FRANKFORT, Ill.--(BUSINESS WIRE)--Nov. 8, 2005--Acrongenomics,
Inc. (OTCBB: AGNM - News )
is pleased to announce that it has retained KGMC
Group, LLC of Frankfort, Illinois to introduce its
cutting-edge Nano-JETA(TM) technology platform to
the world market.
Privately-held KGMC Group LLC ( www.kgmcgroup.com )
introduces and markets advanced medical technologies.
With a diverse team of talented and respected professionals
in medicine, science, business, finance, marketing
and law from four continents, KGMC provides services
and solutions essential to converting emerging technologies
into viable business ventures. KGMC Group LLC will
work with Acrongenomics to complete formal validations
of the advanced Nano-JETA(TM) platform, secure publications
of this breakthrough technology in respected medical
and scientific journals and identify ideal partners
to commercialize the technology.
"Following a year of thorough study, our scientists
and Board of Directors have confirmed that Acrongenomics'
know-how in nanotechnology has resulted in compelling
breakthroughs, significantly impacting our battle
with various diseases such as cancer. We are convinced
that Nano-JETA(TM) technology platform can accelerate
and enhance the commonly used Real Time PCR amplification
process, so that it is rendered 100% accurate in
detecting genetic diseases such as cancer. Neo-EpCAM(TM)
cancer detection assay is the first application utilizing
the Nano-JETA(TM) technology. More so exciting is
that the process takes less than two minutes. Because
it is fast, inexpensive, easy to administer, non-invasive,
accurate, specific and uses existing equipment, we
are convinced that the technology will assist physicians
in detecting genetic diseases quickly, accurately
and early enough to potentially save lives and avoid
much cost and anguish. Now confident in the technology,
we will assist Acrongenomics in securing a partner
to further develop and market such technology," Says
KGMC Group President Bill Kanatas.
Acrongenomics Inc. (www.acrongen.com) (OTCBB: AGNM - News )
is a publicly traded research and development nanobiotechnology
company pioneering the development of uniquely advanced
nano-molecular diagnostics for the Life Sciences
Industry. The Company is seeking to establish its
proprietary nanotechnology platform as a global standard
in Molecular In Vitro Diagnostics.
Acrongenomics has successfully conducted laboratory
tests and clinical trials for the cancer detection
and quantification process. The technology has been
applied to major Molecular Diagnostics techniques
such as Polymerase Chain Reaction (PCR) and Real-Time
PCR producing outstanding results in terms of sensitivity,
reproducibility, specificity and speed with the use
of conventional equipment.
Since the completion of the Human Genome project
in 2000, the growing number of sequencing and functional
genomic initiatives has resulted in the rapid growth
of the Molecular Diagnostics field. In 2005, the
global market for molecular diagnostics is estimated
to reach $6.5 billion. By 2010 the market is forecasted
to expand to $12 billion and to $35 billion by 2015
(Research & Markets Report 2004). There is considerable
demand for new molecular diagnostic technologies.
So profitable is the molecular diagnostics market
that pharmaceutical and biotechnology companies are
highly focused in developing molecular diagnostics
tests that can be used to individualize patient treatments.
With the validation and introduction of the Nano-JETA(TM)
technology platform, along with the support of KGMC
Group LLC, Acrongenomics is positioned to emerge
as a leader in this rapidly expanding market segment.
About KGMC Group, LLC.
KGMC Group, LLC consists of a diverse team of talented
and respected professionals focused on commercializing
emerging medical technologies.
President and CEO Bill Kanatas is a distinguished
Chicago business leader and entrepreneur specializing
in growth-venture management and acquisitions. Chief
Financial Officer Thomas Matthews has illustrated
expert financial guidance through the initiation,
management, financing and completion of over $250
million in development projects and assets. Scientific
Advisor Carlos Cordon-Cardo PhD, M.D. is one of the
leading pathologists in the US with over twenty-five
years at the forefront of cancer research. Dr. Cordon-Cardo
serves as the Director of the Division of Molecular
Pathology at New York City's Memorial-Sloan Kettering,
the nation's foremost cancer treatment and research
facility, and is Associate Professor of Pathology
at Cornell University Medical College. Medical Director
Usama Hamden M.D. is an esteemed international lecturer
with University appointments at Harvard Medical School
, Boston University School of Medicine and Tufts
University School of Medicine, as well as visiting
professorships at numerous institutions internationally.
Clinical Advisor Rafael Barrera M.D. is a prominent
physician, author and lecturer serving as attending
physician at New York 's Long Island Jewish Medical
Center, North Shore University Hospital , and Assistant
Professor at the Albert Einstein School of Medicine.
Corporate Counsel Gary Green, Esq., Principal of
Sidkoff, Pincus & Green, PC, specializes in securities,
banking, and corporate law. And finally, Senior Vice
President of Marketing Chris Coyne brings 30 years
of experience as an entrepreneur and executive, having
co-founded two highly successful companies within
the hospital services industry and now as President
of both Coyne Group LLC, an investment firm, and
Coyne Foundation.
For more information and extended biographies of
each KGMC principal, please visit www.kgmcgroup.com .
For further information contact the Press Office
at:
website: www.acrongen.com
email: media@acrongen.com
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