Senesco Technologies, Inc. Announces Management Change
February 04 2010 - 8:00AM
PR Newswire (US)
NEW BRUNSWICK, N.J., Feb. 4 /PRNewswire-FirstCall/ -- Senesco
Technologies, Inc. ("Senesco" or the "Company") (NYSE Amex: SNT),
today announced that, on February 1, 2010, Sascha P. Fedyszyn
resigned from his position as the Company's Vice President of
Corporate Development and Secretary to pursue other interests. The
Company's current President and Chief Executive Officer, Jack Van
Hulst, will assume Mr. Fedyszyn's responsibilities and serve as the
Company's Secretary. Additional details regarding the foregoing are
disclosed on the Company's Form 8-K filed today. About Senesco
Technologies, Inc. Senesco Technologies, Inc. is a U.S.
biotechnology company, headquartered in New Brunswick, NJ. Senesco
has initiated preclinical research to trigger or delay cell death
in mammals (apoptosis) to determine if the technology is applicable
in human medicine. Accelerating apoptosis may have applications to
development of cancer treatments. Delaying apoptosis may have
applications to certain inflammatory and ischemic diseases. Senesco
takes its name from the scientific term for the aging of plant
cells: senescence. Delaying cell breakdown in plants extends
freshness after harvesting, while increasing crop yields, plant
size and resistance to environmental stress. The Company believes
that its technology can be used to develop superior strains of
crops without any modification other than delaying natural plant
senescence. Senesco has partnered with leading-edge companies
engaged in agricultural biotechnology and earns research and
development fees for applying its gene-regulating platform
technology to enhance its partners' products. Certain statements
included in this press release are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Actual results could differ materially from such
statements expressed or implied herein as a result of a variety of
factors, including, but not limited to: the ability to successfully
transition to new management; the ability of the Company to
consummate additional financings; the development of the Company's
gene technology; the approval of the Company's patent applications;
the successful implementation of the Company's research and
development programs and joint ventures; the success of the
Company's license agreements; the acceptance by the market of the
Company's products; success of the Company's preliminary studies
and preclinical research; competition and the timing of projects
and trends in future operating performance, as well as other
factors expressed from time to time in the Company's periodic
filings with the Securities and Exchange Commission (the "SEC"). As
a result, this press release should be read in conjunction with the
Company's periodic filings with the SEC. The forward-looking
statements contained herein are made only as of the date of this
press release, and the Company undertakes no obligation to publicly
update such forward-looking statements to reflect subsequent events
or circumstances. Company Contact: Investor Relations Contact:
---------------- --------------------------- Senesco Technologies,
Inc. FD Jack Van Hulst Brian Ritchie President and Chief Executive
Officer () () (212) 850-5600 (732) 296-8400 DATASOURCE: Senesco
Technologies, Inc. CONTACT: Company Contact: Jack Van Hulst,
President and Chief Executive Officer of Senesco Technologies,
Inc., +1-732-296-8400, ; or Investor Relations Contact: Brian
Ritchie of FD, +1-212-850-5600, Web Site: http://www.senesco.com/
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