SOURCE: TeloVax Corporation

August 01, 2005 17:09 ET

Brandywine Business Services Changes Its Name and Symbol; the New Name Is TeloVax Corporation and the Symbol Is "TVXC"

LACEY, WA -- (MARKET WIRE) -- August 1, 2005 -- Brandywine Business Services Ltd, Inc. (OTC: BYWN) announced today that, effective August 1, 2005, it has changed its name to TeloVax Corporation. Along with the name change, the new trading symbol is (OTC: TVXC).

TeloVax is currently in the final stages of negotiations to acquire a distribution company which will expedite and cost effectively assist the Company to bring biotechnology products to market utilizing Pacific Rim facilities and distribution infrastructures. In addition, the Company is also engaged in extensive negotiations with a number of US biotechnology entities to co-develop products and marketing ventures. TeloVax is also forming contract research partnerships in order to develop products using its partner licensing agreements. Through these relationships, TeloVax believes that it will obtain a unique position to expand market share through product acquisition and development within the global biotechnology industry and pharmaceutical marketplace.

Note Disclaimer: The statements made in this press release contain statements concerning potential developments affecting the business, the prospects, the financial condition and other future aspects of the Company and partners. The actual results of the specifics described in this release, and the Company's operations may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management as of the date of this release, expectations, timing and other significant factors may result in business risks and uncertainties including, without limitation to the company's dependence on third party agreements. The general market conditions, economic factors, the availability of outside capital, receipt of revenues and other technical factors, may also extend beyond the control of the Company. The Company disclaims any obligation to update information contained in all forward-looking statements.

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