GeneLink Inc. and Prime Succession Inc. Announce DNA Banking Services Throughout Funeral Home System.MARGATE, N.J. and ERLANGER, Ky.--(BW HealthWire)--Dec. 1, 1998-- GeneLink Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :GNLK) and privately-held Prime Succession Inc. Wednesday announced that Prime Succession has begun offering GeneLink's DNA Banking 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. Services throughout it's funeral home system. Prime Succession owns and operates 144 funeral homes and 20 cemeteries in 20 states. GeneLink is a publicly held company with headquarters in Margate, New Jersey. The Company's shares commenced trading recently on the NASDAQ Electronic Bulletin Board under the symbol GNLK. GeneLink has created a DNA Banking Service that stores 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. before or after an individual dies. This genetic history can help families determine if they are at risk for certain inherited diseases. Humans have over 100,000 genes and there are more than 4,500 diseases that are genetically based. As researchers continue to identify diseases linked to genes, living family members can use the stored DNA in specific instances to discover if they are at risk for certain diseases. DNA banking shifts the emphasis from diagnosis and treatment to disease prediction and prevention. GeneLink is currently introducing its service through funeral homes across the country. 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. Gary Wright, president of Prime Succession Inc., "We have an obligation to make families aware of their last to chance to participate in this important program which may provide an opportunity to prevent disease in future generations". GeneLink's patentable DNA Collection Kit involves a simple and noninvasive process for collecting saliva. The DNA is then sent to the University of North Texas Health Science Center in Fort Worth, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. , for processing and storage. For a fee of $250 the DNA is banked for 25 years. "It is my belief that every family should request that their funeral director collect the DNA of a deceased family member", said Dr. Stephen L. Putthoff, Chairman of the Department of Pathology of the University of North Texas. It will provide the physicians of future generations with the necessary data to address or prevent inherited diseases. This release includes certain forward-looking information that is based upon management's beliefs as well as on assumption made by and data currently available to management. This information which has been, or in the future may be, included in reliance on 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 on 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, is subject to a number of risks and uncertainties, including but not limited to the factors identified in the Company's documents filed with the Securities and Exchange Commission. Actual results may differ materially from those anticipated in such 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. even if experience or future changes make it clear that any projected results expressed or implied therein may not be realized. |
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