GeneLink Gets Strong Buy Recommendation from
Kon-Lin Research Group
June 5, 2002
Margate, NJ -(Business Wire)-June 5, 2002- GeneLink BioSciences, Inc. (OTCBB: GNLK),
announced today that the company has received a strong financial review
in the Konlin Letter, a monthly financial letter published by Kon-Lin Research & Analysis
Corp. of Rocky Point, N.Y. The following are several quotes, " GNLKs patented
DNA Collection System is the foundation for all of its assessments. GNLK
has the only patented, FDA reviewed, non-invasive, self administered DNA
collection system available today."
"GNLK recently created a break through methodology for SNPs based
(Single Nucleotide Polymorphisms) genetic profiling, offering four
proprietary new SNPs based assessments: Oxidative Stress (disease
and aging), Susceptibility to skin aging, Obesity Susceptibility,
and Osteoporosis Susceptibility"
"As GNLK turns the corner to commercialization, we expect to see
a revenue stream with profitability in the not too distant future".
The letter concludes, "GNLK's proprietary revolutionary genetic
assessment products positions GNLK for an explosion in revenues and
earnings. First objective $1.75. Ultimate target $4.50 -5.00".
The GeneLink portion of the Konlin Letter from which these quotes
are extracted will be found in its entirety on the GeneLink website
at: www.genelink.info.
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 break through 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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