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GENELINK SIGNS LETTER OF INTENT FOR LICENSING AGREEMENT WITH MEDQUEST PHARMACY
July 8, 2002

Margate, NJ-(BUSINESS WIRE) - July 8, 2002 - GeneLink BioSciences, Inc. (OTCBB:GNLK) announced today that it has signed a letter of intent with MedQuest Pharmacy of Midvale, Utah, to enter into a licensing agreement for GeneLink's genetic profiling technology for nutritional supplements and skin-care products. This licensing agreement would allow MedQuest Pharmacy to utilize GeneLink's patented DNA Collection Kit® and genetic profiling technologies to provide its physician network with an innovative line of personalized skin care and nutritional products. Further details were not disclosed. 

MedQuest Pharmacy is a leading "compounding pharmacy" providing health care practitioners with state-of-the-art diagnostic services, customized pharmaceuticals, and nutraceutical products. MedQuest serves a growing base of over 1,500 active healthcare professionals with 20,000 patients by blending time-honored, individual formulation techniques with modern medical knowledge and quality control. 

"MedQuest has maintained a sharp focus on utilizing customization to support preventive health care and longevity medicine", says John R. DePhillipo, Chairman/CEO of GeneLink. "GeneLink and MedQuest is an ideal association as we begin to offer the benefits of nutragenetic and dermagenetic profiling to health care professionals and their patients." 

"We are very pleased to be associated with GeneLink and expect to have our agreement finalized and initial order placed in the next week," says Jacque Bray, CEO of MedQuest. "We anticipate making this exciting technology and accompanying products available to our physician network both nationally and internationally on August 1st". 

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 nutragenetic and dermagenetic 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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