QuikByte Software, Inc. and Sorrento Therapeutics, Inc. Announce Merger... (or to be appointed by QuikByte. Dr. Schu...)

QuikByte Software, Inc. and Sorrento Therapeutics, Inc. Announce Merger Agreement

Date:7/14/2009

or to be appointed by QuikByte. Dr. Schuh, a certified pharmacist who holds a Ph.D. degree in medicinal chemistry, will be the CEO of the company following the merger. Dr. Henry Ji, the sole inventor of the Sorrento technology who holds a Ph.D. in Animal Physiology and is the Chief Scientific Officer of Sorrento Therapeutics, will be the Chief Scientific Officer of the company following the merger.

Dr. Schuh commented, "Sorrento Therapeutics is excited to join with QuikByte as we develop and commercialize our proprietary technology for the generation of fully human monoclonal antibodies."

Glenn L. Halpryn stated "We are pleased that QuikByte has this opportunity to enter into the growing pharmaceutical field of human antibodies with an experienced team led by Drs. Schuh and Ji."

About Sorrento Therapeutics, Inc.

Sorrento Therapeutics, Inc. provides a broad, generally applicable platform for the generation of fully human monoclonal antibodies based on its proprietary technology. Sorrento intends to become a leading technology provider and developer of fully human monoclonal antibodies for research, diagnostic and therapeutic use.

About QuikByte Software, Inc.

QuikByte Software, Inc. is a publicly traded company with no active operations.

This press release contains "forward-looking statements," as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning, including statements regarding expectations, beliefs or intentions regarding our business, technologies and products, financial condition, strategies or prospects, the merger and the other transactions contemplated by the merger ag
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