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GeneLink Reports 2012 Financial Results
Date:4/4/2013

rrent marketing partners – ForU and geneME - will be successful in selling GeneLink's unique and innovative approach to wellness through genetic customization, and that the GeneLink approach to personalized products will be revolutionary for both the nutritional and skin care industries.  Due to the change in our business model as well as the reorganization of our operating infrastructure, the Company has been able to reduce its recurring monthly operating expenses by over 50% while – at the same time – paying down payables and opening our own internal manufacturing facility.  These are, of course, important and necessary achievements towards our goal of profitability and financial stability."

"Looking forward," continued Dr. Kasten, "we hope to enter into additional licensing agreements both in the US and internationally.  It is obvious that the advances in genomics and the interest in personalized products is a rapidly developing global phenomenon. GeneLink, as the early mover is in a strong position to deliver into that interest.  In addition, GeneLink plans to pursue distribution of its high end nutritional and skin care products through the medical practitioner channel. 

"With new and reinvigorated marketing partners, as well as fresh products and market opportunities, GeneLink believes 2013 offers new opportunities for growth in the consumer rapidly maturing genomics marketplace."

Dr. Kasten added, "In a development which should not be overlooked, GeneLink completed over 18 months of cooperation with the Federal Trade Commission (the "Commission") when it entered into a proposed Consent Agreement with the staff of the Commission.  The tentative agreement, which awaits final approval by the Commissioners, does not provide for any financial obligations by the Company and provides us with useful guidance moving forward.  To the best of our knowledge, GeneLink is the first consumer genetics
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SOURCE GeneLink, Inc.
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