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DIRECT WIRELESS ENTERS INTO A LETTER OF AGREEMENT TO ACQUIRE THE BARNHILL GROUP
SAVANNAH, GA and DALLAS, TX - Aug. 26, 2003 (Send2Press Newswire) -- Direct Wireless Communications, Inc. (OTCBB: DWCM) today announced the signing of a binding Letter of Agreement to acquire The Barnhill Group in Savannah, Georgia. The Barnhill Group was founded by Stephen D. Barnhill, M.D., a Physician trained in Laboratory Medicine/Clinical Pathology and a Pioneer in the development of Artificial Intelligence and Pattern Recognition Computational Techniques used in Medicine, Genomics, Proteomics, Diagnostics and Drug Discovery. Dr. Barnhill is a co-inventor on the first neural network patents used in medicine, which were recently acquired by Johnson & Johnson. He is also the inventor of the first support vector machine patents used in medicine for genomic discovery. Dr. Barnhill founded and was CEO of the Barnhill Clinical Laboratories, which was acquired by Quest Diagnostics (NYSE: DGX).
"Dr. Barnhill has been extremely successful in his business and scientific career," stated Bill G. Williams, Chief Executive Officer of Direct Wireless. "Dr. Barnhill is the sole inventor or co-inventor on numerous issued pioneer patents in artificial intelligence based machine learning techniques and diagnostic discovery; was instrumental in the development of neural network based diagnostic tests for prostate and ovarian cancer; led the team that identified and patented the genes that cause colon cancer; has numerous peer-reviewed publications in medical and scientific journals and has been a featured speaker at major medical conferences, both Internationally and in the United States. We are extremely pleased to have Dr. Barnhill serve as the new President and Medical Director of our Company."
Williams continued, "For the past two years, our Company has been focused on building a new wireless communications platform. The negative events that have occurred in the communications industry have made it difficult for us to advance our communications platform. Therefore, we have decided to change our strategic direction to health discovery. The acquisition of The Barnhill Group immediately places our Company in the rapidly growing field of diagnostic and drug discovery and helps us build shareholder value immediately."
"I am extremely pleased to accept the Position of President and Medical
Director of the Company and bring with me a group of world renowned
scientists and breakthrough technologies to create a new and very exciting
opportunity for the shareholders," remarked Stephen D. Barnhill, M.D.,
founder of The Barnhill Group. "Our goal is to become the world's first,
full service health discovery company providing pharmaceutical and
diagnostic companies worldwide with the tools necessary for identifying
novel proteins and pathways critical to diagnosing and treating patients
with devastating diseases like cancer, heart disease, obesity and AIDS."
Source of News:
Direct Wireless Communications, Inc.
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