GENELINK SIGNS LETTER OF INTENT FOR LICENSING AGREEMENT WITH UNICITY
NETWORK
April 18, 2002
Margate, NJ-(BUSINESS WIRE)-- April 18, 2002- GeneLink BioSciences, Inc. (OTCBB:GNLK)
announced today that it has signed a letter of intent with Unicity Network
of Orem, UT (A Division of Royal Numico) to enter into a licensing agreement
for GeneLink's genetic profiling technology for skin care. This licensing
agreement would allow Unicity to utilize GeneLink's patented DNA Collection
Kit® and genetic profiling technologies by providing its distributors
with an innovative line of personalized skin care products. Further details
were not disclosed.
Unicity Network was created by the unification of two of the most
highly successful companies in the nutritional and direct-selling
industries, Rexall Showcase International and Enrich International.
For more information about Unicity visit its website at www.unicitynetwork.com.
"Unicity Network has a sterling worldwide reputation and a history
of product innovation," says John DePhillipo, CEO of GeneLink. "We
admire how Unicity's Independent Business Owners help consumers identify
their needs and find the best products to meet those needs. GeneLink
is delighted to be a part of Unicity's expansion into new markets. "
"Capitalizing on innovations for our Independent Business Owners
is one of the key ways Unicity helps Make Life Better," says Richard
Bizzaro, Chairman and CEO of Unicity Network. "These skin care breakthroughs
by GeneLink will provide significant advantages to our people. The
products will help them Look Better through exciting new technology,
and the products will help them Live Better by generating new customer
interest for their independent businesses."
GeneLink BioSciences, Inc., a pioneer DNA banking and hereditary genetic information
service has developed a proprietary method for genetic assessments
(patents pending) and is beginning to license these breakthrough
nutragentic and dermagentic profiles to companies that market or
manufacture products for the $100 billion plus skin care, nutritional
supplement and health care industries. For more information about
GeneLink, visit its website at www.genelink.info.
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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