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Genetic Technologies Limited Interview to Air on Bloomberg TV (U.S.) on the RedChip Money Report®

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Genetic Technologies Limited (NASDAQ: GENE) announced that CEO Simon Morriss will discuss the company's recent acquisition of EasyDNA and its commercialization plans in an interview on The RedChip Money Report® airing on October 2, 2021. This acquisition is expected to boost revenues significantly with an established sales infrastructure in 40 countries. The interview will also cover the anticipated launch of the Company’s Multi-Test by the end of 2021. The segment will be broadcasted on Bloomberg TV, which reaches approximately 73 million homes in the U.S.

Positive
  • Acquisition of EasyDNA expected to drive significant revenue growth.
  • Established sales infrastructure in 40 countries enhances market reach.
  • Anticipated launch of the Multi-Test by end of 2021.
Negative
  • None.

MELBOURNE, Australia, Sept. 30, 2021 (GLOBE NEWSWIRE) -- Genetic Technologies Limited (ASX: GTG; NASDAQ: GENE, “Company”, “GTG”), a global leader in Genomics based tests in health, wellness and serious disease, today announced that an interview with CEO Simon Morriss, discussing the advancements on their commercialization plans, the recent acquisition of EasyDNA and the associated near term material revenue increase, will air on The RedChip Money Report® on Bloomberg TV (U.S.), Saturday, October 2nd, at 7 p.m. Eastern Time (ET). Bloomberg TV (U.S.) is available in an estimated 73 million homes across the United States.

GENE’s recent acquisition of EasyDNA, provides a significant platform for expansion with established sales infrastructure covering 40 countries. Simon discusses more broadly what this acquisition provides for GENE with both near term revenue and for the planned release of the Company’s Multi-Test by the end of calendar year 2021.

The RedChip Money Report® is produced by RedChip Companies Inc., an international Investor Relations and media firm with 30 years’ experience focused on Discovering Tomorrow’s Blue Chips Today™. “The RedChip Money Report®" delivers insightful commentary on small-cap investing, interviews with Wall Street analysts, financial book reviews, as well as featured interviews with executives of public companies.

To view the interview segment, please visit: https://youtu.be/RO_hHENHdVs

About Genetic Technologies Limited

Genetic Technologies Limited (ASX: GTG; NASDAQ: GENE, “Company”, “GTG”) is a diversified molecular diagnostics company. GTG offers cancer predictive testing and assessment tools to help physicians proactively manage patient health. The Company’s lead products GeneType for Breast Cancer for non-hereditary breast cancer and GeneType for Colorectal Cancer are clinically validated risk assessment tests and are first in class. Genetic Technologies is developing a pipeline of risk assessment products including its multi test covering over 70% of the most prevalent mortalities and morbidities.

Forward Looking Statements

This press release may contain forward-looking statements about the Company's expectations, beliefs or intentions regarding, among other things, statements regarding the expected use of proceeds. In addition, from time to time, the Company or its representatives have made or may make forward-looking statements, orally or in writing. Forward-looking statements can be identified by the use of forward-looking words such as "believe," "expect," "intend," "plan," "may," "should" or "anticipate" or their negatives or other variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical or current matters. These forward-looking statements may be included in, but are not limited to, various filings made by the Company with the U.S. Securities and Exchange Commission, press releases or oral statements made by or with the approval of one of the Company's authorized executive officers. Forward-looking statements relate to anticipated or expected events, activities, trends or results as of the date they are made. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause the Company's actual results to differ materially from any future results expressed or implied by the forward-looking statements. Many factors could cause the Company's actual activities or results to differ materially from the activities and results anticipated in such forward-looking statements as detailed in the Company's filings with the Securities and Exchange Commission and in its periodic filings in Australia and the risks and risk factors included therein. In addition, the Company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond its control. The Company does not undertake any obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Investor Relations Contact:

Dave Gentry / CEO
RedChip Companies Inc.
1-800-RED-CHIP (733-2447) or 407-491-4498 (cell)
Dave@redchip.com


FAQ

What is the significance of EasyDNA's acquisition by GENE?

The acquisition is expected to drive significant revenue growth for Genetic Technologies through an established sales infrastructure in 40 countries.

When will the interview with CEO Simon Morriss air?

The interview will air on The RedChip Money Report® on Bloomberg TV on October 2, 2021, at 7 p.m. Eastern Time.

What are the future plans for Genetic Technologies following their recent acquisition?

Genetic Technologies plans to leverage the EasyDNA acquisition for immediate revenue growth and is also planning the release of their Multi-Test by the end of 2021.

How many homes does Bloomberg TV reach?

Bloomberg TV is available in an estimated 73 million homes across the United States.

What products does Genetic Technologies offer?

Genetic Technologies offers cancer predictive testing and risk assessment tools, including GeneType for Breast Cancer and GeneType for Colorectal Cancer.

Genetic Technologies Ltd.

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