PVAXX Ltd., a Bermuda based hi-tech commercial materials corporation has engaged Jefferies & Company, Inc. of New York to assist with a predominantly debt based financing of up to $240 million that will allow the company to complete maximum phase production of its Bahrain and US based "flagship" pallet manufacturing facilities.

Jefferies, an investment bank and institutional securities firm, is the principal operating subsidiary of Jefferies Group, Inc.

Ascendant re-incorporates

Ascendant Holdings, Ltd. announced recently that it re-incorporated in Bermuda. The company had originally been a Turks and Caicos corporation.

The company decided to relocate to Bermuda after the company's shares were listed on the Bermuda Stock Exchange earlier this year and has now completed that move.