John A. Webb, GeneLink's, CFO added: "Financially, the pending sale of GeneWize has provided an attractive way to expand our operating infrastructure in support of our distribution partners. In each relationship, our partners will be selling services and products purchased from GeneLink. This business model is designed to allow GeneLink to sell more products, at stronger margins, with reduced overhead. It also allows management and our renowned Scientific Advisory Board to extend GeneLink's position as a consumer genomics leader through focused efforts in developing new and innovative assessments, products, and customization methodologies."
Dr. Kasten concluded, "The short term future of GeneLink is more promising than at any time in the history of this Company. We at GeneLink intend to remain a leader in the burgeoning field of personalized consumer genetics for years to come."
About GeneLink Biosciences, Inc.:
GeneLink is a 17-year old leading biosciences company specializing in consumer genomics. GeneLink's patented technologies include proprietary DNA assessments linked to personalized nutrition, skincare and wellness applications and products. For more information visit www.genelinkbio.com.
This 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. GeneLink disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future developmen
|SOURCE GeneLink, Inc.|
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