SOURCE: Generex Biotechnology

April 30, 2007 11:26 ET

Generex Biotechnology to Ring NASDAQ Closing Bell on May 2nd

WORCESTER, MA -- (MARKET WIRE) -- April 30, 2007 -- Generex Biotechnology Corporation (NASDAQ: GNBT), the leader in drug delivery for metabolic diseases through the inner lining of the mouth, today announced that Anna Gluskin, its Chairman and Chief Executive Officer, will ring the ceremonial NASDAQ Stock Market Closing Bell on Wednesday, May 2, 2007 at 4:00 p.m. (Eastern), at the NASDAQ MarketSite at 4 Times Square (43rd and Broadway) in New York City.

"Generex is honored to receive this opportunity," said Ms. Gluskin. "Ringing the NASDAQ bell reflects the growing interest in our promising portfolio of products, and in particular the Company's Generex Oral-lyn™ brand proprietary oral insulin spray product, which has received international acclaim. We look forward to sharing this event with the investment community."

Ms. Gluskin will mark the close of the NASDAQ day of trading. To view the NASDAQ Market Closing Ceremony live on May 2nd, beginning at 3:45 p.m. (ET), please visit http://www.nasdaq.com/reference/marketsite_about.stm . Viewers can scroll to the bottom of the page to access the MarketSite Live Webcam link. Windows Media Player is necessary to view the webcam.

About Generex

Generex is engaged in the research and development of drug delivery systems and technologies. Generex has developed a proprietary platform technology for the delivery of drugs into the human body through the oral cavity (with no deposit in the lungs). The Company's proprietary liquid formulations allow drugs typically administered by injection to be absorbed into the body by the lining of the inner mouth using the Company's proprietary RapidMist™ device. The Company's flagship product, oral insulin (Generex Oral-lyn™), which is available for sale in Ecuador for the treatment of patients with Type-1 and Type-2 diabetes, is in various stages of clinical trials around the world. For more information, visit the Generex website at www.generex.com.

Safe Harbor Statement: This release and oral statements made from time to time by Generex representatives concerning the same subject matter may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by introductory words such as "expects," "plans," "intends," "believes," "will," "estimates," "forecasts," "projects" or words of similar meaning, and by the fact that they do not relate strictly to historical or current facts. Forward-looking statements frequently are used in discussing potential product applications, potential collaborations, product development activities, clinical studies, regulatory submissions and approvals, and similar operating matters. Many factors may cause actual results to differ from forward-looking statements, including inaccurate assumptions and a broad variety of risks and uncertainties, some of which are known and others of which are not. Known risks and uncertainties include those identified from time to time in the reports filed by Generex with the Securities and Exchange Commission, which should be considered together with any forward-looking statement. No forward-looking statement is a guarantee of future results or events, and one should avoid placing undue reliance on such statements. Generex cannot be sure when or if it will be permitted by regulatory agencies to undertake additional clinical trials or to commence any particular phase of clinical trials. Because of this, statements regarding the expected timing of clinical trials cannot be regarded as actual predictions of when Generex will obtain regulatory approval for any "phase" of clinical trials. Generex claims the protection of the safe harbor for forward-looking statements that is contained in the Private Securities Litigation Reform Act.

Contact Information

  • For more information, please contact:

    For Generex:
    Shayne Gilliatt
    Generex
    800-391-6755 or 416-364-2551

    Andrew Hellman
    CEOcast, Inc.
    212-732-4300