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Naspers Makes Strategic Investment In Craigslist Competitor OLX

In a big announcement, OLX has finally publicly announced that they just received a strategic investment from South African media conglomerate Naspers in the range of $20 to $40 million. The full story by Leena Rao is over on TechCrunch, Naspers Makes Strategic Investment In Craigslist Competitor OLX

We’ve been hearing recently that South African media conglomerate and recent DST investor Nasperst Naspers Makes Strategic Investment In OLX was sniffing around Crasiglist competitor OLX.t Naspers Makes Strategic Investment In OLX Today, we confirmed with OLX co-founders Alec Oxenfordt Naspers Makes Strategic Investment In OLX and Fabrice Grindat Naspers Makes Strategic Investment In OLX that Naspers has made a strategic investment in the online classifieds company.

While Buenos Aires-based OLX is not disclosing the amount invested,
we’ve heard from sources that the investment was in the range of $20 to
$40 million. Naspers also bought out the shares of all of OLX’s
previous investors, which include Nexus Venture Partnerst Naspers Makes Strategic Investment In OLX, The Founders Fund,t Naspers Makes Strategic Investment In OLX DN Capitalt Naspers Makes Strategic Investment In OLX, General Catalyst Partnerst Naspers Makes Strategic Investment In OLX, and Bessemer Venture Partners.t Naspers Makes Strategic Investment In OLX Prior to this round of funding, OLX had raised nearly $30 million.t Naspers Makes Strategic Investment In OLX

While the free classifieds site has trouble competing with Craigslist
in the U.S., OLX has a strong user base internationally, and is the
current leader in Latin America
and Asia. The company, which is seeing over 125 million unique
visitors per month worldwide, has a presence in 90 countries in 40
languages.

In 2007 OLX has made an investment in Edeng.cn, a Chinese free classifieds site and acquired Mundoanuncio.com,t Naspers Makes Strategic Investment In OLX
a Craigslist-like classifieds site targeting the Hispanic market, in
2006. OLX also has a hold on the Philippines market thanks to a white label partnershipt Naspers Makes Strategic Investment In OLX with Friendster. And OLX scored a similar deal with social network hi5.

So why does Naspers want a stake in OLX? The conglomerate has been
making a number of investments in the emerging Latin American market,
including BrandsClub,
Grupo Abril, Movile and Buscapé. According to a joint statement made by
OLX and Naspers, the South African firm’s long-term, general strategy
“is to acquire/establish a core internet community within a specific
country/region and to then expand the operations by adding additional
services such as e-commerce, communication, social networking, content
and gaming.”

Via Marketing Conversation via TechCrunch.

Naspers Makes Strategic Investment In Craigslist Competitor OLX

In a big announcement, OLX has finally publicly announced that they just received a strategic investment from South African media conglomerate Naspers in the range of $20 to $40 million. The full story by Leena Rao is over on TechCrunch, Naspers Makes Strategic Investment In Craigslist Competitor OLX

We’ve been hearing recently that South African media conglomerate and recent DST investor Nasperst Naspers Makes Strategic Investment In OLX was sniffing around Crasiglist competitor OLX.t Naspers Makes Strategic Investment In OLX Today, we confirmed with OLX co-founders Alec Oxenfordt Naspers Makes Strategic Investment In OLX and Fabrice Grindat Naspers Makes Strategic Investment In OLX that Naspers has made a strategic investment in the online classifieds company.

While Buenos Aires-based OLX is not disclosing the amount invested,
we’ve heard from sources that the investment was in the range of $20 to
$40 million. Naspers also bought out the shares of all of OLX’s
previous investors, which include Nexus Venture Partnerst Naspers Makes Strategic Investment In OLX, The Founders Fund,t Naspers Makes Strategic Investment In OLX DN Capitalt Naspers Makes Strategic Investment In OLX, General Catalyst Partnerst Naspers Makes Strategic Investment In OLX, and Bessemer Venture Partners.t Naspers Makes Strategic Investment In OLX Prior to this round of funding, OLX had raised nearly $30 million.t Naspers Makes Strategic Investment In OLX

While the free classifieds site has trouble competing with Craigslist
in the U.S., OLX has a strong user base internationally, and is the
current leader in Latin America
and Asia. The company, which is seeing over 125 million unique
visitors per month worldwide, has a presence in 90 countries in 40
languages.

In 2007 OLX has made an investment in Edeng.cn, a Chinese free classifieds site and acquired Mundoanuncio.com,t Naspers Makes Strategic Investment In OLX
a Craigslist-like classifieds site targeting the Hispanic market, in
2006. OLX also has a hold on the Philippines market thanks to a white label partnershipt Naspers Makes Strategic Investment In OLX with Friendster. And OLX scored a similar deal with social network hi5.

So why does Naspers want a stake in OLX? The conglomerate has been
making a number of investments in the emerging Latin American market,
including BrandsClub,
Grupo Abril, Movile and Buscapé. According to a joint statement made by
OLX and Naspers, the South African firm’s long-term, general strategy
“is to acquire/establish a core internet community within a specific
country/region and to then expand the operations by adding additional
services such as e-commerce, communication, social networking, content
and gaming.”

Via Marketing Conversation via TechCrunch.

EBS CEO and Chairman, 10% Owner Fuad El-hibri sells 84,433 Shares

(via http://www.gurufocus.com/news.php?id=100498)

CEO and Chairman, 10% Owner of Emergent BioSolutions Inc. (EBS) Fuad El-hibri sells
84,433 shares of EBS on 07/16/2010 at an average price of $17.9 a share.

Emergent Biosolutions Inc. has a market cap of $535.77 million;
its shares were traded at around $17.26 with a P/E ratio of 21.85 and
P/S ratio of 2.28.

EBS is in the portfolios of Chuck Royce of Royce& Associates,
Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital
Advisors, Jim Simons of Renaissance Technologies LLC, Manning &
Napier Advisors, Inc.

Emergent BioSolutions announced today that it is revising upwards its 2010 annual guidance

Emergent BioSolutions Inc. (NYSE:EBS) announced today that it is revising upwards its 2010 annual guidance to now reflect anticipated total revenues of $275 to $300 million and net income of $40 to $50 million. Of the anticipated total revenues of $275 to $300 million, $165 to $190 million is expected to be recognized in the second half of 2010. This revised forecast does not reflect or incorporate any revenue impact from a possible development contract for the company’s rPA vaccine candidate.

The revision to the 2010 financial forecast is supported primarily by the recent modification to the company’s current BioThrax® procurement contract with the US Centers for Disease Control and Prevention (CDC). This contract modification increased the number of doses of BioThrax that the company can deliver into the Strategic National Stockpile (SNS) during calendar 2010.

This increased volume of available doses of BioThrax is due to consistently high production yields throughout 2010. This modification by the CDC to our existing BioThrax procurement contract reinforces, yet again, the US government’s commitment to BioThrax as a critical component of the Strategic National Stockpile and to our nation’s defense against bioterrorism,” said Fuad El-Hibri, chairman and chief executive officer of Emergent.

“This is another example of how we continue to work with our US government partners in establishing BioThrax as the backbone of our readiness against the threat of anthrax and to building a stockpile as rapidly as possible.”

Daniel J. Abdun-Nabi, president and chief operating officer of Emergent, also commented, “The production yields we have been experiencing are a direct result of our commitment to driving innovation in our manufacturing process and to a multi-year initiative focused on process optimization of the existing Building 12 production facility.

We are extremely pleased with the results of our continuous process improvement program for BioThrax and expect this program to drive the maintenance of positive production metrics going forward.”

Marvin White joins Fuad El-Hibri at Emergent BioSolutions, Inc.

“Mr. White’s expertise in financial management, gained in a patient-focused health care system and service-oriented environment, will prove an invaluable asset in guiding Emergent’s management team towards further growth and in increasing value for shareholders,” Fuad El-Hibri, Emergent BioSolutions, Inc.’s chairman and CEO, said. “We are delighted to welcome him to Emergent’s Board of Directors, composed of seasoned experts with diverse skill sets.”

Register at TeamUSA.org for exclusive Winter Games info

sign up 300x183 Register at TeamUSA.org for exclusive Winter Games infoStart rockin’ your red white and blue because this Friday marks the beginning of the 2010 Winter Olympic and Paralympic Games in Vancouver, BC. The city will welcome all of the worthy competitors and their diehard fans who are lucky enough to see these world-class athletes live. For those of us who cannot make it to Vancouver and witness the excitement first-hand, TeamUSA.org is giving fans a chance to take part in all the action.

Register at TeamUSA.org and you will:

  • Receive exclusive updates during the Winter Games
  • Get the inside scoop, event by event
  • Hear directly from our Olympic athletes as they chase their dream
  • Be able to download photo and video highlights, right to your desktop

Team USA has been training hard. We must recognize their admirable accomplishments and cheer our hearts out to help the great USA take home some sweet gold. Register now to be ready for Olympic fever!

Washington-Area Fuad El-Hibri Top Influential Muslim

CEO of Bethesda, Maryland, based Emergent Biosolutions, Fuad El-Hibri, was recently named one of the top 500 most influential Muslims and is featured as one of four Muslims who are living in the United States in 500 Most Influential Muslims: Science and Technology over on Examiner.com National.

500 Most Influential Muslims: Science and Technology

The Prince Alwaleed Bin Talaal Center for Muslim-Christian Understanding and The Royal Islamic Strategic Studies Centre published its first edition in what promises to be an annual series of insight into the movers and shakers of the Muslim world. Entitled The 500 Most Influential Muslims 2009, the book categorizes Muslims’ influential capacities into 15 categories: scholarly , political, administrative, lineage, preachers, women, youth, philanthropy, development, science and technology, arts and culture, Qu’ran reciters, media, radicals, international Islamic networks and issues of the day. As part of an ongoing series each week those receiving mention in North America will be highlighted. This week those who seem to have influence in Science and Technology will be highlighted. In this category, there are four people honored living in the United States.

Mohamad Chakaki is a founding member of Green Muslims, a Washington, D.C. group that seeks to relate sustainable environmental policy to faith. He works on projects in the US and the Middle East.

Fuad El Hibri is the CEO of Emergent BioSolutions, Inc. BioSolutions is a multinational bio-pharmaceutical company that is the sole-holder of the FDA-approved anthrax vaccine. He is also Chairman of the East West Resources Corporation and Chairman and Treasurer of the El Hibri Charitable Foundation.

Dr. Mehmet Oz is a cardiothoracic surgeon recently named one of the sexiest men alive for 2009. A frequent visitor of the Oprah Winfrey show and now host of his own show, he is a professor at Columbia University and leads numerous charities and organizations. He has authored several books on personal health.

Ahmed Zewail is the recipient of the 1999 Nobel Prize in Chemistry for his research on femotochemistry. He is the Linus Pauling Professor at the California Institute for Technology and was recently asked to serve at President Obama’s invitation as an adviser to the Presidential Council of Advisors on Science and Technology.

World Habitat Day on October 5 in Washington, DC


The United Nations has designated the first Monday each October as
World Habitat Day.

This year on Oct. 5 in Washington, D.C. and around the world, please join Habitat for Humanity in support of this global observance as we come together and declare that the lack of decent, affordable housing is unacceptable.

According to the United Nations, more than 100 million people in the world today are homeless. Millions more face a severe housing problem living without adequate sanitation, with irregular or no electricity supply and without adequate security.

Worldwide, more than 2 million housing units per year are needed for the next 50 years to solve the present worldwide housing crisis. With our global population expanding, however, at the end of those 50 years, there would still be a need for another 1 billion houses. (UN-HABITAT: 2005)

Raising awareness and advocating for change are the first steps toward transforming systems that perpetuate the global plague of poverty housing. World Habitat Day serves as an important reminder that everyone must unite to ensure that everyone has a safe, decent place to call home.

The U.N. further states that both developed and developing countries, cities and towns are increasingly feeling the effects of climate change, resource depletion, food insecurity, population growth and economic instability.

Rapid rates of urbanization cause serious negative consequences - overcrowding, poverty, slums with many poorly equipped to meet the service demands of ever growing urban populations.

With over half of the world’s population currently living in urban areas the U.N. believes there is no doubt that the "urban agenda" will increasingly become a priority for governments, local authorities and their non-governmental partners everywhere.

U.S. Housing Facts

  • About 95 million people, one third of the nation, have housing problems including a high-cost burden, overcrowding, poor quality shelter and homelessness. (National Low Income Housing Coalition: 2004)
  • One in three American households spend more than 30 percent of income on housing, and one in seven spends more than 50 percent. (Joint Center for Housing Studies: 2006)
  • The number of low-income families that lack safe and affordable housing is related to the number of children that suffer from asthma, viral infections, anemia, stunted growth and other health problems. About 21,000 children have stunted growth attributable to the lack of stable housing; 10,000 children between the ages of 4 and 9 are hospitalized for asthma attacks each year because of cockroach infestation at home; and more than 180 children die each year in house fires attributable to faulty electrical heating and electrical equipment. (Sandel, et al: 1999)

Global poverty facts

  • By the year 2030, an additional 3 billion people, about 40 percent of the world’s population, will need access to housing. This translates into a demand for 96,150 new affordable units every day and 4,000 every hour. (UN-HABITAT: 2005)

  • One out of every three city dwellers – nearly a billion people – lives in a slum. (Slum indicators include: lack of water, lack of sanitation, overcrowding, non-durable structures and insecure tenure.) (UN-HABITAT: 2006)
  • UN-Habitat has reported that because of poor living conditions, women living in slums are more likely to contract HIV/AIDS than their rural counterparts, and children in slums are more likely to die from water-borne and respiratory illness. (UN-HABITAT: 2006)

  • Housing formation generates non-housing related expenditures that help drive the economy. (Kissick, et al: 2006)
  • Investing in housing expands the local tax base. (Kissick, et al: 2006)

The theme for World Habitat Day 2009 is "Planning our Urban Future"

Celebrations of World Habitat Day in Washington, D.C. will be an excellent opportunity to foster global discussion and raise the profile of shelter and urban issues at the national and international level. Events in the United States and around the world include policy forums, award presentations, luncheons, dinners, house-building and exhibitions.
ADVOCATE for decent housing for all by submitting a photo of yourself holding a sign that says “It all starts at home” and submit it to Habitat’s photo petition on Flickr.com Habitat’s goal is to collect a minimum of 500 photos to deliver to the White House. Submit your photo by Friday, September 25, 2009.
Today, 1 billion people live in slums, and that number is growing rapidly. The U.S. can be a leader in the fight to help reduce global poverty and improve the lives of people living in slums. Urge your legislators to support the Shelter, Land and Urban Assistance Act of 2009. Tell Congress to pass the SLUM Assistance Act!

EDUCATE your community with Habitat for Humanity’s World Habitat Day handbook to learn more about the importance of secure tenure and neighborhood revitalization. Get even more information about the issue of insecure tenure by reading Habitat’s Shelter Report: building a secure future through effective land policies.

Brainstorm ways to get more people involved. Learn from the successes of last year’s campaign, and come up with brand-new ways to celebrate and publicize the important work of Habitat for Humanity.

Take a virtual tour of the Capotillo informal settlement in the Dominican Republic and put yourself in the shoes of those who live in a broken community of violence, poverty and danger.

Link to Habitat for Humanity’s World Habitat Day 2009 resources page on your social media pages, personal web site or blog to spread the word and raise awareness.

DONATE to be a part of making the world a better place and support Habitat’s efforts. Donate online today!

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