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Generex Announces $3.0 Million Capital Investment
Date:1/25/2011

per share of common stock less than the exercise price then in effect, the exercise price will be reduced to the effective price of the new issuance.  In addition, with any reduction to the exercise price, the number of shares of common stock that may be purchased upon exercise of each warrant will be increased or decreased proportionately, so that after such adjustment the aggregate warrant exercise price payable for the adjusted number of shares issuable upon exercise will be the same as the aggregate warrant exercise price in effect immediately prior to such adjustment.

Generex intends to use the net proceeds from the offering for general corporate purposes which will include, inter alia, funding research and development, preclinical and clinical trials, the preparation and filing of new drug applications, and general working capital.

The closing of the offering is expected to take place on or about January 25, 2011, subject to the satisfaction of customary closing conditions.

Seahawk Capital Partners, Inc. was paid a finders' fee by the Company in connection with this offering.

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any offer or sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.  Generex is offering these securities pursuant to an effective shelf registration statement and only by prospectus.  Copies of the final prospectus supplement in respect of the offering, together with the accompanying base prospectus, can be obtained at the Securities and Exchange Commission's website at http://www.sec.gov.

About Generex Biotechnology Corporation

Generex is engaged in the research, development, and commercialization of drug delivery
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SOURCE Generex Biotechnology Corporation
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