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Generex Biotechnology Provides a Corporate Update to Address Management's Strategic Initiatives for Growth
Date:10/5/2010

our board of directors, our in-house scientific team, our scientific and business development advisors, and everyone associated with our Company, we are well-positioned for, and more focused than ever on, achieving our goals.  

As I am sure you are aware, we are at a pivotal point in our Company's history and you are faced with an important decision.  The price of our common stock is below $1 per share and we face an imminent NASDAQ delisting should our shareholders elect to vote down a proposed reverse stock split.  While I fully understand the reservations you may have regarding this proposal and we will continue with our business development strategies without regard to your final decision, management believes that it is in the best interest of our Company and its shareholders to approve the proposal.  We believe that by maintaining the NASDAQ listing we will be better able to attract top caliber talent to our Company as well as maintain a stronger standing in the business and financial community.  We intend to communicate further on this subject prior to October 15th as we work to position Generex for the future.

In closing, I would once again like to emphasize that each and every employee and all those associated with Generex are dedicated to achieving success.  As we forge ahead, I intend to make every effort to guide us toward our promising future.  Generex is a company rich in intellectual properties, technologies, and talent, with tremendous growth potential, and together we will realize that potential for the benefit of our Company and its shareholders.

About Generex Biotechnology Corporation

Generex is engaged in the research, development and commercialization of drug delivery systems and technologies.  Generex has developed a proprietary platform technology for the delivery of drugs into the human body through the oral cavity (with no deposit in the lungs).  The Company's pr
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