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GENELINK CONCLUDES LICENSING & DISTRIBUTION AGREEMENT WITH MEDQUEST
PHARMACY
July 25, 2002
Margate, NJ-(BUSINESS WIRE) - July 25, 2002- GeneLink BioSciences, Inc. (OTCBB:GNLK)
announced today that it has completed its Licensing & Distribution
Agreement with MedQuest Pharmacy of Midvale, Utah, to utilize GeneLink's
genetic profiling technology for customization of nutritional supplements
and skin-care products. MedQuest has placed its initial order for GeneLink's
profiling assessment kits for August, 2002 delivery. Revenue will commence
simultaneously.
MedQuest Pharmacy will 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. "GeneLink's
cutting edge proprietary profiling and analysis technology is a perfect
fit with MedQuest's sharp focus on 'customization to support preventive
health care and longevity medicine'. MedQuest will begin offering these
products to its physician network beginning in August", says John R. DePhillipo,
Chairman/CEO of GeneLink.
MedQuest Pharmacy, a leading "compounding pharmacy," provides 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 over 20,000
patients by blending time-honored, individual formulation techniques
with modern medical knowledge and quality control.
"We are delighted to have the opportunity to link two companies
well versed in predicting, personalizing, and preventing many age-related
complications", says Jacque Bray, CEO of MedQuest. "I believe that
MedQuest Pharmacy and GeneLink are the perfect formula for a lucrative
and leading undertaking. Our physician network is eagerly anticipating
the launch of these important products."
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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