Interleukin Genetics' Submits Plan to Regain Compliance with Continued Listing Standards
27 Janeiro 2009 - 10:00AM
PR Newswire (US)
WALTHAM, Mass., Jan. 27 /PRNewswire-FirstCall/ -- Interleukin
Genetics, Inc. (NYSE Alternext US: ILI) today announced that the
Company has submitted a plan to the NYSE Alternext US LLC (the
"Exchange") that outlines the Company's strategy to regain
compliance with the Exchange's continued listing requirements. The
Company expects the Exchange to formally respond to the submitted
plan within 45 days. If the plan is accepted, the Company may be
able to continue its listing up to June 23, 2010 during which time
it will be subject to periodic review to ensure the Company is
making progress consistent with the plan. Should the plan not be
accepted by the Exchange, the Company will have the opportunity to
appeal that ruling. About Interleukin Genetics Interleukin
Genetics, Inc. (NYSE Alternext US: ILI), is a healthcare company
that specializes in the development of genetic biomarker tests for
sale to the emerging personalized health market. The Company is
focused on the future of health and medicine. Interleukin Genetics
uses its leading genetics research and scientific capabilities to
develop and commercialize innovative diagnostic and risk assessment
genetic tests. These products could help to improve an individual's
understanding of needed lifestyle changes or of therapeutic
products that can be used to better manage their health.
Interleukin Genetics has developed and commercialized genetic tests
for risk assessment of coronary artery disease, periodontal
disease, and general nutrition. Through its AJG subsidiary, the
Company also currently offers an array of Nutraceutical and
OTCeuticals(R) products, including Ginkoba(TM), Ginsana(R) and
Venastat(R) which are sold at the nation's largest food, drug and
mass retailers. Interleukin Genetics is headquartered in Waltham,
MA. For more information about Interleukin Genetics and its ongoing
programs, please visit http://www.ilgenetics.com/. Certain
statements contained herein are "forward-looking" statements
including statements regarding our ability to develop diagnostic,
personalized nutritional and therapeutic products to prevent or
treat diseases of inflammation and other genetic variations, our
ability to screen nutritional compounds for their effects on
inflammatory responses and other genetic variations, given specific
genetic patterns and our ability to make progress in advancing our
core technologies. Because such statements include risks and
uncertainties, actual results may differ materially from those
expressed or implied by such forward-looking statements. Factors
that could cause actual results to differ materially from those
expressed or implied by such forward-looking statements include,
but are not limited to, our ability to regain compliance with
Section 1003(a)(iii) of the NYSE Alternext US LLC Company Guide,
the risk of market acceptance of our products, the risk of
technology and product obsolescence, delays in product development,
the performance of our commercial partners, the availability of
adequate capital, the actions of our competitors and other
competitive risks, and those risks and uncertainties described in
our annual report on Form 10-K for the year ended December 31, 2007
as amended, filed with the Securities and Exchange Commission, our
quarterly reports on Form 10-Q and other filings made by us with
the Securities and Exchange Commission. We disclaim any obligation
or intention to update these forward-looking statements.
DATASOURCE: Interleukin Genetics, Inc. CONTACT: Media: Erin Walsh
of Interleukin Genetics, +1-781-419-4707, ; or Investor Relations:
Melanie Friedman of Stern Investor Relations, +1-212-362-1200, Web
Site: http://www.ilgenetics.com/
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