Applied DNA Sciences, Inc. Opens London Marketing and Sales Office and Appoints Baron Frederick Charles von Nidda as General Manager.Business Editors LOS ANGELES--(BUSINESS WIRE)--March 31, 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), a provider of proprietary embedded-DNA security solutions that protect corporate and government intellectual property from counterfeiting and fraud, today announced the opening of its London, England marketing and sales office and the appointment of Baron Frederick Charles Nobility named Frederick Charles (German: Friedrich Karl) include:
Baron von Nidda has vast executive experience in working with English and European companies It may never be fully completed or, depending on its its nature, it may be that it can never be completed. However, new and revised entries in the list are always welcome. This is a list of companies from the countries in the European Union. , bringing many years of valuable corporate finance and marketing experience to Applied DNA Sciences. He is also a partner in GA Associates (Holdings) Ltd., a pan-European mergers and acquisitions and corporate finance advisory firm. GA Associates has completed numerous large-scale transactions on behalf of prominent corporate and high valued investors. Baron von Nidda has also recently assisted with the finance and expansion of a number of independent businesses, including Minimould Ltd. (engineering), Res-Del international Ltd. (pharmaceutical), Clinical Research Centres International Ltd. (medical), Tri-Continental Films Ltd. (media), Commercial Internet Services Ltd. (ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. ), and E-Web Ltd. (e-Commerce). The International Tribune recently reported that the European Commission European Commission, branch of the governing body of the European Union (EU) invested with executive and some legislative powers. Located in Brussels, Belgium, it was founded in 1967 when the three treaty organizations comprising what was then the European Community announced a series of proposals to halt the flow of counterfeit goods. The steep rise in seizures is up exponentially from 10 million in 1998 to 100 million in 2001, now costing EU companies about 2.1 billion. "Counterfeiting is a global concern. Recent news that the European Commission seeks to increase the power of its customs agents to curb the surge in the number of counterfeit products flowing into the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community from Asia and Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. emphasizes our resolve to provide our technology in Europe," said Baron von Nidda. "There couldn't be a better time or climate for this new technology with its multiple products and applications to be introduced to the European community European Community: see European Union. European Community (EC) Organization formed in 1967 with the merger of the European Economic Community, European Coal and Steel Community, and European Atomic Energy Community. ." "We are pleased to have Baron von Nidda and his staff join our team. He has rich relationships with top business executives throughout the European community. The addition of the London office and Baron von Nidda will bring us tremendous resources to identify partners for licensing and customers for our embedded-DNA anti-counterfeit security solutions," said Larry Lee, chief executive officer, Applied DNA Sciences, Inc. About Applied DNA Sciences, Inc. Applied DNA Sciences, Inc. provides proprietary embedded-DNA security solutions that verify authenticity and protect corporate and government agencies from counterfeiting, fraud, piracy, product diversion, and unauthorized intrusion. Applied DNA Sciences has an exclusive licensing and partnership agreement covering North America and Europe with Biowell Technology, Inc. (http://www.biowell.com.tw/eng/home.htm) of Taiwan. The company develops, markets, and sub-licenses DNA security systems, supply-chain management systems and anti-counterfeit solutions. Applied DNA Sciences' technology addresses the more than $350 billion of counterfeit products sold each year as well as the multi-billion dollar homeland security market. The company is headquartered at 9255 W. Sunset Blvd., Los Angeles, CA 90069; Tel: 310/860-1362; Fax: 310/860-1303 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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