Capsalus Corp. Completes Purchase of GeneWize Life Sciences, Inc.
February 16 2012 - 1:37PM
Business Wire
Capsalus Corp. (OTCBB:WELL) has completed the acquisition of the
stock of GeneWize Life Sciences, Inc., the wholly-owned
direct-selling subsidiary of GeneLink Biosciences, Inc.
(OTCBB:GNLK), a leader in consumer genomics. The deal will provide
immediate revenues.
Noteworthy participants in this transaction included Fidelity
Holdings, Inc., Wharton Equity Partners, and Gene Elite, LLC, a
private investor consortium. With their collective involvement,
Capsalus plans to bring not only financial support to GeneWize, but
also hands-on operational expertise and strategic development
opportunities.
Earning the distinction as the first network sales company to
focus on providing individually customized nutritional formulations
based on a consumer's personal DNA assessment, GeneWize secures
Capsalus’ stake in the combined $20 billion market of skin
care, weight management and wellness supplements in the U.S.
From the outset, GeneWize is expected to be a key driver in
significantly enhancing Capsalus shareholder value in the near
term. What’s more, the acquisition of GeneWize adds to Capsalus’
track record of sourcing opportunities and consummating investments
in promising enterprises offering innovative products and services
in fast-growing segments of the health and wellness sectors.
“Considering their current outstanding performance in the market
combined with our operating capabilities, professional resources
and financial support, we are well-positioned for rapid expansion,”
said Steven M. Grubner, interim CEO of Capsalus, which provides
operating infrastructure, strategic pathways and financial support
to developing visionary partners in the health and wellness
multi-level marketing arena.
Added GeneWize’s COO Sharon 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, healthcare, media and
technology 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; and White Hat Brands, an
emerging player in the branded consumer products market.
For more information about Capsalus, contact 888-400-7179, or
visit www.capsalus.com.
Capsalus Corp. (www.capsalus.com) 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 an
18-year old leading biosciences company specializing in consumer
genomics. GeneLink’s patented technologies include proprietary DNA
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.
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