New in Town

Palnar, 101 Interchange Plaza, Suite 105, Cranbury 08512; 609-426-9586. Home page:

Palnar, a software development and IT consulting firm with offices in Europe, Malaysia, and India, has opened it American headquarters in Cranbury.

Founded in 1997 as PCI, Palnar originally concentrated on network engineering. Since then it has diversified its business to software development and consultancy services around the globe under the trade name Palnar.

Spanish Workshop for Children, 33 Mercer Street, Trinity Church, Princeton 08540; 610-489-5595. Marcela Summerville, director. Home page:

Spanish Workshop for Children, a total Spanish immersion program, has opened a location at Trinity Church in Princeton. This is the chain’s fifth center in the area. Others are in Blue Bell, Rosemont, and Yardley, Pennsylvania, and in Cherry Hill.

Marcela Summerville, director of the school, has been co-chair for the ACTFL-LLC-SIG (American Council on the Teaching of Foreign Languages) and has been appointed Pennsylvania State Representative of NNELL (National Network of Early Language Learning) since 2004, where she advocates early language learning.

Spanish Workshop for Children teaches preschoolers, and even toddlers. Winter sessions, including half-day programs, begin in January.

Ameriprise Financial, 7 Tree Farm Road, Suite 204, Pennington 08534-1461; 609-730-3840. Anthony De Lucia III, certified financial planner. Home page:

The firm provides investment advice, retirement strategies, estate planning, and general financial advice to individuals and small businesses.

Mr. Handyman of East Windsor & Trenton, 510 Route 130, Royal Plaza, Suite A-2, East Windsor 08520; 609-443-8330.

The international franchise Mr. Handyman has opened a location in East Windsor’s Royal Plaza.

Funding Obtained

Cornerstone Pharmaceutical, 1 Duncan Drive, Cranbury 08512; 609-409-7050; fax, 609-409-6035. Bob Rodriguez, president & COO. Home page:

Cornerstone Pharmaceuticals, Inc., a privately-held pharmaceutical company focused on developing drugs in the emerging field of cancer bioenergetics, has raised a minimum of $6 million from a private investor group.

The proceeds are to be primarily used for advancing its clinical trials in the United States and Canada evaluating the safety and efficacy of its bioenergetic Altered Energy Metabolism-Directed (AEMD) compound, CPI-613, in a variety of cancer types.

CPI-613 targets distinctive changes in energy metabolism that are associated with the vast majority of solid tumor types. CPI-613 has shown potential utility in multiple non-clinical studies including those conducted using human tumor biopsies from patients with lung, colon, pancreatic and breast tumors as well as cancer cell lines resistant to traditional chemotherapeutics. CPI-613 is the lead product candidate from Cornerstone’s AEMD compound platform being studied in human clinical trials.

Joint Venture

Netrics Inc., 707 State Road, Suite 212, Princeton 08540; 609-683-4002; fax, 609-497-9030. Stefanos Damianakis, president and CEO. Home page:

Netrics, a technology company that makes sense of data for its clients, has partnered with Skill, an IT services and systems integrator in the Czech Republic. Through this partnership, Skill will deliver the Netrics’ technology together with its own technology to companies and governmental entities throughout the Czech Republic. The technology addresses workflow, business process, and event notification.

“Many large Czech enterprises struggle to maintain consistent structured data that can be shared and managed effectively,” Antonin Koci, managing director of Skill, said in a prepared statement.”

The Netrics technology, which it calls Matching Platform, works at making data usable — both within and between disparate databases — despite any variations, inconsistencies, or duplications. It automates the matching and linking of data, even with errors, enabling businesses to make better business decisions based on their data.

Netrics is able to coordinate data in more than 40 languages.

Leaving Town

New Jersey Bankers Association, 4365 Route 1 South, Box 573, Princeton 08542-0573. John E. McWeeney Jr., president.

The New Jersey Bankers Association has formally merged with the New Jersey League of Community Banks, and will soon decamp to that organization’s offices, in Cranford. None of the combined organization’s 26 were laid off, but three chose not to make the move.

John McWeeney, president and chief executive of NJ Bankers, will serve as co-president of the merged trade group.


Karen Carroll, 50, on December 15. She was a statistical analyst for ETS for more than 30 years.

Frank W. Daniels, 74, on December 13. He had been CFO of Mathematica Policy Research.

Robert F. Smith, 59, on December 11. He was a self-employed appliance technician associated with H & H Gas.

Robert Jelenic, 58, on December 3. He was president of the Journal Register Company, publisher of 22 newspapers, including the Trentonian, until illness forced his retirement in 2007.

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