Genetic Technologies Launches Sports Gene Test in Japan
September 12 2005 - 10:41AM
Business Wire
Genetic Technologies Limited ("GTG") (NASDAQ:GENE)(ASX:GTG)
announces the official launch of its ACTN3 SportsGene Test(TM) in
Japan. At a ceremony held in Tokyo, GTG together with its Japanese
distribution partner, Sportsstyle, launched the ACTN3 SportsGene
Test(TM) to an audience of over 100 sports specialists, including
the President of the Japan Federation of Health and Sports. The
launch of the ACTN3 SportsGene Test(TM) was widely reported in the
Japanese press and represents the start of a major program with
Sportsstyle that will see the ACTN3 SportsGene Test(TM) sold across
its extensive Japanese distribution network. GTG director,
Professor Deon Venter, himself a former British Ironman Triathlon
champion, attended the launch. Professor Venter commented, "Japan
represents a significant market for the ACTN3 SportsGene Test(TM),
with highly influential sporting and government bodies keen to
explore the relationship between genetics and sporting performance.
Japan is an extremely technologically-sophisticated country and is
now taking a leadership position in the science of optimizing a
person's sports potential according to their inherited genetic
capabilities." In conjunction with Sportsstyle, GTG held meetings
with influential sporting bodies looking to use the ACTN3
SportsGene Test(TM) as part of their training and assessment
program. All commercial ACTN3 SportsGene Tests from Japan will be
analyzed at GTG's headquarter laboratory in Melbourne, Australia.
The first tests are expected to arrive in the next two weeks. About
Genetic Technologies Limited Genetic Technologies was the first
company in the world to recognize important new applications for
"non-coding" DNA (DeoxyriboNucleic Acid). The Company has since
been granted patents in 24 countries around the world, securing
intellectual property rights for particular uses of non-coding DNA
in genetic analysis and gene mapping across all genes in all
multicellular species. Its three-pronged business strategy
includes: 1) the global commercialization of its patents through an
active licensing program; 2) the expansion of its dominant
commercial genetic testing business in Australia; and, 3) the
commercialization of its various research and development projects
aimed at generating further intellectual property of global
commercial significance. This announcement may contain
forward-looking statements within the meaning of Section 27A of the
U.S. Securities Act of 1933 and Section 21E of the U.S. Securities
Exchange Act of 1934 with respect to the financial condition,
results and business achievements/performance of Genetic
Technologies Limited and certain of the plans and objectives of its
management. These statements are statements that are not historical
facts. Words such as "should," "expects," "anticipates,"
"estimates," "believes" or similar expressions, as they relate to
Genetic Technologies Limited, are intended to identify
forward-looking statements. By their nature, forward-looking
statements involve risk and uncertainty because they reflect
Genetic Technologies' current expectations and assumptions as to
future events and circumstances that may not prove accurate. There
is no guarantee that the expected events, trends or results will
actually occur. Any changes in such assumptions or expectations
could cause actual results to differ materially from current
expectations.
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