SOURCE: IO News Wire

April 16, 2010 07:30 ET

(OTC: KKUR) ChromoCure to Acquire $25 Million in IP and Technology for Cancer Detection

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire.

NEW YORK, NY--(Marketwire - April 16, 2010) -  ChromoCure Inc. (PINKSHEETS: KKUR) announced today it has signed a Letter of Intent with Genome Research Group (GRG). Under the terms of the Agreement, ChromoCure will acquire and merge with GRG and combine the Company's operations and assets with all GRG Intellectual Property (IP) assets and operations.

The merger transaction is valued in excess of $25,000,000 and results in significant increases to shareholder equity and reductions in long-term liabilities. The Company had recently announced a Technology Exchange and Collaboration Agreement with GRG, and through the initial integration phase, determined that joining forces and merging technology and operations would be of mutual benefit in advancement of their shared objective as a focused Cancer Therapy and Cure Research & Development organization.

GRG's advanced Therapeutic Modeling Protocols, together with ChromoCure's landmark Chromosomal Scanning Technology, further strengthens the Company's leadership in Cancer Detection.

For More Information on ChromoCure please visit:

For More Information on Genome Research Group please visit:

Other active stocks are Akorn Inc. (NASDAQ: AKRX), Forest Laboratories Ltd., (NYSE: FRX) and Pfizer Inc. (NYSE: PFE).

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