Proteonomix, Inc. (OTC.BB:PROT), a biotechnology company focused on developing therapeutics based upon human cells and their derivatives, announced further developments with its Joint Venture Company, XGEN Medical LLC ("XGen") towards implementing operations in the United Arab Emirates (U.A.E.).

Proteonomix is the majority shareholder in XGen with the balance held by an anonymous investor group. Proteonomix personnel were on the ground in the U.A.E. over the past weeks to work together with the Investor Group through the start up phase. To date, XGen has established an office in the Monarch Office Tower on the prestigious Sheikh Zayed Road, and a residence for visiting Proteonomix personnel on Jumeira 2.

During initial meetings, it was mutually decided to open a local subsidiary corporation in the Dubai free zone. This wholly owned subsidiary will be the vehicle to conduct business in the GCC countries. XGen has filed the corporate papers and has established banking relations with a local bank both for receipt of the initial investment of $5 million and towards further financing expanded services in the region. The Ramadan holiday has slowed progress slightly on these corporate formalities, but full operation of the subsidiary and bank accounts are expected to complete within 30 days.

Proteonomix CEO, Michael Cohen commented that "The business environment in the U.A.E. is very receptive to Proteonomix and our medical technologies. There is an intense focus on high quality public medical care as well as cutting edge technology. When combined with the rebounding financial condition within the region, we are very pleased to have this opportunity to conduct business in a growing location for medical advancement."

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Edgewater Technology, Inc.(Nasdaq:EDGW) subsidiary, Fullscope, Inc., reports that Volcano Corporation, a medical device manufacturing company based in California, has selected Microsoft Dynamics AX to support company growth objectives, provide an overall lower total cost of ownership, and deliver a robust, user friendly enterprise resource planning (ERP) software for its employees.

"Fullscope demonstrated that Microsoft Dynamics AX has the functionality and flexibility needed to improve performance across our rapidly growing global manufacturing operations while maintaining compliance with this industry's strict regulatory requirements," said Matt Vanderlip, director of global information technology for Volcano. "In addition, this investment will establish and maintain consistent global business processes while meeting the needs of local languages and laws of our international sites."

Implementation of the ERP software for the medical device manufacturing company began in July 2010 at Volcano's main manufacturing plant near Sacramento, Calif. and, when complete, will include its other locations in San Diego, Calif.; Billerica, Mass.; Tokyo, Japan; and Brussels, Belgium.

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eDiets.com (NASDAQ: DIET), in partnership with NBC Universal Television Consumer Products Group and Reveille LLC, launched its newest meal delivery program, The Biggest Loser Meal Plan by eDiets. By following the nutritional and caloric model seen on "The Biggest Loser," these specially designed meals provide a healthy and convenient way to maintain and lose weight at home.

The Biggest Loser Meal Plan by eDiets provides two flexible meal plan options -- the 5-day meal plan and 7-day meal plan -- that are prepared and shipped in chill-fresh coolers directly to members' homes or offices. The wide selection of breakfast, lunch, dinner and snack options has been approved by the doctors and nutritional experts from "The Biggest Loser." The delicious entrées span a wide variety of cuisine and will offer distinct flavors for every palette. Choices range from Chicken Breast Parmesan Penne with Peas and Carrots to Spicy Kung Pao Chicken Breast with Black Rice, Roasted Cashews and a side of Snow Peas.

"Our new partnership with eDiets.com will offer viewers an easy way to improve their diet, while extending 'The Biggest Loser's' mission of helping people lose weight and live a healthier life," said Chad Bennett, Vice President, Brand Development and Production at Reveille, the production company behind the show. "Undertaking any lifestyle change can be challenging as evidenced by the contestants on the show, but the new 'Biggest Loser' expert-approved meal plan takes the guess work out of the nutritional side, which is half the battle."

"The Biggest Loser" contestants are using the plan to help them lose those last pounds on their way to their ideal weight at home. "It would have really helped me to have a program like this while I was going through the competition," said Cherita Andrews of season 9, who left the ranch very early in the season and then lost 91 lbs. while at home. "With The Biggest Loser Meal Plan, the food is there when I open the fridge, and it's delicious, so I don't have to cheat!"

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Education Management Corporation (Nasdaq: EDMC), one of the largest providers of post-secondary education in North America, has adopted a Rule 10b5-1 plan (the "Plan") in connection with the $50 million share repurchase program that was announced by the Company on June 11, 2010.

The Plan allows for the repurchase of shares during the time when the Company's insider trading policy does not allow for the direct purchase of shares by the Company. A broker selected by the Company will have the authority under the terms and limitations specified in the Plan to repurchase shares on the Company's behalf in accordance with the terms of the Plan. Repurchases are subject to SEC regulations as well as certain price, market, volume, and timing constraints specified in the Plan.

Education Management, with over 136,000 students as of October 2009, is among the largest providers of post-secondary education in North America, based on student enrollment and revenue, with a total of 101 locations in 31 U.S. states and Canada. We offer academic programs to our students through campus-based and online instruction, or through a combination of both. We are committed to offering quality academic programs and continuously strive to improve the learning experience for our students. Our educational institutions offer students the opportunity to earn undergraduate and graduate degrees and certain specialized non-degree diplomas in a broad range of disciplines, including design, media arts, health sciences, psychology and behavioral sciences, culinary, fashion, business, education, legal and information technology.

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