Applied DNA Sciences, Inc. Launches DNA-Embedded Security Products and Services in North America and Europe.Business Editors LOS ANGELES--(BUSINESS WIRE)--Dec. 4, 2002 Biotechnology company is prepared to help eliminate fraud, forgery forgery, in art forgery, in art, the false claim to authenticity for a work of art. The Nature of Forgery Because the provenance of works of art is seldom clear and because their origin is often judged by means of subtle factors, art , piracy and counterfeiting, an estimated global loss of up to one trillion dollars per year 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), a developer of DNA-embedded biotechnology security solutions that will protect corporate and government intellectual property from counterfeiting and fraud, today announced the launch of the company's products and services in 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. Applied DNA Sciences, Inc. (ADNAS) utilizes a patented and proprietary line of DNA-embedded biotechnology products through an exclusive licensing and partnership agreement with Taiwan-based Biowell Technology Inc. The FBI has called counterfeiting "the crime of the 21st century." The scale of product counterfeiting is rapidly increasing with estimated losses in US corporations overall at $200 billion annually. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a 1999 study by the Imaging Supplies Coalition, global loss estimates range from $350 billion to one trillion dollars per year or about 5 percent of all world trade. "We are anticipating a positive response from multiple industry sectors with the introduction of our award-winning DNA-embedded biotechnology products. These solutions will help identify, deter and dismantle various global counterfeiting organizations," 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 of Applied DNA Sciences, Inc. "We believe investors and customers will be fascinated with our proprietary products and their ability to cost effectively authenticate (1) To verify (guarantee) the identity of a person or company. To ensure that the individual or organization is really who it says it is. See authentication and digital certificate. (2) To verify (guarantee) that data has not been altered. and protect government and corporate intellectual property, and multiple product lines." This new biotechnology can be applied to products such as: corporate documents, pharmaceuticals, CDs, videos, computer software, food, wine, perfume, fashion labels, and the arts. This optimum application also provides authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. for government intellectual properties such as passports, security badges, green cards, driver's licenses Noun 1. driver's license - a license authorizing the bearer to drive a motor vehicle driver's licence, driving licence, driving license license, permit, licence - a legal document giving official permission to do something , student visas and other official documents. "Applied DNA Sciences, Inc. has a seasoned management and marketing team. The commercial application is ready to launch and the cost is economical. In my opinion, our products are the best choice for businesses to protect their rights and to promote brand status," said Dr. Sheu, lead scientist at Biowell Technology Inc. "We also have a number of new products on the horizon, including products to secure passports and student visas and various applications for the nuclear power plant industry. Additionally we are working on edible anti-counterfeit coated materials and sprays to be used in medicines and high-priced food products." Every plant and animal has a different DNA code. The key to this exclusive biotechnology is the ability to embed or combine scientifically selected and processed DNA to various materials such as labels, ink, paint, or microchips. In doing this, genuine products can be distinguished from counterfeits by comparing the characteristics of the attached DNA. By manipulating specific DNA from a plant or animal, Biowell is able to create a unique string of DNA codes that become traceable markings for any product. About Applied DNA Sciences, Inc. (ADNAS) Applied DNA Sciences, Inc. (OTCBB: APDN) is a developer of DNA-embedded biotechnology solutions that protect corporate and intellectual property from counterfeiting, fraud, piracy, and product diversion. The company is providing additional safeguards for addressing the heightened security requirements globally, and possibly averting dangerous acts against the government and private sectors. ADNAS products will be accompanied by monitoring and enforcement support to identify, deter, and apprehend global counterfeiting organizations. 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. ADNAS has an exclusive licensing and partnership agreement with Biowell Technology Inc. of Taiwan for North America and Europe. The company provides sales, marketing, and sub-licensing of the DNA products in the world's largest markets. The company is headquartered at 9255 W. Sunset Blvd Sunset BLVD is unreleased material and remixes by the rapper 2Pac. It was released on September 12, 2005 internationally and the United States. 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About Biowell Technology Inc. Biowell Technology Inc. is a leading developer of DNA-embedded biotechnology products and applications. The company provides total security solutions protecting corporate and government intellectual property from fraud, forgery, piracy, and counterfeiting. These products can be used with a wide range of security applications such as special inks, labels and microchips. Established in 1999, Biowell was founded by a group of elite scientists engaged in biotechnology-related sciences. The company specializes in the research and development of DNA anti-counterfeit biotechnology and holds several patents in this field. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. |
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