Capsalus Corp. Announces Agreement to Buy GeneWize Life Sciences, Inc.
2011年10月14日 - 10:00PM
ビジネスワイヤ(英語)
Capsalus Corp. (OTCBB:WELL), a public company operating in the
health and wellness space, has finalized the definitive agreement
with leading biosciences company GeneLink Biosciences, Inc.
(OTCBB:GNLK) to acquire 100% of the stock of its wholly owned
direct-selling subsidiary GeneWize Life Sciences, Inc., pending
GeneLink shareholder approval and other related terms. The deal,
Capsalus’ third in less than a year, will provide immediate
revenues.
Noteworthy investors backing Capsalus in financing the
transaction include New York-based asset management firm, Wharton
Equity Partners, as well as former National Football League
quarterbacks Bernie Kosar and Gary Danielson. With their collective
participation, Capsalus plans to bring not only financial support
to GeneWize, but also hands-on operational expertise and strategic
development opportunities.
From the outset, GeneWize is expected to be a key driver in
significantly enhancing Capsalus shareholder value in the near
term. Earning distinction as the first network sales company to
focus on providing individually customized nutritional formulations
based on a consumer's personal DNA assessment, GeneWize generated
more than $25 million in revenues over the past three years.
The deal secures Capsalus’ stake in the combined $20
billion market of skin care, weight management and wellness
supplements in the U.S. What’s more, the relationship with GeneWize
adds to Capsalus’ track record of sourcing opportunities and
consummating investments in promising developing stage enterprises
offering innovative products and services in fast-growing segments
of the wellness sector.
“Over the course of finalizing this deal and ramping up
operating plans, we have been impressed by the leadership of
GeneWize President Sharon Tahaney and her team,” said Capsalus
interim CEO Steven M. Grubner. “Considering their current
outstanding performance in the market combined with our operating
capabilities, professional resources and financial support, we are
already off to a great start in paving a clear path for rapid
expansion.”
Added GeneWize’s Tahaney, “What we had hoped for when we
embarked on this exploration is being realized in terms of overall
business optimization potential. With this deal we are bringing
together extraordinary science and business expertise to take our
company to the next level through a distinctly robust strategy
combining consumer genetics with social marketing.”
GeneWize is a significant addition to the family of Capsalus’
companies across the consumer products, media and technology,
biotechnology and healthcare industry spectrum, including Wish Upon
a Hero, the world’s largest online social helping network,
connecting people in need with people who can help; Guava
Healthcare, specializing in customized in-home, non-medical and
medical staffing and services to clients across the age spectrum,
listed among Entrepreneur's “Franchise 500” this year and last;
White Hat Brands, an emerging player in the branded consumer
products market; and PanTheryx, creating and selling
biologics, pharmaceuticals and medical products to the expanding
healthcare professional market in India.
For more information about Capsalus, contact 888-400-7179, or
visit www.capsalus.com.
Capsalus Corp. (www.capsalus.com) is a public company
that partners with and acquires visionary enterprises in the health
and wellness space producing progressive, broad-based solutions for
better physical, nutritional and emotional health worldwide.
Capsalus, which derives its name from “Salus,” the Roman goddess of
health and prosperity, works with companies in varying stages of
development, from consumer products to media and technology and
biotechnology. It provides operating infrastructure, strategic
pathways and financial support to get them to the mass market
quickly and efficiently.
GeneLink Biosciences, Inc. (www.genelinkbio.com) is a
17-year old leading biosciences company specializing in consumer
genomics. GeneLink’s patented technologies include proprietary DNA
test assessments linked to personalized health, beauty and wellness
applications and products. Its DNA assessments provide information
that enables the customization of nutritional and skincare products
designed and manufactured to fulfill each individual consumer’s
wellness needs.
GeneWize Life Sciences, Inc. (www.genewize.com) is a
beauty and wellness network marketing DNA customized nutritional
supplements, skin care and gene modulating weight management
products through self-directed businesses. Its LifeMap Nutrition
System™, Healthy Aging Assessment™ and LifeMap Skin Care System™
offer a revolutionary new scientific approach to delivering
formulations that truly address individual needs based on a
consumer’s personal genetic assessment. GeneWize is committed to
delivering the highest quality, scientifically proven health,
beauty and wellness products. The company’s mission is to empower
individuals to take personal responsibility and control of their
health.
Forward-looking Statements
This news release may contain “Forward-looking Statements”
within the meaning of Section 21E of the United States Securities
Exchange Act, as amended. All statements in this news release,
other than statements of historical fact, are forward-looking
statements that involve various risks and uncertainties. There can
be no assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those
anticipated in such statements. This notice expressly qualifies all
forward-looking statements in this news release.
GeneLink (CE) (USOTC:GNLKQ)
過去 株価チャート
から 12 2024 まで 1 2025
GeneLink (CE) (USOTC:GNLKQ)
過去 株価チャート
から 1 2024 まで 1 2025