CEO Of GeneLink, Inc., John R. DePhillipo, Talks Business With Wall Street Webcast.Business Editors MARGATE, N.J.--(BUSINESS WIRE)--March 21, 2001 GeneLink, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :GNLK), The World's First Family Centered DNA Bank A DNA bank is a repository of DNA, usually used for research or criminal investigation. The NIAS DNA Bank, for example, collects the DNA of agrucultural organisms, such as rice and fish, for scientific research. and Hereditary Genetic Information Service--In an in-depth interview with Wall Street Webcast, that can be accessed in real audio at www.wallstreetwebcast.com, John R. DePhillipo talks about the Patent on GeneLink's do-it-yourself, non-invasive 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. Collection Kit stating "The uses of the DNA Collection Kit that is FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. cleared and patented, are enormous! The Kit has an accurate and reliable data tracking system and can be mailed anywhere in the world. GeneLink's product is ready to be licensed and delivered worldwide." During the interview Mr. DePhillipo addresses the tremendous markets that can be leveraged with this new technology saying, "The potential uses for the DNA Collection Kit by a wide variety of industries are vast. Currently, there is a program called SNPs wherein where·in adv. In what way; how: Wherein have we sinned? conj. 1. In which location; where: the country wherein those people live. 2. pharmaceutical companies hope to identify little changes in your DNA and develop customized medicines around those changes, such as Heart Disease or Asthma. Experts say that in the next few years this will become routine and will actually occur in the physicians office. The physician will need a collection system that is reliable, accurate and accountable to track all this data." Adding, "Genomic Companies that are searching for cures genetically in disease will also take advantage of a system like ours. DNA needs to be transported, identified, tracked and possibly stored. GeneLink is in an excellent position to serve all these industries worldwide." Mr. DePhillipo also discusses the growth strategy for GeneLink for the coming year wherein he outlines plans that are in place to contract with pharmaceutical and medical companies for licensing and manufacturing, and to become involved with up and coming programs to utilize the company's own products for the collection of the data. "We are very focused. The uses are potentially enormous addressing a worldwide market, and our goal is to have our product in the international marketplace and have revenue coming in six months from today!" About Wall Street Webcast: Wall Street Webcast is a newly developed website devoted to the principle business model of conducting interactive webcasting and formatted interviews with Small Cap to Mid Cap companies that have important news and upcoming events. In concert with commentary from leading market analysts, portfolio managers and find managers, Wall Street Webcast is able to create a space on the Internet where sophisticated investors can come for timely, quality information about investing in the capital markets. 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. : This news release contains certain "forward-looking statements" within the meaning 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, which provides a new "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. " for these types of statements. website: bankdna.com |
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