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University of Michigan Wolverine Venture Fund Continues Track Record of Industry Firsts

HandyLab, a Long-time Portfolio Company of Country’s First Student-Led Venture Fund, Under Agreement to be acquired by Leading Global Medical Technology Company

ANN ARBOR, Mich., Oct. 23 /PRNewswire/ — The Wolverine Venture Fund, part of the University of Michigan’s Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies at the Ross School of Business, today announced that BD (Becton, Dickinson and Company) (NYSE: BDX) has signed a definitive agreement to acquire HandyLab Inc. An Ann

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U-M Wolverine Venture Fund invests in Direct Flow Medical

ANN ARBOR, Mich.—The Wolverine Venture Fund (WVF), managed by The Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies at the University of Michigan Ross School of Business, announced participation in Direct Flow Medical Inc.’s Series C round of financing.

Direct Flow Medical is an emerging medical device company developing a next-generation, catheter based, percutaneous-delivered prosthetic aortic valve. The company, based in Santa Rosa, California, has raised $40 million of its projected $42.5 million Series

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City Income Tax Survey Results

Ann Arbor – The Chamber recently conducted a member-wide survey and 2 roundtable discussions on the proposed Ann Arbor city income tax. Indications at the time were that Ann Arbor City Council would consider whether to place the measure on the November ballot at its August 17th meeting.

Of the approximately 300 Chamber members surveyed, 57 percent indicated that a city income tax would affect their decision to work at a place of employment in Ann

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John Nixon Achieves ‘President’s Club’ Status

Ann Arbor, MI — PrimeVest financial professional John Nixon III, located at Capitol Wealth Advisors @ Michigan Commerce Bank, Ann Arbor Office, recently attained President’s Club status and was recognized for his considerable achievements at the 2009 PrimeVest National Planning Conference, held in Minneapolis, MN. President’s Club status is reserved annually for financial professionals achieving PrimeVest’s highest level of performance for the previously concluded year.

“Conference opportunities like this are extremely valuable,” said Nixon, “They provide

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Federal Judge Allows Challenge of AIG Bailout to Proceed

May 27, 2009

ANN ARBOR, MI – Proclaiming that times of crisis do not justify departure from the Constitution, Federal District Court Judge Lawrence P. Zatkoff allowed the lawsuit against Treasury Secretary Timothy Geithner and the Federal Reserve Board challenging the AIG bailout to proceed.  The lawsuit was filed last December by the Thomas More Law Center, a national public interest law firm based in Ann Arbor, Michigan, and attorney David Yerushalmi, an expert in security

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Ann Arbor Firms Grab Most 1Q Venture Capital Funding

By Newton

Ann Arbor, MI – April 18, 2009 – According to Tina Reed of The Ann Arbor News, Ann Arbor-area companies received most of the venture capital money handed out in the first quarter.  While this is good news, the number and volume of venture capital deals were down overall across the state of Michigan and nation according to the National Venture Capital Association.

In the state of Michigan, there were 10 deals worth about $8.44

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