for further information contact richard j freer ph d chairman & coo commonwealth biotechnologies inc 804 648 3820 announces signing of stock purchase agreement to acquire mimotopes pty ltd acquisition seen as the initial step in a strategic re positioning company aimed at driving growth and increasing shareholder value richmond virginia november xx 2006 cbi nasdaq capital market cbte life sciences contract research organization biotechnology announced today that board directors has unanimously approved executed all outstanding which is based melbourne australia wholly owned subsidiary pharmaust chemistry turn limited paa traded on exchange consideration transaction will issue 2 150 000 shares common result through hold 39 5 equity position obtained an independent third party fairness opinion this deemed be fair from