GeneNews restructures operations (rth American sources on thecommercializa...)

GeneNews restructures operations

Date:11/12/2008

rth American sources on the commercialization of our lead ColonSentry(TM) product in Canada and the U.S. As we roll out our test in additional regions in Canada and prepare for its commercial launch in the U.S. in the second half of 2009, we believe that a leaner and more focused organization will provide a significant strategic advantage to GeneNews."

The Company will maintain its global headquarters in Canada where it will focus on Canadian marketing activities and development of a U.S. marketing and reimbursement strategy for the ColonSentry(TM) test. GeneNews will continue development and validation of the ColonSentry(TM) test to support a CLIA submission and the operation of a centralized clinical reference laboratory to serve the North American market from its global headquarters. Scientific leadership and direction for research and development activities that will be pursued by the Company's Asian facilities and the development of a strategy to create a personalized health management system based on the Sentinel Principle(TM) will also be managed in the Company's global headquarters.

About GeneNews

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GeneNews is focused on the application of functional genomics to enable early diagnosis and personalized therapeutic intervention based on disease-specific biomarkers. The Company has developed a novel approach, the Sentinel Principle(TM), to detect and stage virtually any disease or medical condition from a simple blood sample. GeneNews is currently applying the Sentinel Principle(TM) in major areas with unmet clinical needs such as cancer, arthritis, cardiovascular disease and neurological disorders. For more information on GeneNews, visit http://www.genenews.com.

This press release contains forward-looking statements, which reflect the Company's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Act
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GeneNews restructures operations(rth American sources on thecommercializa...)