GENELINK PARTNERS WITH DNAPRINT TO DEVELOP "NEXT GENERATION" GENETIC-PROFILE
TESTS FOR PERSONALIZED COSMETICS
March 6, 2003
MARGATE, NJ - BUSINESS WIRE - March 6, 2003 - GeneLink BioSciences, Inc. (OTCBB:GNLK)
announced today that it entered into a collaborative agreement with DNAPrint
Genomics, Inc. (OTCBB:DNAP) whereby the companies will combine certain
scientific and intellectual property resources to develop and market "next
generation" genetic profile tests to the $100 Billion plus personal care
and cosmetics industry. Further details were not disclosed.
GeneLink invented the first genetically-designed patentable DNA test for
customized skin-care products, and DNAPrint brings its ultra-high throughput
genotype capability and ADMIXMAP platform to the partnership. The companies
anticipate screening millions of candidate markers to broaden proprietary
product offerings.
Tests are designed to assess genetic risks for certain skin and
nutritional deficiencies and provide a basis for recommending formulations
that have been specifically designed to compensate for these deficiencies.
Rather than offering a "stand alone" genetic test, DNAPrint, GeneLink
and other collaborative partner(s) (such as Arch Personal Care Products
see news_articles) will link genetic
assessments to a personalized solution for certain common dermatological
and skin-aging problems. Current and future products are being offered
to leading cosmetic industry marketers and manufacturers.
"GeneLink's Dermagenetics technologies are a breakthrough for the
skin-care industry; they provide a viable means by which to personalize
the selection of skin care products," says Tony Frudakis, DNAPrint's
CEO. "We are very pleased to work together with GeneLink to co-develop
new genetic assessments for a ready market place".
"DNAPrint is the leader in the measurement of population structures
for disease genetics. GeneLink sees a significant opportunity to
expand our industry leadership and patentable positions by combining
scientific technologies with DNAPrint's ADMIXMAP capabilities," says
John DePhillipo, GeneLink's CEO. He added, "By broadening our services
and licensing opportunities, we increase immediate and future income
opportunities for both companies."
About DNAPrint Genomics, Inc.: DNAPrint
Genomics Inc. was founded by a team of scientists with research and
commercial experience in high-level mathematical modeling, programming
and molecular genetics. Using proprietary human genome research methods,
the Company develops chemo-predictive tests for matching patients
with drugs based on their genetic constitution, discovers disease
genes for the development of new drugs and develops new forensic
genomics and recreational genomics testing products. The Company
is traded on the NASDAQ OTC Bulletin Board under the ticker symbol:
DNAP. For more information about the company, please visit www.dnaprint.com.
About GeneLink: www.genelink.info.
GeneLink BioSciences, Inc., a pioneer DNA banking and hereditary genetic information
service has developed a proprietary method for genetic assessments
(patents pending) and has begun to license these breakthrough nutragenetic
and dermagenetic profiles to companies that market or manufacture
products for the $100 billion plus skin care, nutritional supplement
and health care industries.
Forward-Looking Statements: This press
release contains certain 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. With the exception of historical
information contained herein, the matters discussed in this press
release involve risk and uncertainties. Actual results could differ
materially from those expressed in any forward-looking statement.
GNLK disclaims any intention or obligation to revise any forward-looking
statements whether as a result of new information, future developments
or otherwise.
SOURCE: GeneLink BioSciences, Inc.
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