GeneLink's Recent News Reviewed by Larry Oakley of WallStreetCorner.com
April
25, 2002
MARGATE, NJ-(Business Wire) April 25, 2002, GeneLink BioSciences, Inc. (OTCBB:GNLK)
announced today that Larry Oakley has posted his analysis of the recent
signing of a Letter of Intent between
GeneLink and Unicity NetworkÍ of Orem, Utah, one of the world's largest
Direct Selling companies with over 250,000 independent distributors.
Oakley comments , "...GeneLink's news release (4/18/2002) re: its
letter of intent with Unicity Network, is a clear indication
that customized personal care products are now a reality through
GNLK's breakthrough genetic profiling technology."
Further quotes, " Recent news releases by GeneLink indicate that
it also has the ability & has applied for patents in the areas
of nutrition, wellness, aging and obesity. The key to GNLK's
success will, in my opinion, be its distribution arrangements. Here's
how skin care products will be sold. The consumer will be offered
a tailored formula specifically created for them - the value proposition
is extraordinary and I expect the response will almost always be
yes".
"The consumer will utilize GNLK's patented DNA collection kit. By
simply swabbing the inner cheek of the mouth and sending the collected
sample to GNLK's labs, the consumer receives a customized skin care
formulation expressly prepared in accordance with their individual
DNA indications."
"GNLK is in an enviable position. It doesn't have to do the
selling. It doesn't have to invest in inventory because it
doesn't make the end products. It just supplies its collection
kits to the distribution company and does the computer profiling
analysis on the DNA results which are sent to GNLK - all at an attractive
profit".
"I interviewed GeneLink's CEO, John R. DePhillipo yesterday and
am impressed with the direction he is taking the Company. My
opinion - what GNLK is doing could take this stock to at least $10
and John DePhillipo says he expects revenue from licensed distributors
to begin in August 2002."
Click here for a complete copy of this
informative article.
About GeneLink BioSciences, Inc.: GNLK is positioned
to become a leading provider of genetic profiling technologies. It
developed a proprietary method for "genetic profiling" (patents pending)
and will begin licensing this breakthrough technology to companies
that market or manufacture products for the $100 billion plus nutraceutical,
skin care, wellness and weight-loss industries. GNLK has FDA
clearance and patent issued for its non-invasive DNA Collection Kit. Its
DNA bank is located at the University of North Texas Health Science
Center at Fort Worth, a 105 year old medical facility that guarantees
the DNA storage.
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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