Cyto Pulse Sciences, Inc., a biotechnology company that developed devices for use in cancer treatments, protection against infectious diseases, and gene therapy, will be liquidating assets from its Glen Burnie, Maryland facility through a public webcast auction on August 24, 2010. These assets will be sold free and clear of liens, encumbrances, and other interests with the consent of secured creditor Ichor Medical Systems.
The auction will feature research and laboratory assets including sterilizers, mixers, centrifuges, and commercial freezers as well as office equipment and ultra-modern furnishings. Intellectual property is also available with bulk offerings of licenses, patents and trademarks associated with the business units Hybrimune, CytoLVT-S, CytoLVT-P, OncoVet, Easy Vax, and Derma Vax. Parties interested in purchasing intellectual properties, in bulk or individually, will be required to complete a non-disclosure agreement available for download at
http://tinyurl.com/CytoPulse. Upon submission of this agreement to Kirk Dove via email at
kdove@hgpauction.com, interested parties will be provided access to secure files with complete descriptions and information regarding the intellectual property available at auction.
Auction companies Hilco Industrial and Heritage Global Partners will jointly host the auction, and live webcast bidding will be offered through the Hilco Industrial website at
http://www.hilcoind.com.
For more information on the Cyto Pulse Sciences, Inc. auction and to register for the event or view the lot catalog, visit
http://tinyurl.com/CytoPulse About Hilco Industrial An international leader in webcast, on-site, and online machinery and equipment disposition services, Hilco Industrial [www.hilcoind.com] designs, implements and manages state-of-the-art sales and marketing programs to achieve maximum returns. Core competencies include understanding the true marketable value of industrial assets and the know how to sell them at the maximum recoverable value, in the shortest possible timeframe, with minimal expense. Hilco auctioneers, appraisers, liquidators and consultants have an average of 30 years experience. They have conducted well over 4,500 sales events in helping companies unlock the hidden value in their underutilized assets around the world. Hilco Industrial is a unit of The Hilco Organization [www.hilcotrading.com], a world leader in the valuation, acquisition, disposition and specialized debt and equity financing of business assets and includes Hilco Industrial Online, Hilco Industrial Europe and Hilco Acetec Mexico.
About Heritage Global Partners Heritage Global Partners is a leading, full service, global auction and asset advisory firm. Bringing over a half century of worldwide experience and expertise in virtually every industrial sector and geography, managing partners Kirk and Ross Dove have conducted over 4,000 industrial auctions, spanning 30 countries. As industry pioneers, they have developed asset recovery programs that have been embraced by many of the world's biggest companies as listed by Forbes Magazine: The Global 2000.
Projects of all sizes are conducted with a dedication to insure our clients always achieve the highest possible value for all assets entrusted to us. Possessing the largest global network of real experts ever assembled in our industry, Heritage Global Partners utilizes specialists ranging in size from boutique industry sector experts to large multinational remarketers, refurbishers, and corporate procurement professionals. This extensive network of knowledgeable professionals, coupled with our world class team ensures that assets will never be placed in run-of-the-mill events, instead receiving total attention, focus, and active involvement from senior management. Contact: Kirk Dove
Phone: (650) 207-0627
E-mail:
kdove@hgpauction.com
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