GENELINK WINS INJUNCTION PROTECTING ITS PROPRIETARY SNP TECHNOLOGY FOR
SKIN HEALTH
March 26, 2003
MARGATE, NJ - BUSINESS WIRE - March 26, 2003 - GeneLink BioSciences, Inc. (OTCBB:GNLK).
The United States District Court for the District of New Jersey entered
a Preliminary Injunction enjoining LAB21 from using any confidential information
it learned from GeneLink during a collaborative effort to test market a
DNA face cream based on GeneLink's Proprietary SNP profiling methodology.
The Court also upheld a contract provision which prevents LAB21 from using
SNP based technology to formulate its skin care products. A full copy of
the Order can be viewed on GeneLink BioSciences, Inc.'s website. order.pdf.
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. |