TNI BioTech Inc., provides 2nd Notice of Annual Meeting September 4, 2014
ORLANDO, Fla., Aug. 18, 2014 /PRNewswire/ -- TNI BioTech, Inc. (OTC-BB: TNIB) ("we" or the "Company") a biotechnology company pioneering the manufacturing and marketing of innovative therapies for autoimmune diseases in emerging nations, announced today that the Company is providing a second notice of TNI BioTech's annual meeting of September 4, 2014.
In making the announcement, Noreen Griffin, founder and CEO of TNI BioTech Inc. said, "Thank you in advance for your participation in the Annual Meeting. On behalf of our employees and Board of Directors, I would like to express our appreciation for your continued interest in TNIB. In addition the Company has received numerous calls from shareholders concerning voting for the annual meeting to be held September 4, 2014.
"If you have received your packet, and will not be able to attend the meeting in person, please mail in your proxy and ballot as soon as possible. We have received a very limited amount of proxy and ballots via mail to date.
"We have elected to provide access to our proxy materials over the Internet under the Securities and Exchange Commission's 'notice and access' rules. On or about July 22, 2014, we mailed certain of our stockholders a Notice of Internet Availability of Proxy Materials, or Internet Notice, containing instructions on how to access our 2014 proxy statement and annual report and instructions on how to vote online, by telephone or request a paper copy of our proxy materials. Our proxy statement and annual report are available on our website at www.tnibiotech.com/investor-relations/proxy-statements.
"Only stockholders of record at the close of business on July 15, 2014, are entitled to notice of and to vote at the Annual Meeting and at any adjournment or postponement thereof.
TNI BioTech, Inc., Announces an Extension to the Record Date of its wholly owned subsidiary, Cytocom Inc., and Dividend now Set for September 30, 2014
ORLANDO, Fla., Aug. 14, 2014 /PRNewswire/ -- TNI BioTech, Inc. (OTC-BB: TNIB) ("we" or the "Company") a biotechnology company pioneering the manufacturing and marketing of innovative therapies for autoimmune diseases in emerging nations, announced today that the Company is extending the record date of the dividend of Cytocom Inc., shares to all shareholders of the Company to September 30th, 2014.
The Company will pay out a dividend of one share of Cytocom Inc. for one share of the Company. Our shareholders as of the record date will continue to own shares in the Company in the same form and in the same quantity as of the record date.
To receive the Cytocom Inc. share dividend, all shareholders must surrender all existing share certificates to the Company's transfer agent. There is no electronic transfer so shareholders must obtain certificates of the Company and turn them into our transfer agent. If a shareholder turns its share certificate(s) into our transfer agent, our transfer agent will then send to such shareholder a Cytocom Inc. Certificate showing the ownership of Cytocom Inc. shares and will return the Company certificate(s) showing the ownership of Company shares owned on the record date.
Reasons for the extension are as follows:
TNI BioTech and Hubei Qianjiang Pharmaceutical Co., Ltd Supplemental Collaborative Agreement
New Drug Development Efforts for Novel Cancer Treatments
ORLANDO, Fla. and HUBEI, China, Aug. 13, 2014 /PRNewswire/ -- TNI BioTech, Inc. (OTC: TNIB) ("TNI" or the "Company") a biotechnology company pioneering the manufacturing and marketing of innovative therapies for autoimmune diseases in emerging nations, announced today the signing of a supplemental agreement with Hubei Qianjiang Pharmaceutical Co., Ltd (SHSE:600568) ( Qianjiang) China on behalf of Cytocom, TNI BioTech's wholly owed subsidiary. The signing of the supplemental agreement accelerates clinical trial development in both America and China, for IRT-101 ("MENK"). In the hope of moving clinical development forward the parties agreed to the following:
The partnership will leverage the expertise and distinct assets and capabilities of each company in its respective field, namely Cytocom's expertise in drug development, and Hubei's financial, manufacturing and distribution capabilities.
Integrating these capabilities, the companies will utilize the collaboration's joint assets to develop and commercialize products. The parties have agreed on revenue sharing from all MENK products developed through the collaboration.
Noreen Griffin and CEO of TNIB states, "This expansion of our agreement with Hubei today allows Cytocom to immediately move forward with our development plan for MENK. We expect our joint efforts will result in significant product and revenue opportunities for both Cytocom and Hubei."
Chairman and President of Hubei Mr. Ye Jige, commented, "This collaboration with TNIB and Cytocom continues Hubei Qianjiang Pharmaceutical's strategy to develop new products and to speed up the product commercialization process for our partners. This is the first step of the collaboration."