December 7, 2009
Warnex Receives Funding From Northern Ontario Heritage Fund Corporation for DNA Database Project
Laval, QC, December 7, 2009 - Warnex Inc. (TSX: WNX) announced today that its subsidiary Warnex PRO-DNA Services Inc., located in Thunder Bay, Ontario, is the recipient of funding from the Northern Ontario Heritage Fund Corporation (NOHFC) for the development of a forensics database, based on mitochondrial DNA, in collaboration with the Paleo-DNA Laboratory of Lakehead University.
"Mitochondrial DNA testing is a powerful tool being used to solve criminal cases, including cold cases, as well as to prove wrongful convictions," said Mark Busgang, President and CEO of Warnex. "We appreciate the opportunity that this funding from the Ontario government will create and we are pleased to collaborate with Lakehead University to solidify our presence as two of the world's leading mitochondrial DNA testing laboratories."
Warnex PRO-DNA Services and the Paleo-DNA Laboratory of Lakehead University are the only two laboratories accredited in Canada for mitochondrial DNA testing. With this funding, they will develop the MitoNorth Database, the first mitochondrial DNA database in Canada, which will be used by law enforcement and legal professionals to prevent individuals from being falsely accused and help prosecute criminals. The two laboratories received a total of $676,100 in funding from NOHFC for the development of the MitoNorth Database.
Warnex (www.warnex.ca) is a life sciences company devoted to protecting public health by providing laboratory services to the pharmaceutical and healthcare sectors. Warnex Analytical Services provides pharmaceutical and biotechnology companies with a variety of quality control services, including chemistry, chromatography, microbiology, method development and validation, and stability studies. Warnex Bioanalytical Services specializes in bioequivalence and bioavailability studies for clinical trials. Warnex Medical Laboratories provides specialized testing for the healthcare industry as well as pharmaceutical and central laboratory services. Warnex PRO-DNA Services offers DNA identification tests for paternity, maternity and other family relationships, as well as for immigration and forensic testing purposes. Warnex has three facilities located in Laval and Blainville, Quebec, and Thunder Bay, Ontario.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
Certain statements contained in this news release are forward-looking and are subject to numerous risks and uncertainties, known and unknown. For information identifying known risks and uncertainties, relating to financial resources, government regulations, laboratory facilities, suppliers, employees, key customers and business partners, foreign currency risk, credit risk, liquidity risk, volatility of share price, and other important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the heading Risks and Uncertainties in Warnex's most recent Management's Discussion and Analysis, which can be found at www.sedar.com. Consequently, actual results may differ materially from the anticipated results expressed in these forward-looking statements.