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GENELINK ANNOUNCES AGREEMENT WITH META PHARMACEUTICALS, LLC
November
29, 2001
Margate, NJ-(BUSINESS WIRE)-November 29, 2001 - GeneLink BioSciences, Inc. (OTC:BB),
a Bioscience Company and The World's First Family Centered DNA Bank and
Hereditary Genetic Information Service announced today that it has entered
into an agreement with Meta Pharmaceutical Services, LLC, to provide database
management services for GeneLink's genetic profiling and DNA banking services.
Under the terms of the agreement, Meta Pharmaceutical will manage all database
functions related to GeneLink's SNPs based Nutragenetic and Dermagenetic
programs. Further details of the agreement were not disclosed.
"Meta Pharmaceutical Services is a leading provider of data processing,
data collection, tele-services and direct mail services to the health care
and pharmaceutical industry", says John R. DePhillipo, CEO of GeneLink. "Their
high-level customer service solutions will enable GeneLink to deliver its
products on a worldwide basis. GeneLink is now totally in place to deliver
its genetic profiling products worldwide to large volume customers."
"GeneLink has developed an exciting new category of genomic based
products and services," says Charles Gross, of Meta Pharmaceutical. "We
recognize the vast commercial possibilities and are excited to help
play a part in bringing these innovative products to the end consumer."
GeneLink BioSciences, Inc., a pioneer DNA banking and hereditary genetic information
service, is a leader in confidential collection, handling and banking
of DNA. GeneLink recently developed a proprietary method for "genetic
profiling" (patents pending). For the first time, by using a simple
mouth swab and sending the collected sample to GeneLink's laboratories,
consumers can have a nutritional or skin care formulation specifically
designed to match their unique genetic profile.
"We are currently negotiating marketing agreements with some of
the world's largest distributors of nutritional, skin-care, wellness
and anti-aging products to bring consumers an exciting new generation
of highly effective, personalized products", says DePhillipo. GeneLink
will utilize its recently patented DNA Collection Kit' as the sample
collection system for all its genetic profiling activities. Revenues
from the genetic profiling systems and ongoing royalties from product
sales are expected to begin in the first quarter of 2002.
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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