Auragenix N.V. Shareholders Elect New Management Board; Approve New Business Direction for Malta Subsidiary

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Auragenix N.V. reports that the company's shareholders have elected a new Management Board at the company's Annual Shareholders Meeting held on April 26th, 2010 at the company's offices in Amsterdam. The new Board members replace Ario Khoshbin and Khasha Ighanian, both company founders, who earlier indicated that they would not be on the slate for reelection. In addition, in conjunction with the appointments of the new Board, the Company announces that effective immediately, it is launching new corporate strategies that will encompass the development, management and distribution of a broad range of video, audio and gaming content in digital format through a strategic partner network situated in major global media markets.

The new Auragenix team has extensive know-how and understanding in the media content sector and we fully intend to grow and expand this business as rapidly as possible.

Auragenix N.V. reports that the company's shareholders have elected a new Management Board at the company's Annual Shareholders Meeting held on April 26th, 2010 at the company's offices in Amsterdam. The new Board members replace Ario Khoshbin and Khasha Ighanian, both company founders, who earlier indicated that they would not be on the slate for reelection.

The new Management Board elected at the Shareholder's Meeting include Michael S. Wexler, a well seasoned Canadian business consultant with over 35 years of public company experience and Anthony Norman, a Stockholm based consultant with extensive experience in the integrated media/communications sector. Mssrs Wexler and Norman will serve as co-Managing Directors of the Company.

In addition, in conjunction with the appointments of the new Board, the Company announces that effective immediately, it is launching new corporate strategies that will encompass the development, management and distribution of a broad range of video, audio and gaming content in digital format through a strategic partner network situated in major global media markets.

In highlighting the Company's new corporate direction, the Management Board has been tasked with a number of key initiatives for the company's wholly owned Malta subsidiary. This includes changing the name of theMalta based operating unit to Auragenix Services Ltd. to reflect the company's new mandate.

"The new Auragenix team has extensive know-how and understanding in the media content sector and we fully intend to grow and expand this business as rapidly as possible." Says Mr. Wexler. He adds that "We see an opportunity here of building a burgeoning revenue platform in conjunction with our global partners through our value added products and services and a mass consumer market for Pay-On-Demand (POD) media content. Our primary goal now is to turn Auragenix into a very profitable growth oriented business for the benefit of all our stakeholders. The elements necessary to make this happen are available to us and we fully intend to capitalize on the unique advantage we hold in a very lucrative mega sized market."

Shares of AuraGenix N.V. are listed on the Open Market segment of the Frankfurt Exchange. A public offering of AuraGenix shares was not made in connection with their inclusion on the Open Market Frankfurt.

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MICHAEL WEXLER
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