Printer Friendly
The Free Library
19,595,263 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Applied DNA Sciences Acquires Applied DNA Sciences Europe Ltd.


STONY BROOK Stony Brook may refer to:

Massachusetts:
  • Stony Brook, a tributary of the Charles River in Boston
  • Stony Brook (MBTA station) on the Orange Line in Jamaica Plain
  • Stony Brook (B&M station), a former Boston and Maine Railroad station in Weston
, N.Y. -- 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. (OTC Bulletin Board OTC Bulletin Board

An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system.
: APDN), a DNA security solutions company, today announced that Applied DNA Sciences Europe Ltd., an English private limited company, is now a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of Applied DNA Sciences, Inc. In July 2003, APDN, Biowell Technology, Inc. and G.A. Corporate Finance Ltd. entered into a Sub-License Agreement that provided G.A. Corporate Finance a license to market and sell APDN's products in the U.K., among other things. G.A. Corporate Finance formed Applied DNA Sciences Europe Ltd. in April 2003 in anticipation of this agreement. On March 30, 2007, the parties terminated this agreement. All rights to market and sell APDN products in the U.K. were returned to APDN, and all of G.A. Corporate Finance's interests in Applied DNA Sciences Europe Ltd. were transferred to APDN.

"As the company moves forward and continues to establish business relationships with not only U.S., but also European and other companies worldwide, we thought it was important to consolidate rights for our technologies and have direct control of our business in the U.S. and Europe," stated Dr. James A. Hayward, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Applied DNA Sciences. "We hope that this strategic move will position the company well for its next phase of growth and will allow APDN to maximize the opportunities we will have in the years ahead."

About Applied DNA Sciences, Inc.

Applied DNA Sciences, Inc. provides botanical DNA encryption, embedment and 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.
 solutions that can help protect companies, governments and consumers from counterfeiting, fraud, piracy, product diversion, identity theft and unauthorized intrusion into physical locations and databases. APDN's common stock is listed on the Over-The-Counter Bulletin Board under the symbol "APDN".

The statements made by APDN 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 APDN'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 APDN. Actual results could differ materially from those projected due to our short operating history, limited market acceptance, market competition and various other factors detailed from time to time in APDN's SEC reports and filings, including our Annual Report on Form 10-KSB, filed on January 16, 2007 and our subsequent quarterly report on Form 10-QSB. APDN 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.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Apr 4, 2007
Words:427
Previous Article:pSivida and Sandell Agree to Redeem Entire Convertible Loan.
Next Article:Chemtura Announces Restructuring to Improve Performance, Accelerate Growth, Better Serve Customers.



Related Articles
Applied DNA Sciences, Inc. Opens London Marketing and Sales Office and Appoints Baron Frederick Charles von Nidda as General Manager.
Applied DNA Sciences Signs $3 Million Exclusive Licensing Agreement for the United Kingdom.
Evidence.
Lack of funds a barrier, biotech guru says.
Peter Brocklesby Appointed President of Applied DNA Sciences.
BRIEFCASE DISNEY RELEASING MORE VIDEO GAMES.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles