Shareholder Update Regarding Capsalus Revenue Reporting Delay on Fiscal 2011 10-K Annual Report
23 Avril 2012 - 4:00PM
Business Wire
Capsalus Corp. (OTCBB: WELL and, temporarily, OTCBB: WELLE),
today announced that the necessary revenue numbers for its fourth
quarter are not yet available to include in its Fiscal 2011 10-K
annual report for the fiscal year ending Dec. 31, 2011 due to a
required change in GeneLink Biosciences, Inc. (OTCBB: GNLK)
auditors.
On Feb. 16, Capsalus had announced the completed acquisition of
the stock of GeneWize Life Sciences, Inc., the wholly-owned
direct-selling subsidiary of GeneLink Biosciences, a leader in
consumer genomics. The deal provided immediate revenues.
Due to the unavailability of the fourth quarter audited
financials, an "E" symbol was placed on Capsalus’ ticker symbol by
the OTC Bulletin Board, informing the company that it had 30 days
to file the annual report. Capsalus is actively working with the
new auditors at GeneLink to have the "E" symbol removed as quickly
as possible.
For more information about Capsalus, visit www.capsalus.com or
call 888-400-7179.
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.
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)
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