Applied DNA Sciences, Inc. Appoints Gerhard H. Wehr as Chief Financial Officer.Business Editors LOS ANGELES--(BUSINESS WIRE)--Jan. 28, 2003 Applied DNA DNA: see nucleic acid. DNA or deoxyribonucleic acid One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. Sciences, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :APDN): -- Wehr's Experience Taking U.S. Companies Overseas to Markets Including Japan, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Singapore as Well as European Markets, Including Germany, Switzerland, the U.K., and France, Has Proved Valuable in Accelerating Investment Flow Applied DNA Sciences, Inc. (OTCBB:APDN), a provider of proprietary DNA-embedded biotechnology solutions that protect corporate and government intellectual property from counterfeiting and fraud, today announced the appointment of Gerhard H. Wehr as chief financial officer. Wehr has established proven success at blending Asian with U.S. business culture into an international professional environment, by utilizing innovative strategies to lead teams in securing alliances, providing value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. products, and accelerating investment flow. In addition, Wehr served as one of the regulators at Singapore's Securities Industry Council by invitation of Minister of Finance from 1985 through 1986. Most recently, Wehr has been serving as president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of VO Management, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a Reno, Nevada-based holding company that raises funds for the acquisition of high tech assets through global merger, turnaround and leveraged buy-out investments. He is also a managing member of Convergence Group, LLC, a Beverly Hills-based management company dealing with planned private equity funding Equity funding An investment consisting of a life insurance policy and a mutual fund. The insurance policy is paid by the collateral value of fund shares, giving the investor the advantages of insurance protection with the growth potential of a mutual fund. . Wehr's experience taking U.S. companies overseas to markets includes Japan, Hong Kong, Singapore as well as European markets, including Germany, Switzerland, the U.K., and France. His influence has proved invaluable in accelerating investment flow. Wehr previously held executive management positions for Chemical Bank Trust and Investment (Singapore & Hong Kong), as managing director, and as managing director and representative director of Barclay's Trust and Banking, Co., Japan, Ltd. Tokyo, where he generated over $900 million in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. within 12 months by transforming the conventional trust banking unit into a first-class investment banking entity. At Banque Nationale Banque Nationale (French: "National bank") may refer to:
At Dresdner Securities, Asia, Ltd., Tokyo, as chief executive officer and representative director, Wehr achieved 18 percent return on equity against difficult market conditions by leading a team of Japanese and French investment specialists in systematically building investment product and capturing market. "Gerhard Wehr is a results-driven executive with superior ability at developing U.S. companies in overseas markets," said Larry Lee For the football player of the same name see Larry Lee (football player). Larry Lee was a long time friend of Jimi Hendrix and eventually joined Hendrix's new band Gypsy Sun and Rainbows as rhythm guitar player. , president and chief executive officer of Applied DNA Sciences, Inc. "He has extensive experience in identifying capital partners and launching new products and technologies in the global markets. I am confident that his skills will assist our company in reaching our goal to become the leader in providing a total security solution to protect corporate and intellectual property from counterfeiting and fraud." About Applied DNA Sciences, Inc. (ADNAS) Applied DNA Sciences, Inc. (OTCBB:APDN) provides proprietary DNA-embedded biotechnology solutions that confirm authenticity and protect corporate and government agencies from counterfeiting, fraud, piracy, product diversion, and unauthorized intrusion. ADNAS has an exclusive licensing and partnership agreement covering North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe with Biowell Technology, Inc. (http://www.biowell.com.tw/eng/home.htm) of Taiwan. The company provides sales, marketing, and sub-licensing of the DNA products, which are accompanied by monitoring and enforcement support to identify, deter, and apprehend global counterfeiting organizations. ADNAS' patented technology addresses the more than $350 billion of counterfeit products sold globally each year. Corporations spend approximately $6 billion annually on anti-counterfeit and anti-fraud solutions. DNA tagging provides an extremely high counterfeit barrier, because the unique DNA sequence DNA sequence Genetics The precise order of bases–A,T,G,C–in a segment of DNA, gene, chromosome, or an entire genome. See Base pair, Base sequence analysis, Chromosome, Gene, Genome. that identifies a tagged object is virtually impossible for a counterfeiter to replicate. Industries benefiting from ADNAS solutions include: corporations, federal government, information technology, security and surveillance, entertainment, the arts, cosmetics, pharmaceutical and biometrics, and vertical retail markets. The company is headquartered at 9255 W. Sunset Blvd., Los Angeles, CA 90069; Tel: 310/860-1DNA (1362); Fax: 310/246-1760 or visit www.ADNAS.com. The statements made by Applied DNA Sciences, Inc. (the company) may be forward-looking in nature and are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements describe The Company's future plans, projections, strategies and expectations, and are based on assumptions and involve a number of risks and uncertainties, many of which are beyond the control of Applied DNA Sciences, Inc. Actual results could differ materially from those projected due to changes in interest rates, market competition, changes in the local and national economies, and various other factors. The company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date hereof to reflect the occurrence of unanticipated events. |
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