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Generex Provides Update on Spinout of Antigen Express
Date:9/15/2011

-looking statement.  Risks and uncertainties relating to the proposed activities and transactions discussed in this press release include the risks that: (1) No transaction will be effected between Antigen and the prospective merger partner; (2) Antigen will not be successful in raising sufficient capital to carry out its business plans; (3) Antigen will not meet the standards for listing its common stock on a national stock exchange; (4) the anticipated benefits of the contemplated merger will not be realized; and (5) Generex will be required to cede more ownership of Antigen to new investors than currently planned.  No forward-looking statement is a guarantee of future results or events, and one should avoid placing undue reliance on such statements.  Generex undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.  Generex cannot be sure when or if it will be permitted by regulatory agencies to undertake additional clinical trials or to commence any particular phase of clinical trials.  Because of this, statements regarding the expected timing of clinical trials or ultimate regulatory approval cannot be regarded as actual predictions of when Generex will obtain regulatory approval for any "phase" of clinical trials or when it will obtain ultimate regulatory approval by a particular regulatory agency.  Generex claims the protection of the safe harbor for forward-looking statements that is contained in the Private Securities Litigation Reform Act.


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