GeneThera - CHANGING DIRECTIONS - an Update to Shareholders
03 11월 2008 - 10:30PM
PR Newswire (US)
WHEAT RIDGE, Colo., Nov. 3 /PRNewswire-FirstCall/ -- GeneThera,
Inc. (Pink Sheets: GTHR), As a service and responsibility to our
shareholders, GeneThera is publicly outlining our strategy for the
future of the company. GeneThera is making a pivotal shift from a
Research and Development organization into a product marketing and
revenue generating entity. The company strategy that we maintained
from inception to our recent reverse split (July, 2008) had been
one of research only. We focused all our energies, talent, and
resources to the incubation and growth of new ideas in the realm of
genetically engineered disease detection and vaccination. We feel
that with recent announcements the company is positioned to move
from a developmental stage to a product oriented stage RECENT
DEVELOPMENTS Our recent developments include the progress we are
making in regards to our Johne's Disease validation trials
scheduled to begin in collaboration with the Universidad National
Autonoma de Mexico, a prominent state university in Mexico City.
Our joint venture with Nutricion Avanzada, (the joint venture
created a new company Applied Genetics. Applied Genetics is the
marketing arm of GeneThera for the Mexican marketing of our Johne's
Disease testing service and subsequent Vaccine, (which is currently
under development) has been in contact with several major ranchers
throughout Mexico, and the overwhelming response from the ranchers
has been an outcry for help in detecting and eliminating Johne's
Disease which is running rampant in their herds. Government
approval and recommendation is expected to occur quickly once the
validation trials are complete. The validation trials should be
complete within 3-4 months from start. We will be conducting paid
testing on a limited basis during the validation trials. The recent
signing of our agreement with STC.UNM (the technology development
arm of The University of New Mexico) for the genetic vaccine they
have developed and patented for E.Coli 0157:h7 has thrust GeneThera
into the global spotlight. The vaccine acts on a genetic level to
inhibit the growth and shedding of the deadly E.Coli 0157:h7
bacteria from cattle. The vaccine has already passed initial animal
trials and is now set to enter the clinical trial phase. We are
currently seeking partnerships for the completion of the clinical
trials and subsequent taking of the finished vaccine to market. Due
to the specific genetic makeup of the vaccine, we expect the
clinical trials to be completed within 9-12 months from start. This
is 3 to 5 times faster than a standard vaccine might take.
GeneThera is working with The Goldsmith Group LLC for continued
improvement of the company image and support for its shareholders.
The Goldsmith Group is a private PR and Marketing firm whose
members have extensive experience in the managing and marketing of
both private and publicly traded firms throughout the US and
Canada. They have been charged with improving the company website,
creating new marketing and information materials for shareholders
and partners, and presenting our company to a new group of
potential shareholders. Comments from our Chairman GeneThera
Chairman and CEO, DR. Tony Milici MD, PHD had this to say about the
company's new direction; "We are very excited about all of the
recent developments that have occurred at GeneThera. After all the
time, energy, and money we have spent on development of new
molecular assays and genetic vaccine research, it is very
fulfilling to finally see the company making the turn to become a
true revenue generating organization. We tip our hats and thank our
shareholders for their support through those years of no dividends.
We expect the entire outlook for the company and its shareholders
to change in the very near future." Dr. Milici went on to state ...
"We are now ready to start the validation trials for our Johne's
Disease test in Mexico. We have received verbal commitments from
many ranchers to test their entire herds already. The Johne's
Disease issue is a very serious matter and these ranchers need our
help. On the matter of the E.Coli 0157:h7 vaccine, we are most
honored and flattered that the University of New Mexico chose us to
complete the development and trials of their vaccine as well as
bringing it to market. Dr. Boedeker and Dr. Zhu have done an
excellent job creating a vaccine that has the ability to completely
change the way we look at our food supply and the dangerous E.Coli
bacteria. We do not expect to have any delays in starting the
clinical trials or bringing the finished vaccine to market." With
the change coming in the Presidential administration, GeneThera
expects many of the previous testing requirements that had been
considered by our government to be re-instated. This will only
serve to better the position of GeneThera and its shareholders, as
we have several testing methods to detect such pathogens as Mad Cow
Disease, CWD, Johne's Disease, E.Coli 0157:h7, and others. These
are all pathogens that have a serious affect on our food supply
from both a safety and an economic standpoint. If/when testing for
these pathogens becomes mandatory; GeneThera will already be in a
position to capitalize on them. In conclusion, we at GeneThera want
to once again thank our loyal shareholders for their continued
support. We encourage you to contact us for more details on our
plans and expectations for the future. About Johne's Disease
Johne's (pronounced "Yo-nees") disease is a contagious bacterial
disease of the intestinal tract. A German veterinarian first
described the disease in a dairy cow in 1895; his name is used as
the common name for the disease. The disease is also called
paratuberculosis. Visit the history page for detailed information.
Johne's disease occurs in a wide variety of animals, but most often
in ruminants. Ruminants are hoofed mammals that chew their cud and
have a four-chambered stomach. Some of the more common ruminants
are: cattle, sheep, goats, deer, antelope, and bison. Johne's
disease has been reported in all of these animals but is most
commonly seen in dairy cattle. The result most commonly reported
from infected cattle is a serious decline in herd milk production.
The animal develops uncontrolled diarrhea and slowly wastes away to
a point of death. The U.S. rate of dairy herd infection is similar
to that reported in other countries using similar tests:
Netherlands (55%), Belgium (22%), Austria (7%), England and Wales
(17%), Denmark (47%), New Zealand (60%) and the state of Victoria
in Australia (22%). The herd infection rate in U.S. beef cattle is
lower although not many surveys have been reported. A 1997 survey
found that: 7.8% of beef herds were infected using the same survey
methods as for dairy cattle. Infection rates in beef cattle a most
likely lower than in dairy cattle due to differences in animal
husbandry practices. About E.Coli 057.h7 There are a variety of
Escherichia coli bacteria present in nature. They are usually found
in the intestines of healthy humans and healthy animals. Even
though these bacteria offer beneficial properties, there are those
variations, or strains that are pathogenic (have the ability to
cause disease). Escherichia coli 0157:H7 is one particular strain
that is "... an emerging cause of food borne illness ..." Symptoms
such as bloody diarrhea and abdominal cramps may be observed or no
such symptoms may appear. The elderly and children under five years
old are highly susceptible to Hemolytic Uremic Syndrome, a disease
in which red blood cells are destroyed and kidneys fail. According
to the CDC " ... there may be about 70,000 infections with E. coli
O157 each year in the United States. We can only estimate because
we know that many infected people do not seek medical care, many do
not submit a stool specimen for testing, and many labs do not test
for STEC. The bacteria that make these toxins are called 'Shiga
toxin producing' E. coli, or STEC for short." Shiga toxin is one of
the most potent toxins known to man, so much so that the Centers
for Disease Control and Prevention (CDC) lists it as a potential
bioterrorist agent (CDC, n.d.). ABOUT GENETHERA, INC. GeneThera,
Inc., is a molecular biotechnology company located in Wheat Ridge,
Colorado. The Company provides genetic diagnostic solutions for the
veterinary and agricultural industries with future plans to include
the healthcare industry. The Company's proprietary diagnostic
solution is based on a genetic expression assay, GES(TM), a
protocol designed to function on a highly automated Fluorogenic PCR
platform. This platform enables GeneThera to offer tests that are
presently not available from other technologies. The GES is
designed for a host of individual diseases, the current priorities
being Mad Cow disease, Chronic Wasting Disease, E. coli 0157:H7 and
Johne's disease, all diseases affecting cattle worldwide. For more
information, contact Dr. Tony Milici at 303-463-6371 or Al
Goldsmith of The Goldsmith Group LLC at 303-838-4370. This press
release contains forward-looking statements, which are made
pursuant to the Safe-Harbor provisions of the Private Securities
Litigation Reform Act of 1995. Words such as "intends," "believes,"
and similar expressions reflecting something other than historical
fact are intended to identify forward-looking statements, but are
not the exclusive means of identifying such statements. These
forward-looking statements involve a number of risks and
uncertainties, including the timely development and market
acceptance of products and technologies, the ability to secure
additional sources of finance, the ability to reduce operating
expenses, and other factors described in the Company's filings with
the Securities and Exchange Commission. The actual results that the
Company achieves may differ materially from any forward-looking
statement due to such risks and uncertainties. The Company
undertakes no obligation to revise or update any forward-looking
statements in order to reflect events or circumstances that may
arise after the date of this release. Dr. Tony Milici 303-463-6371
Goldsmith Group 303-838-4370 JR Dopkin & Associates
516-884-3200 DATASOURCE: GeneThera, Inc. CONTACT: Dr. Tony Milici
of GeneThera, Inc., +1-303-463-6371; or Al Goldsmith of The
Goldsmith Group LLC, +1-303-838-4370; or JR Dopkin &
Associates, +1-516-884-3200, both for GeneThera, Inc.
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