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Corporate Social Responsibility
News
6.01.2006 ET
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CytoDyn Sponsored Team Hope Raises The Most Money for Emory University
(CSRwire) SANTA FE,
N.M.--(BUSINESS WIRE)--June 1, 2006--CytoDyn, Inc. (OTCBB:CYDY) was
advised today that Team Hope, the charity bicycle riders sponsored by the
Company, earned $10,910 for the Emory Vaccine Center during this year's
Action Cycling 200, a challenging two-day, 200-mile bicycle ride that took
place the weekend of May 20-21, 2006 in Georgia.
This is as compared to $6,545 contributed by the next highest earning
team. A total of $55,463 was raised for the Vaccine Center at Emory
University. Team Hope was told by the Center's staff that the Action
Cycling 200 event is Emory's single largest fundraising event of the year
with 100% of the money going directly to research. Gustave Thomas served
as Captain of the Team Hope cyclists. He and John Beal, another member of
the team, are on the Board of Action Cycling in Atlanta, the non-profit
organization that promotes the annual fundraising and HIV/AIDS awareness
event. Tom Godfrey, another member of the team, told CytoDyn that the
performance of Team Hope was not the best in terms of athletic prowess but
did excel in raising research funds, which is what the event was all
about.
CytoDyn's targeted immune therapy for HIV/AIDS is unrelated to the work
being done at Emory, and the Company's anticipated vaccine projects are
centered at a different university. CytoDyn's sponsorship of Team Hope was
strictly a matter of good corporate citizenship, according to CytoDyn CEO
Allen D. Allen.
Forward looking statements are statements that are not historical
facts. CytoDyn's management makes forward looking statements concerning
the Company's expected future operations, performance and other
developments. These forward-looking statements are necessarily estimates
based upon current information and involve a number of risks and
uncertainties. There can be no assurance that such risks and
uncertainties, or other factors, will not affect the accuracy of such
forward-looking statements. It is impossible to identify all factors that
could cause actual results to differ materially from those estimated by
the Company. They include, but are not limited to, government regulation,
managing and maintaining growth, victimization by white-collar offenders,
and the effects of adverse publicity, litigation, competition, and other
factors that may be identified from time to time in the Company's
announcements.
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Copyright Business Wire 2006
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