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Penge Corp, a Delaware Corporation, Formerly Profile Diagnostic Sciences Inc., Announces the Completion of Its Acquisition of Penge Corp, a Nevada Corporation, and the Issuance of a New Trading Symbol, 'PNGC'.

LAS VEGAS -- Penge Corp (Pink Sheets: PNGC), a Delaware corporation, formerly Profile Diagnostic Sciences Inc. ("Profile Diagnostic Sciences"), announced today the completion of its acquisition of Penge Corp, a Nevada corporation ("Penge NV"), and the issuance of a new trading symbol. Under terms of the acquisition agreement, the officers and directors of Penge NV became the officers and directors of Profile Diagnostics Sciences and the name of Profile Diagnostic Sciences was changed to "Penge Corp."

The reorganized Penge Corp has filed amended and restated articles of incorporation with the State of Delaware, and received a new Committee on Uniform Securities Identification Procedures (CUSIP) number. Additionally, the company has received approval from the National Association of Securities Dealers (NASD) to make effective the name change to "Penge Corp" and the symbol change to "PNGC" at the open of the market on Wednesday, July 20, 2005.

About Penge Corp

Penge Corp, a Delaware corporation, is a holding company that acquires nursery industry companies. Penge's current holdings include a 274-acre wholesale tree operation outside of Tucson, Ariz., a 17-acre tree and shrub operation outside of Houston, and a 50-acre bedding plant and flower operation in Midland, Texas. Penge Corp maintains its principal offices in Midland, Texas.

Forward-Looking Statements. This press release does not constitute an offer of any securities for sale. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. While these statements are made to convey the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Actual company results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. A more extensive listing of risks and factors that may affect the business prospects of the company and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission.
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Publication:Business Wire
Geographic Code:1USA
Date:Jul 21, 2005
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