc. where he held various executive positions, including Senior Vice President and Chief Financial Officer. Mr. Powell has served on Hybridon's Board of Directors since March, 1999.
Mr. Powell stated, "I am pleased to be able to bring my experience to this position and look forward to continuing to work closely with Andy and his management team."
Mr. Grinstead commented, "I look forward to working with Jake and the other members of the Board as he takes a more active role in developing the considerable potential of our proprietary antisense technology."
Also elected in March to Hybridon's Board of Directors was Camille Chebeir. Mr. Chebeir is President of SEDCO Services, Inc., a company which manages investments for the bin Mahfouz family of Saudi Arabia, a position he has held since 1994. Previously, he was Executive Vice President/General Manager of the National Commercial Bank, New York Branch. Mr. Chebeir has also served as the President of the Arab Bankers Association of America. He is a member of the Board of Directors of various entities in which SEDCO invests.
Located in Milford, MA, Hybridon, Inc. is engaged in the discovery and development of novel genetic medicines based primarily on antisense technology for the treatment of diseases for which there are currently limited or no effective treatments. Antisense technology involves the use of synthetic segments of DNA to stop the production of disease associated proteins by interacting at the genetic level with target strands of messenger RNA. Hybridon's lead compound, GEM(R)231, is currently in Phase II clinical trials for the treatment of solid tumors. In addition, the company has a custom manufacturing division, Hybridon Specialty Products. Hybridon also has two spinouts, MethylGene, Inc. and OriGenix Technologies Inc., in which it holds minority ownership positions. For more detailed information about Hybridon, please visit our website at http://www.hybridon.com.
The statements made in this press release contain certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, that involve a number of risks and uncertainties, including the risk that the company will be forced to cease operations. Such statements are only predictions and actual events or results may differ materially. In addition to the matters described in this press release, risk factors as stated from time to time in Hybridon's SEC reports, including but not limited to, its Annual Report on Form 10-K, may affect the results achieved by Hybridon.
This and other Hybridon press releases can be found at http://www.hybridon.com and http://www.noonanrusso.com.
DUBAI MAJID AL FUTTAIM, JAPAN ORIX IN LEASING JV
Khaleej Times
June 12, 2001
Global News Wire DUBAIS Majid Al Futtaim Investments has signed a joint venture agreement with Orix Corporation of Japan to form a leasing company in the UAE. The new company will engage in equipment leasing and related financial services.
The joint venture partnership was announced through a Press release issued both in Tokyo and Dubai yesterday. The release, however, did not disclose either the size of the investment or the equity of the respective partners. This is the first major deal Majid Al Futtaim Group of Companies has carried out after the recent sale of its stake in Al Futtaim Trading Group of Companies.
Last week, Majid Mohammed Al Futtaim sold his 50 per cent stake in Al Futtaim Trading Group of Companies, one of the leading business houses in the UAE, to his cousin Abdulla Hamad Al Futtaim who has become the whole owner of the group which comprises almost 40 companies.
According to the release, the joint venture agreement was signed in Tokyo by Yoshihiko Miyauchi, chairman and chief executive officer of Orix Corporation, Majid Al Futtaim, chairman of Majid Al Futtaim Investments, and S.U. Durrani, vice-chairman, Orix Leasing Pakistan. Orix Corporation is Japans largest leasing company and one of the biggest diversified financial services companies in the world with special expertise in aircraft and ship leasing and financing. The company, which has operations in 21 countries and has assets in excess of $ 50 billion, is listed on Tokyo and New York stock exchanges, the release said.
After the recent restructuring, Majid Al Futtaim owns City Centre, Carrefour hypermarkets, City Centre Hotel and Residence (Sofitel), Cinestar and MAF Securicor under the banner of Majid Al Futtaim Group of Companies.
But, as a key partner in Al Futtaim Trading Group, he has a long history of association with Japanese companies, including Toyota, Honda and Panasonic.
Orix Pakistan, a subsidiary of Orix Corporation, is one of the biggest leasing companies in Pakistan and acts as the regional head office for Orix Corporation for the MIddle East and North Africa which includes joint venture leasing companies in the Sultanate of Oman, Egypt and Saudi Arabia.
Leasing, which is well established in Japan and the Western economies, has had a late start in the MIddle East, but is rapidly receiving recognition in the region as a conduit for assisting small and medium size enterprises.
Orix Groupss worldwide leasing experience and Majid Al Futtaim Investments knowledge of the UAE business environment indicate that the UAE market has good potential for developing a successful leasing operation, the release said.
I'm going now to search "MAJ Securicor"!I have spent a lot of time doing that , and I never came up with that name,(MAF).
If Securicor is owned by an Arab, I think I will jump off a bridge!
Please dont go to sleep early tonight!
I'll get back as soon as possible!
So far, all I can find is that there is a MAF Securicor.
There is also a Jardines Securicor.
It looks to me like maybe you can own a piece of Securicor,like a gas station, or a McDonalds.
Does this mean that the Arab Futtaim had anything to do with Arab terrorists killing thousands of WTC people?
I'm getting a severe headache!
I still cant find the stockholders of Securicor.
Hopefully, someone smarter than me can figure this one out!
Dubai -- Leading businessman Majid Al Futtaim is understood to have sold his stake in the Al Futtaim Trading Group to his cousin, Abdullah Al Futtaim. Details of the deal are expected to be released soon.
Majid Al Futtaim was president of Al Futtaim Trading Group. He retains control over Majid Al Futtaim Group which includes City Centre, Carrefour hypermarkets, Greater Union, Securicor and City Centre Hotel and Residence. Abdullah runs the Abdullah Al Futtaim Group which is setting up the Dh6 billion Dubai Festival City.
Abdullah's sons run Al Futtaim Sons Group which includes Marks & Spencer, Toys 'R' Us and other brands.
From pearls, textiles, timber and foodstuffs, the growth of Al Futtaim Trading Group has been phenomenal in the past seven decades. Its status as one of the largest privately-owned business houses in the lower Gulf is undisputed.
Although turnover has not been made public, the fact that it runs about 40 businesses testifies to its diversity, profitability and size. It has a staff of over 8,000 from more than 20 countries. Its retail presence comprises more than 70 showrooms nationwide.
Diversification is indicated by the group's interests in automobiles, consumer electronics, insurance, civil engineering, computers, furnishings, hardware, advertising, construction, real estate and property development, light and heavy engineering, ship repair and steel fabrication.
To manage these companies the Al Futtaim Trading Group has established a decentralised corporate structure with six autonomous core divisions. They are automotive, electronic, retailing and services, insurance, overseas and joint venture and real estate.
The group comprises over 39 divisions and operating companies, besides joint ventures in several countries. The Al Futtaim Trading Group began in the 1930s as a trading establishment for mainly pearls, foodstuffs, timber and textiles. The conglomerate still retains the legacy in its name - Al Futtaim Trading Group.
And the group statement symbolises relationship with the past - "Our roots are embedded in tradition while our vision encompasses the skies".
"The core of the Al Futtaim Trading Group of companies is fortified by the diversity of the activities within its trading arms. Strategically planned operating subsidiaries and associate companies enable and ensure the versatility necessary for the company, not only to keep ahead of its local competition, but moreover, to remain on a par with increasing international competitors.
A combination of astute awareness and careful deliberation, together with imaginative ingenuity, encapsulates the trading group's business philosophy," the group claims.
"Majid Al Futtaim was president of Al Futtaim Trading Group. He retains control over Majid Al Futtaim Group which includes City Centre, Carrefour hypermarkets, Greater Union,Securicor "
Securicor could face legal claims over hijack airports
UK firm bought into US market
Special report: Terrorism in the US
Audrey Gillan and Stuart Millar
Thursday September 13, 2001
The Guardian
Securicor could face a multi-million dollar compensation claim after it emerged yesterday that the British company owns the firm responsible for security on two of the hijacked flights.
Securicor bought Argenbright Security, which has 40% of the US aviation security market, last December for an initial cash payment of $185m.
The Guardian has established that Argenbright is contracted by United and American Airlines, whose planes were used in the attack, to provide security at Washington Dulles and Newark international airports.
Notice---no mention in this about Arab Ownership.
Does MAF just have a franchise to use the "Securicor" name in a non-airport security deal, or is MAF actualy some kind of owner of "Securicor" Airline-Airport security?
There is a difference there!
Does the present setup allow MAF Securicor to have things ,like passes, ID's badges to acess planes , particularly in the US?
Also, I still cant find the major stockholders of "Securicor" the main corp, in the UK.
Its directors are all White Brits,Lords and such.
If some one could find that there are indeed Arabs as major stockholders in Securicor,UK, we would have FBI,Homeland Seucrity evidence, bigtime!
The Saudis are not our friends, never were. They just want our petrodollars.
Most of the threads of the present crisis come back to Saudi Arabia: bin Laden himself, most of the terrorists, the Al Qida network, and the financing.
We're wasting out time bombing Afghanistan. It probably won't produce bin Laden. Our first step should have been to take back the Saudi oil fields (they belonged to Aramco before nationalization). It would take the wind out of the terrorists' sails, and tell the Muslim world that they bit off more than they can chew.
Try this at Edgar and see if what you're looking for is in it ---- Edgar- Securicor
EXHIBIT A DIRECTORS OF THE SURVIVING CORPORATION
Robert B. Kelly Robert J. Shiver John Wareham Steven L. Wasserman Roger Wiggs Michael Wilkinson
I hope he starts making the rounds of all the shows!
I had pretty much searched all the SEC docs, looking for Arab names.
Thanks for trying!
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