GENELINK GETS STRONG BUY FROM LARRY OAKLEY
June 11, 2003
MARGATE, NJ – (Business Wire) – June 12, 2003– GeneLink BioSciences, Inc. (GNLK:BB) announced it received a solid “buy” from Larry
Oakley, in his “Opinion” editorial column at www.WallStreetCorner.com.
Oakley reported on the company’s released news that the U.S. Patent & Trademark
Office formally published the second of GeneLink’s patent applications
relating to methods of assessing oxidative stress for skin health by analyzing
genetic polymorphisms. Filed on September 20, 2002, U.S. Patent Application
No. 10/247,935 can be reviewed at the following World Wide Web URL:
http://appft1.uspto.gov/netahtml/PTO/srchnum.html and
entering the number: 20030073612
Current Opinion:
Date Posted: 06/11/03 12:00:00 AM
GeneLink BioSciences, Inc. (OTC BB/GNLK)
Substantially Undervalued
GNLK announced 6/4/2003 that the U.S. Patent & Trademark Office
formally published the second of GeneLink's patent applications relating
to methods of assessing oxidative stress for skin health by analyzing
genetic polymorphisms.
GNLK, with this application & its previous patent application,
is at least two years ahead in the science of its proprietary genetic
profile assessment technology for skin care applications.
That makes this situation substantially undervalued in my opinion.
It closed at $0.52 last evening (6/10/2003). Assuming it is successful
in achieving the next stage of its planned evolution, I believe it
has the potential to make a quantum jump -- I would not be surprised
to see a ten-fold move when that happens -- more on that below.
The Patent Application Milestone
This event is a milestone because when the Patent Office publishes
a patent application, it means that they are involved in their investigation
-- that's a very good sign. In addition, assuming the patent is issued,
the company applying for the patent has provisional patent rights
beginning with the date the Patent Office publishes that application.
GNLK's patent application can be reviewed at:
http://appft1.uspto.gov/netahtml/PTO/srchnum.html ---
When it comes up, enter the number: 20030073612.
GeneLink's Proprietary Science
GeneLink's proprietary test for the assessment of oxidative stress
genes is used to genetically predict an individual's risk for skin
aging. It has a significant application in the skin care industry.
The use of antioxidant genetic information is a remarkable tool to
combat skin aging as it can help individuals improve their skin condition & achieve
younger looking skin.
GeneLink's genetic assessments for customized skin care & vitamins
were featured on ABC's "The View" on 5/5/2003. A summary
of the show's segment can reviewed at:
http://abc.abcnews.go.com/daytime/theview/episodes/2003/20030505.html
GeneLink's Licensing Program
GeneLink is licensing its proprietary assessments to companies that
manufacture or market to the $100 Billion plus personal care, nutritional
supplement, & skin care industries. These profile assessments
are tools to help companies create & deliver more effective products
B- personalized wellness & "quality of life" products
tailored to their customer's individual needs -B based on the science
of genetics. Consumers will no longer be forced to guess what nutritional
supplements or skin care products are best for their specific needs.
For the first time, simply by swabbing the inside of the mouth with
GeneLink's patented DNA Collection Kit(R), consumers can now enjoy
the benefits of a tailored nutritional or skin care regimen designed
to their individual needs.
That Next Stage of GNLK's Planned Evolution
GNLK has a real head start in its science. It has already licensed
smaller situations that are beginning to contribute revenue -- a
good start. Its next stage will begin when it licenses a major partner
-- one that controls a large market share in the skin care industry.
I recently noted that another company with a skin care genetic approach
that in my opinion is two years behind GNLK in its science, sold
a piece of its company to a consumer marketing organization for $7
million cash plus other benefits. When that occurred, that company's
share price jumped from where GNLK is now to well over $2 -- where
I believe GNLK will be when it finds its major partner. Incidentally,
I believe there is adequate room for several players because of the
huge market potential in this industry.
GNLK is actively pursuing an association with such major partner
candidates, so I suggest you watch this situation closely. If you
do not have the time to do that type of close watching, I suggest
that you consider taking a modest position while the price is near
its present level. I also suggest that you buy for the long term,
because in my opinion, GNLK's next stage has an excellent chance
of coming to fruition.
I like this situation so much that I invited GNLK to come aboard as a participant
here at WallStreetCorner -- management accepted my invitation, so we will be
preparing a profile on this situation in the near future.
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
the 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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