Auragenix NV Completes Reorganization of Malta Unit;Name Changed to Auragenix Services Ltd.as Company Moves into Leisure and Entertainment Sector

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Auragenix NV reports that it has completed a name change at its Malta unit to Auragenix Services Ltd and replaced the former Directors and Founders of the company with members of the current Auragenix NV Management Board.

Add a q “Auragenix affiliates in Scandanavia are already heavily invested in the mainstream video distribution business and we fully intend to capitalize on this strategic business relationship."

Auragenix NV reports that it has wasted little time in completing the reorganization of its wholly owned Malta subsidiary. The Company announced today that it has completed a name change at its Malta unit to Auragenix Services Ltd and replaced the former Directors and Founders of the company with members of the current Auragenix Management Board.

Auragenix NV is now poised, through its wholly owned Malta subsidiary, to build out a proprietary technology platform that will support its new core business as a content provider of a broad range of popular video and audio releases coupled with a large selection of educational products. The Company’s Malta unit will offer its video and audio content initially through a well established base of global partners engaged in the mobile telephony and/or other portable internet access devices business.

Explains Michael Wexler, Auragenix NV Managing Director, “We’re in a very unique position at Auragenix in terms of having the capability, capacity and credibility necessary in this industry to build a business with a strong network of global partners”. Adds Mr. Wexler, “Auragenix affiliates in Scandanavia are already heavily invested in the mainstream video distribution business and we fully intend to capitalize on this strategic business relationship to offer a range of products and services from large and valuable video libraries along with other unique Auragenix products that will meet our customer’s requirements month after month. Needless to say, equally important to satisfying the back end of our business is the strength of Auragenix’ marketing know-how and industry contacts that will drive our business on the front end to capture a large and profitable user base over time”.

Auragenix NV is a Dutch incorporated company headquartered in Amsterdam, The Netherlands. The company’s wholly owned Malta subsidiary, Auragenix Services Ltd, is situated in Sliema, Malta.

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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