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Microcap & Penny Stocks : IGNE Igene Biotechnology -- Ignore unavailable to you. Want to Upgrade?

To: JSB who wrote (178)	10/1/2003 5:47:46 PM
From: Dwayne Hines	Respond to of 209

Reuters Igene announces settlement of ADM suit Wednesday October 1, 5:29 pm ET CHICAGO, Oct 1 (Reuters) - Igene Biotechnology Inc (OTC BB:IGNE.OB - News) on Wednesday announced it had settled a lawsuit with agribusiness Archer Daniels Midland Co. (NYSE:ADM - News) alleging the theft of a trade secret that alters the color of salmon raised in captivity. In the lawsuit, originally filed in 1997, Igene alleged that a former Igene employee gave ADM trade secrets on how to breed farm-raised salmon that have a rosy, appetizing color similar to wild salmon. Igene contended the former employee gave ADM trade secrets on how to alter the color of the fish, and ADM countersued, accusing Igene of patent infringement. Published reports at the time the lawsuit was filed said Igene was seeking $300 million in damages, but no details of the settlement were announced. Igene said in a statement that the suit's resolution "did not result in an unfavorable outcome to Igene." Igene and ADM officials were unavailable for comment. Columbia, Maryland-based Igene is a biotechnology company that focuses on the development, production and marketing of specialty ingredients for human and animal nutrition. Decatur, Illinois-based ADM is one of the world's largest processors of soybeans, corn and wheat.

To: JSB who wrote (178)	11/21/2009 11:42:41 AM
From: Dwayne Hines	Respond to of 209

Interesting information from Archer Daniels - their Naturxan product, which is called Aquasta, now is replacing their (ADM’s) Ecotone product. What this means is that ADM has moved over to Aquasta (Igene's product) which is now available through the Naturxan joint venture with Igene. What this translates to is that Archer Daniels fish feed production has switched from their own product over to the product that Igene makes (ADM calls it Naturxan, Igene calls it Aquasta). It appears that Igene will be the main player for ADM's fish feed venture. This could be literally huge for Igene, as ADM is such a big player and salmon (and trout) intake is growing.