WorldSpace Inc fka WRSPQ

[bepop12345]

Example of a Ch. 11 BK, how it could play out for WRSPQ also.

Vermillion Emerges From Bankruptcy

Company Poised to Launch OVA1(TM)

FREMONT, Calif., Jan. 22 /PRNewswire-FirstCall/ --

Vermillion, Inc. (Pink Sheets: VRMLQ.PK) today announced it has successfully emerged from protection under Chapter 11 of the United States Bankruptcy Code in fewer than 10 months following its filing for bankruptcy protection in the United States Bankruptcy Court for the District of Delaware. Vermillion emerged from bankruptcy with all creditors receiving 100 percent of allowed claims and with the common stock being fully restated.

"We couldn't be more thrilled about our successful restructuring. Vermillion is emerging from bankruptcy as a well-capitalized, leading diagnostics company, poised to launch our OVA1 test. This is a great day for all of our stakeholders as well as women who will benefit from OVA1," said Gail Page, executive chair of Vermillion. "We are in a position to resume development of our other programs in ovarian cancer and peripheral arterial disease," she added

Vermillion's legal advisor in connection with its successful reorganization efforts is Paul, Hastings, Janofsky & Walker LLP

About Vermillion

Vermillion, Inc. is dedicated to the discovery, development and commercialization of novel high-value diagnostic tests that help physicians diagnose, treat and improve outcomes for patients. Vermillion, along with its prestigious scientific collaborators, has diagnostic programs in oncology, hematology, cardiology and women's health. Vermillion is based in Fremont, California. Additional information about Vermillion can be found on the Web at http://www.vermillion.com/


DATASOURCE: Vermillion, Inc.