Published 06-01-06
Submitted by CytoDyn
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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