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Medical Technology News
Recent News Stories from PRnetwire.com >> News Article

Edited by Christopher Simmons, senior news editor


DIRECT WIRELESS ENTERS INTO A LETTER OF AGREEMENT TO ACQUIRE FRACTAL GENOMICS

SAN FRANCISCO, CALIF. - September 2, 2003 (Send2Press Newswire) -- Direct Wireless Communications, Inc. (OTCBB: DWCM) today announced the signing of a binding Letter of Agreement to acquire Fractal Genomics in San Francisco, California. Fractal Genomics was founded by Sandy Shaw, a former bioinformatics specialist at the University of California, San Francisco and former computer scientist and software engineer with over twenty years of experience at Bell Labs, Lockheed Electronics and the University of Hawaii.

Fractal Genomics utilizes its patent protected technology to find, link and model patterns of similarity hidden in large amounts of information, such as the clinical databases used for diagnostic and drug discovery and has patent protected protein and pathway discovery in leukemia and lung development, which could lead to the identification of novel proteins that could be used to develop diagnostic markers and drug targets.

"We are extremely pleased to have signed a binding Letter of Agreement to acquire the patent protected computational software used in diagnosis and drug discovery developed by Fractal Genomics," stated Bill G. Williams, Chief Executive Officer of Direct Wireless. "Fractal Genomics has successfully used its Fractal Genomics Modeling (FGM) software to analyze databases from MD Anderson Cancer Center, St. Jude Children's Hospital and the Alvin J. Siteman Cancer Center at Washington University. We are also pleased to have Mr. Shaw serve as the Vice-President and Director of Fractal Based Information Technology."

"I am looking forward to joining the impressive and accomplished scientific staff at Direct Wireless," remarked Sandy Shaw, founder of Fractal Genomics. "I welcome the opportunity to work closely with pharmaceutical and diagnostic companies worldwide to assist them in identifying novel proteins and pathways critical to diagnosing and treating patients with devastating diseases like cancer, heart disease, obesity and AIDS."

For more information, visit http://www.FractalGenomics.com

Company Website: www.FractalGenomics.com
Source of News: Direct Wireless Communications, Inc.

Stock Info on Yahoo!® Finance BB: DWCM

California Business News / Medical Technology Newswire
> Read original news release in raw text format



> Previous News from Direct Wireless Communications, Inc.


> More Medical Technology News
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