Collexis Announces Market Leader Position in Scientific Grant Analysis.Over $20 Billion in Scientific Funding Now Analyzed with Collexis COLUMBIA, S.C. -- Collexis Holdings Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CLXS), a leading developer of semantic search Semantic Search attempts to augment and improve traditional Research Searches by leveraging XML and RDF data from semantic networks to disambiguate semantic search queries and web text in order to increase relevancy of results. and knowledge discovery software, announced today that they are becoming the global leader in grant analysis and grant management tools in the sciences. With the recent launch of the National Institutes of Health (NIH "Not invented here." See digispeak. NIH - The United States National Institutes of Health. ) Categorization project, and the ongoing projects with leading private research funders, Collexis is analyzing over $20B in grant funds annually in the life sciences alone. Collexis expects their penetration within the grant management business segment to significantly grow in 2009. "The largest public and private funders of biomedical research use Collexis to analyze their grant content," said Bill Kirkland, 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 Collexis. "The largest public funder is our NIH project for disease categorization, and the largest private funder is our project for Wellcome Trust in the United Kingdom. We have similar projects with smaller funding organizations and we are seeing increased interest from research funders outside of the health sciences. This really puts us in the leadership position in the workflow and analysis of the scientific grant management process." "This position is a great compliment to our leadership in Biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. Expertise Profiling," said Dr. Christian Herzog, general manager for Collexis science, technical, and medical business. "We are now releasing products that intersect our knowledge of scientists with grant and literature sources - so we can automatically recommend the top global or regional reviewers for grants and journal manuscripts." The recently launched Collexis Reviewer Finder is the first product version of Collexis tools that leading research institutions use to assign reviewers to grants. The system has 1.8 Million Expert profiles pre-loaded and automatically identifies co-author and institutional conflicts of interest. The Collexis Reviewer Finder system is being deployed selectively within the NIH, several large publishing partners, and other grant-funding agencies. The system also utilizes Collexis Expertise Profiles which are enterprise solutions for Johns Hopkins, Mayo Clinic, the NIH, and over 25 other leading academic medical institutions worldwide. About Collexis Holdings, Inc. Collexis Holdings, Inc., a leading developer of high definition search and knowledge discovery software is headquartered in Columbia, South Carolina Columbia is the state capital and largest city of South Carolina. As of 2006, estimates for the population of the city proper is 122,819[1]. Columbia is the county seat of Richland County, but a small portion of the city extends into Lexington County. (USA) with major operations in Cincinnati, Ohio, Geldermalsen, the Netherlands and Cologne, Germany. Collexis now offers the world's first pre-populated scientific social network for life science researchers, www.biomedexperts.com. Collexis' proprietary technology builds conceptual profiles of text, called Fingerprints, from documents, Websites, emails and other digitized content and matches them with a comprehensive list of pre-defined "fingerprinted" concepts to make research results more relevant and efficient. This matching of concepts eliminates the ambiguity and lack of priority associated with word searches. The results are often described as "finding needles in many haystacks Haystacks can be:
• • ; Erasmus University Library; Bristol-Myers Squibb; Lockheed Martin; the World Health Organization; Wellcome Trust; the National Institutes of Health; and the U.S. Department of Defense. Shares of Collexis common stock are traded under the symbol CLXS on the 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. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB). For more information, visit www.collexis.com. Disclaimer: National Institutes of Health (NIH) is not considered a supporter or partner of Collexis. Reference to NIH in the above shall not be construed as a Government endorsement nor does it obligate obligate /ob·li·gate/ (ob´li-gat) pertaining to or characterized by the ability to survive only in a particular environment or to assume only a particular role, as an obligate anaerobe. NIH to a position on or about the Collexis Software. Forward-Looking Statements Some of the statements made in this press release may constitute 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. These forward-looking statements are based on management's current expectations and include known and unknown risks, uncertainties and other factors, many of which the company is unable to predict or control, that may cause the company's actual results or performance to differ materially from any future results or performance expressed or implied by such forward-looking statements. These statements involve risks and uncertainties, including risks and uncertainties associated with the company's statements about the market acceptance of the company's Reviewer Finder product and its technology and related applications for the grant management process. These risks and uncertainties are in addition to other factors detailed from time to time in the company's filings with the SEC, including the section entitled "Risk Factors" in its transition report on Form 10-KSB for the period ended June 30, 2008, as amended. The company cautions investors that any forward-looking statements made by the company are not necessarily indicative of future performance. The company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services. |
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