Veridien/Mycosol to Enter Fast Growing Billion Dollar Research Laboratory Market with Proprietary Viable Nuclear Stain ``Crimson Belle'' -Patent Pending-; National Launch Planned for September 2005.PINELLAS PARK, Fla. -- Veridien Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :VRDE VRDE Vehicle Research and Development Establishment (India) ) announced today that its consolidated, variable interest entity, Mycosol, Inc., intends a September 2005 national launch of its "Crimson Belle(TM)" viable nuclear stain nuclear stain n. A stain selective for cell nuclei, usually based on the binding of a basic dye to DNA or to nucleohistone. . Aimed at the fast growing billion dollar research laboratory market, "Crimson Belle(TM)" offers unique, safe, staining of live cell nuclei, permitting easy counting and real time tracking, while at the same time permitting the stain to be washed out. Since March 31, 2005, Veridien has increased its equity investment in Mycosol to approximately 36% (current capitalization) and Veridien retains the option to acquire the majority equity interest in Mycosol. The two companies have worked closely together to develop a broad life sciences platform based on Veridien's and Mycosol's combined anti-infectives technologies. According to Richard B. Klein, Co-Founder and 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 Mycosol, Inc., "Veridien's strategic foresight and investment in Mycosol has helped us continue the development of our core technology platform and to move closer to commercializing our first new products. A newly formed, wholly-owned subsidiary, Elion Diagnostics, is currently in the process of introducing two unique products into the fast growing billion dollar research laboratory market, with the national launch scheduled for September, 2005. This proprietary chemical technology, known as "Crimson Belle(TM), viable nuclear stain" will be available to biomedical research professionals as unique staining reagents to effectively study cell-based assays." Russell Van Zandt, Chairman of Veridien Corporation, stated, "Our investment in Mycosol has added significant proprietary technology (7 Patent Pendings) and opportunity for participation in multi-billion dollar market arenas that will add to Veridien's growth potential. In addition, I expect that Mycosol's chemistry will be a material element of Veridien's evolving, broad-based life sciences strategy. Mycosol's seasoned executive team has helped direct Veridien's near-term market focus and new product development, which is expected to favorably impact Veridien revenues and profitability over the next couple of years." But the story of Crimson Belle(TM) involves an interesting scientific twist... or serendipity serendipity happy finding of an unexpected object or solution while searching for something else. ... Mycosol was founded three years ago on the promise and potential of a proprietary, low-cost chemical technology platform, M301, aimed at safely and effectively preventing or treating microbial-induced and microbial-exacerbated problems. Mycosol has licensed the use of Burroughs Wellcome's data relating to the base chemistry M301 from their successor GlaxoSmithKline (GSK GSK GlaxoSmithKline plc (pharmaceutical company) GSK Glycogen Synthase Kinase GSK Gruppentraining Sozialer Kompetenzen (Germany) GSK Greenland Shark (FAO fish species code) ). Seven (7) new Patents have been filed by Mycosol using the M301 compound. Early in the development process for its medical, veterinary, and construction material applications, Mycosol came upon an unexpected finding. During preliminary safety testing, M301 was also shown to intensely stain nucleic acids Nucleic acids The cellular molecules DNA and RNA that act as coded instructions for the production of proteins and are copied for transmission of inherited traits. (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. , RNA RNA: see nucleic acid. RNA in full ribonucleic acid One of the two main types of nucleic acid (the other being DNA), which functions in cellular protein synthesis in all living cells and replaces DNA as the carrier of genetic ), as well as living cells without damaging those cells. Mycosol initiated a project to further develop and validate these findings and, soon after, created new reagent staining kits for use in laboratory research cell-based assays. The project demonstrated that the compound (renamed "Crimson Belle(TM)" due to its intense chromophore chromophore /chro·mo·phore/ (kro´mo-for) any chemical group whose presence gives a decided color to a compound and which unites with certain other groups (auxochromes) to form dyes. or red color) exhibited unique staining properties that had significant competitive advantages. For example: Crimson Belle(TM) specifically stains the nucleus of living cells and that it occurs in less than two minutes, which are unique properties. The stained cells can then be easily counted and tracked real-time. The fact that this visible nuclear stain can also be washed out after 48 hours and the same cells can be re-stained over time is also very novel. Faced with a whole new marketplace for our core compound technology, Mycosol launched subsidiary company Elion Diagnostics to manage the potential demand. "We knew we had a useful technology with Crimson Belle(TM)," said Jeff Selph, Elion's President and the former project manager for a large pharmaceutical company, who subsequently developed the technology platform that led to Crimson Belle(TM). The new company and product were named after Selph's mentor, scientist Gertrude Belle Elion, who won the Nobel Prize Nobel Prize, award given for outstanding achievement in physics, chemistry, physiology or medicine, peace, or literature. The awards were established by the will of Alfred Nobel, who left a fund to provide annual prizes in the five areas listed above. for Medicine in 1988. "These new commercial applications take advantage of Crimson Belle(TM)'s unique physical and chemical properties, such as its very strong attraction to a cell's nucleus, its intense red color, its cellular and biological tissue staining capability, and its safety profile for both cells and users. The reagent kits are also very stable and can be used and stored at room temperature. We're optimistic that the kits we're developing will provide tremendous benefits to the biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. researchers who will utilize them." Both Klein and Selph see further development of a pipeline of staining reagent products based on the Crimson Belle(TM) library of analogs, as well as eventual expansion into the clinical diagnostics market. Concurrently, Mycosol expects to continue developing and testing its unique anti-microbial chemistry for the anti-fungal pre-treatment of building materials targeted at the multi-billion dollar construction market. And because Mycosol's lead chemical compound is supported by seven patents pending and a library of over 1,500 similar compounds, they expect to have a significant pipeline of proprietary new products in several growth markets to add to their portfolio for years to come. About Veridien: Veridien Corporation is a Life Sciences Company focused on infection control, staining reagents and healthy lifestyle products. Veridien has developed patented and unique products including surface disinfectants, antiseptic hand cleansers, instrument presoak pre·soak tr.v. pre·soaked, pre·soak·ing, pre·soaks To soak (laundry) before washing. n. 1. The act or an instance of presoaking. 2. A liquid preparation in which laundry is presoaked. , and sun protectant protectant /pro·tec·tant/ (pro-tek´tant) protective. protectant, protective 1. affording defense or immunity. 2. an agent affording defense against harmful influence. products. The flagship product, Viraguard(R) Hospital Disinfectant/Cleaner and Instrument Presoak is a skin friendly, patented, U.S. - EPA EPA eicosapentaenoic acid. EPA abbr. eicosapentaenoic acid EPA, n.pr See acid, eicosapentaenoic. EPA, n. and Health Canada registered, surface disinfectant. Viraguard(R) Antiseptic Hand Gel, Viraguard(R) Antiseptic Hand Spray and Viraguard(R) Antiseptic Hand Wipes are U.S. - 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. and Health Canada drug listed products utilizing Veridien's patented Virahol(R) formulation. Look for Veridien at http://www.veridien.com About Veridien's investment in future technology: Veridien is developing new patentable products in concert with Mycosol, Inc., a company in which Veridien has invested and has the right to acquire majority ownership interest. Mycosol is an early revenue-stage chemical and pharmaceutical company based in the Research Triangle Park Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. area of North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. . The Company is developing a proprietary, low cost platform technology to safely and effectively treat and prevent microbial-induced and microbial-exacerbated problems. Mycosol's proprietary, multi-active compound has demonstrated potent anti-fungal, anti-bacterial, anti-inflammatory, and anti-allergic properties. Using this 'core technology' platform, a library of over 1,500 known analogs and 7 patents pending, Mycosol believes that a broad portfolio of products can be developed for many medical, diagnostics, industrial, veterinary, and agricultural applications. Mycosol is also developing its core technology for use as safe and effective biological staining reagents in academic, biotechnology and pharmaceutical research laboratories. Look for Mycosol at http://www.mycosol.com ...and soon, at http://www.eliondiagnostics.com Special Note: Forward-looking statements in this press release (identifiable by such words as "believes") are made pursuant to the "safe-harbor" 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. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, market acceptance of, and demand for, the Company's products, manufacturing, development and distributor issues, product pricing, competition, funding availability, technological changes and other risks not identified herein. The Company disclaims any intent or obligation to update any forward-looking statements. |
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