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GeneLink BioSciences, Inc. AND ARCH UNIT ANNOUNCE COLLABORATIVE AGREEMENT TO DEVELOPE
INNOVATIVE PERSONAL CARE PRODUCTS BASED ON GENETIC PROFILING TECHNOLOGIES
September
19, 2001
MARGATE, NJ - (Business Wire) - September 19, 2001- GeneLink BioSciences, Inc. (OTCBB:GNLK)
The World's First Family Centered DNA Bank and Hereditary Genetic Information
Service, and Arch Personal Care Products L.P. of South Plainfield, NJ,
a unit of Arch Chemicals, Inc. (NYSE: ARJ) today announced that they have
entered into a collaborative agreement to create an innovative category
of products for the personal care and cosmetics industry.
The collaborative effort will focus on developing products with unique
active ingredients that help alleviate specific oxidative stress deficiencies
in the skin - deficiencies that can be quickly determined by GeneLink's
new single nucleotide polymorphism (SNPs based) genetic profiling methodologies.
For the first time, simply by swabbing the inside of one's mouth
and sending the collected sample to GeneLink's laboratories, a person
can have a skin or personal care formulation specifically designed
to compensate for associated deficiencies.
"We are privileged and excited to begin working with Arch Personal
Care Products," adds John DePhillipo, CEO of GeneLink. "Together
we expect to advance the science of personal care and anticipate
new products could be ready for worldwide distribution in the early
part of 2002."
"Arch is pleased to begin this collaborative development effort
with GeneLink," stated Andy Banham, Arch's Vice President of Personal
Care Sales. "We are committed to providing our customers with cosmetic
and personal care ingredients that are state-of-the-art and are backed
by solid, scientific evidence supporting our claims of functionality
and effectiveness."
Arch Personal Care Products, L.P., a business unit with Arch's Treatment
Products business segment, sells a variety of unique products to
businesses in the cosmetics and toiletries arena, an approximately
$40 billion US retail market (May 14, 2001 Chemical Market Reporter).
Arch Personal Care Products, which was formed following Arch's acquisition
of Brooks Industries in December, 2000, sells active ingredients
such as anti-dandruff agents, live yeast cell derivatives, plant-based
proteins and natural botanicals, anti-oxidants, functional silicone
ingredients and various cosmetic delivery vehicle technologies, including
liposomes and UV crosslinked polymeric matrices. These products are
sold into both the skin and hair care segments of the cosmetic and
toiletries industry.
Arch Chemicals, Inc., with sales of approximately $1 billion, is
a global specialty chemicals company with leadership positions in
four core segments - Microelectronic Materials, HTH Water Products,
Treatment Products and Performance Products. Arch Chemicals serves
world leaders in these markets with forward-looking solutions to
meet their chemical needs, employing a global workforce and manufacturing
facilities in North America, South America, Europe, Asia and Africa.
Forward-Looking Statements: This news
release contains certain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995,
which provides a new "safe harbor" for these types of statements.
SOURCE: GeneLink BioSciences, Inc.
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