EIN Presswire: Food Safety Live Feed Press Releases

Dunkin' Brands Appoints Food-Service & Retail Executive Giorgio Minardi as President of International

Tue, 07 Feb 2012 21:35:00 +0000

Dunkin' Brands Appoints Food-Service & Retail Executive Giorgio Minardi as President of International

PR Newswire

CANTON, Mass., Feb. 7, 2012 /PRNewswire/ -- With more than 16,500 restaurants in 60 countries around the world, Dunkin' Brands Group, Inc. (Nasdaq: DNKN), the parent company of Dunkin' Donuts and Baskin-Robbins, today announced the appointment of international food-service and retail industry executive Giorgio Minardi to the position of President, Dunkin' Brands International. In this role, Minardi will be responsible for strategically expanding the presence of Dunkin' Donuts and Baskin-Robbins outside the United States and for delivering a consistent, but culturally relevant, brand experience for the Company's international customers. Minardi will report directly to Nigel Travis, Dunkin' Brands' Chief Executive Officer and President, Dunkin' Donuts, and will serve on the Dunkin' Brands leadership team.

(Logo: http://photos.prnewswire.com/prnh/20110317/NY67297LOGO )

A highly experienced food-service and retail industry executive, Minardi has held top strategic development and brand management positions at prominent international food-service and retail companies, including McDonald's, Burger King and Autogrill Corporation, a food, beverage and retail company. Most recently, Minardi served as Managing Director, Europe and the Middle East, for Autogrill where he was responsible for every aspect of that company's business operations in 40 countries. He also served as Autogrill's Chairman in Spain and Belgium, and as President in Switzerland. Under Minardi's direction, Autogrill undertook an aggressive development plan that expanded its market share while driving sales and profits.

"With an impressive career as an international executive with some of the leading brands in the food-service and retail industry, Giorgio is eminently qualified to help us capitalize on the tremendous global growth opportunities available to Dunkin' Donuts and Baskin-Robbins," said Nigel Travis. "He has a unique blend of marketing, operational, development and general management experience, as well as on-the-ground experience in Asia Pacific, Europe and the U.S. Combine all of that with his passion for the food-service industry, and we believe he will enable us to enhance our support of our international franchisees and drive profitable growth in new and existing markets."

Prior to Autogrill, Minardi was with Burger King, first as Vice President of Asia Pacific, and later as Division Vice President of Northwest Europe, where he was responsible for the company's overall performance in the United Kingdom, the brand's second-biggest region outside the U.S. Minardi also spent 16 years with McDonald's Corporation, initially serving as Vice President Marketing, Asia Pacific, and ultimately as Vice President and Chief Marketing Officer for Greater China, contributing significantly to the company's growth in the region. Minardi currently serves on the Board of Directors of Volotea Airlines in Europe.

"I am excited about being a part of the Dunkin' Brands team. The company is among the world's largest quick-service restaurant companies and includes two of the most recognized and beloved brands in the industry," said Giorgio Minardi. "I look forward to working with the franchisees, as well as the management team, and to helping Dunkin' Brands recognize its significant international growth opportunities."

During the first nine months of 2011, Dunkin' Brands, Inc., the parent company of Dunkin' Donuts and Baskin-Robbins, opened approximately 480 net new locations globally. In 2010 the company added more net new locations than almost any other quick-service restaurant chain in the world. For more information about Dunkin' Brands, please visit http://DunkinBrands.com.

About Dunkin' Brands Group, Inc.
With more than 16,500 points of distribution in nearly 60 countries worldwide, Dunkin' Brands Group, Inc. (Nasdaq: DNKN) is one of the world's leading franchisors of quick service restaurants (QSR) serving hot and cold coffee and baked goods, as well as hard-serve ice cream. At the end of 2011, Dunkin' Brands' nearly 100 percent franchised business model included more than 10,000 Dunkin' Donuts restaurants and more than 6,400 Baskin-Robbins restaurants. For the full-year 2010, the company had system-wide sales of approximately $7.7 billion. Dunkin' Brands Group, Inc. is headquartered in Canton, Mass.

Forward-Looking Statements

Certain statements contained herein are not based on historical fact and are "forward-looking statements" within the meaning of the applicable securities laws and regulations. Generally, these statements can be identified by the use of words such as "anticipate," "believe," "could," "estimate," "expect," "feel," "forecast," "intend," "may," "plan," "potential," "project," "should," "would," and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. These risk and uncertainties include, but are not limited to: the ongoing level of profitability of franchisees and licensees; changes in working relationship with our franchisees and licensees and the actions of our franchisees and licensees; our master franchisees' relationships with sub-franchisees; the strength of our brand in the markets in which we compete; changes in competition within the quick service restaurant segment of the food industry; changes in consumer behavior resulting from changes in technologies or alternative methods of delivery; economic and political conditions in the countries where we operate; our substantial indebtedness; our ability to protect our intellectual property rights; consumer preferences, spending patterns and demographic trends; the success of our growth strategy and international development; changes in commodity and food prices, particularly coffee, dairy products and sugar, and the other operating costs; shortages of coffee; failure of our network and information technology systems; interruptions or shortages in the supply of products to our franchisees and licensees; inability to recover our capital costs; changes in political, legal, economic or other factors in international markets; termination of a master franchise agreement or contracts with the U.S. military; currency exchange rates; the impact of food borne-illness or food safety issues or adverse public or medial opinions regarding the health effects of consuming our products; our ability to collect royalty payments from our franchisees and licensees; uncertainties relating to litigation; changes in regulatory requirements to our and our franchisees and licensees ability to comply with current or future regulatory requirements; review and audit of certain of our tax returns; the ability of our franchisees and licensees to open new restaurants and keep existing restaurants in operation; our ability to retain key personnel; any inability to protect consumer credit card data and catastrophic events. Forward-looking statements reflect management's analysis as of the date of this press release. Important factors that could cause actual results to differ materially from our expectations are more fully described in our other filings with the Securities and Exchange Commission, including under the section headed "Risk Factors" in our prospectus filed with the Securities and Exchange Commission on November 17, 2011. Except as required by applicable law, we do not undertake to publicly update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

Karen Raskopf	Stacey Caravella
SVP Communications	Director, Investor Relations
Dunkin' Brands, Inc.	Dunkin Brands, Inc.
781-737-5200	781-737-3200
Karen.Raskopf@DunkinBrands.com	investor.relations@dunkinbrands.com

SOURCE Dunkin' Brands Group, Inc.

Life Technologies Announces Fourth Quarter and Fiscal Year 2011 Results

Tue, 07 Feb 2012 21:01:00 +0000

Life Technologies Announces Fourth Quarter and Fiscal Year 2011 Results

- Fourth quarter revenue increased 4 percent to $970 million; GAAP earnings per share (EPS) increased to $0.69, or $1.06 on a non-GAAP basis, an increase of 18 percent

- 2011 revenue increased 4 percent to $3.7 billion; GAAP EPS increased to $2.23, or $3.73 on a non-GAAP basis, an increase of 5 percent

- 2011 free cash flow totaled $710 million

- 2012 outlook of non-GAAP organic revenue growth of 2 to 4 percent over 2011; Non-GAAP EPS guidance range of $3.90 to $4.05

PR Newswire

CARLSBAD, Calif., Feb. 7, 2012 /PRNewswire/ -- Life Technologies Corporation (NASDAQ: LIFE) today announced results for the quarter and full year ended December 31, 2011 and provided financial guidance for 2012.

(Logo: http://photos.prnewswire.com/prnh/20110216/MM49339LOGO)

"I am pleased with our performance in the fourth quarter and throughout 2011, even as we faced a number of challenges, including macroeconomic headwinds and constrained spending by some of our customers," said Gregory T. Lucier, Chairman and Chief Executive Officer of Life Technologies. "Overcoming these obstacles, we delivered top line growth, reduced our operating costs to meet the slower growth environment and expanded our operating margins an impressive 110 basis points, all of which we leveraged to deliver bottom line growth for the twelfth consecutive year. We finished the year with strong free cash flow of $710 million."

"Looking ahead to 2012, we expect growth in our game-changing Ion Torrent franchise, expansion in end markets and geographies and continued operational efficiencies to drive organic revenue growth of 2 to 4 percent over 2011 results and adjusted non-GAAP EPS in a range of $3.90 to $4.05."

Life Technologies reported results compared to quarter and year ended December 31, 2010.

Analysis of Fourth Quarter 2011 and Fiscal Year 2011 Results

Fourth quarter non-GAAP 2011 revenue increased 4 percent, or 3 percent excluding the impact from currency, with particularly strong growth in sales of Ion Torrent and Forensics. Full year non-GAAP 2011 revenue increased 4 percent, or 3 percent excluding the impact from currency, driven by increased sales of Ion Torrent, BioProduction and Forensics. The increase in both periods was partially offset by a decrease in sales of SOLiD products.
Non-GAAP gross margin in the fourth quarter increased 20 basis points to 64.8 percent, driven primarily by realized price and increased manufacturing productivity, which were partially offset by product mix and the termination of a supply agreement. Full year non-GAAP gross margin was 65.3 percent, a decrease of 150 basis points, due to currency hedging losses, upgrades to our SOLiD 5500 and Ion Torrent sales, which were partially offset by realized price and manufacturing productivity.
Non-GAAP operating margin increased 470 basis points to 31 percent in the fourth quarter, representing an all time high for the Company. Full year operating margin increased 40 basis points to 29.1 percent and, excluding currency, expanded 110 basis points. The increase in both periods resulted from a reduction in operating expenses including cost savings initiatives, a portion of which was offset by expenses related to developing Ion Torrent.
The non-GAAP tax rate was 26.8 percent for the fourth quarter and 27.3 percent for the full year.
Fourth quarter non-GAAP EPS increased 18 percent to $1.06. Full year non-GAAP EPS increased 5 percent to $3.73.
Diluted weighted shares outstanding were 184.5 million in the fourth quarter.
Cash flow from operating activities for the fourth quarter was $316 million. Fourth quarter capital expenditures were $34 million and resulting free cash flow was $282 million. The company ended the quarter with $882 million in cash and short-term investments.

Business Highlights:

Genetic Systems division non-GAAP revenue increased 13 percent to $278 million in the fourth quarter, or 11 percent excluding the impact from currency. Growth in the current year quarter was driven by increased sales of Ion Torrent and double digit growth in Forensics, which was partially offset by reduced sales of SOLiD products. Full year non-GAAP revenue increased 8 percent to $1 billion, or 7 percent excluding the impact from currency. Growth for the full year period was driven by increased sales of Ion Torrent franchise, growth in Forensics and Capillary Electrophoresis, all of which was partially offset by lower growth in SOLiD products.
Molecular Biology Systems division non-GAAP revenue decreased 1 percent to $441 million in the fourth quarter, or 2 percent excluding the impact of currency. The decline in the current year quarter resulted from a decline in qPCR royalties and continued lower spending by academic customers. Full year non-GAAP revenue was $1.7 billion, flat compared to the prior year period, and decreased 2 percent excluding the impact of currency. The decrease for the full year was the result of lower qPCR royalties, slower funding which drove lower PCR sales and a disruption in China sales as the company transitioned certain dealer networks to direct sales during the second quarter of 2011.
Cell Systems division non-GAAP revenue increased 3 percent to $244 million in the fourth quarter, or 1 percent excluding the impact of currency, compared to a strong fourth quarter of 2010. Growth in the fourth quarter was driven by increased sales of cell culture products and by increased sales in BioProduction. Full year non-GAAP revenue increased 7 percent to $969 million, or 6 percent excluding the impact of currency. Full year growth was driven by increased BioProduction sales and sales across our cell consumables businesses.
Regional organic growth rates for the quarter were as follows: the Americas was flat, Europe grew 4 percent, Asia Pacific grew 10 percent and Japan grew 4 percent. Full year growth rates were as follows: the Americas was 2%, Europe grew 3 percent, Asia Pacific 9 percent, and Japan declined 3 percent.
Revenue from orders transacted through Life Technologies' eCommerce channels grew approximately 8 percent during the quarter and approximately 12 percent for the full year. Over 50 percent of all transactions globally are processed using eCommerce platforms.

Changes in Reporting

The company plans to modify its reporting to better align with changes it has made in its internal organization. These changes have no impact on results of operations, financial condition or cash flows of the Company as a whole.

The company currently reports revenues for three divisions: Molecular Biology Systems, Genetic Systems and Cell Systems. Starting in the first quarter of 2012, the company will report revenues for the following three business groups: Research Consumables, Genetic Analysis and Applied Sciences. These changes will be finalized during and effective for the first quarter of 2012 and the company will provide revised financial data reflecting these changes prior to reporting its first quarter results in April 2012.

Fiscal Year 2012 Outlook

Subject to the risk factors detailed in the Safe Harbor Statement section of this release, the company provided its expectations for fiscal year 2012 financial performance. The company expects organic revenue growth of 2 to 4 percent over 2011 revenues of $3.7 billion and non-GAAP earnings per share to be in a range of $3.90 to $4.05. The guidance includes a revenue headwind of approximately $26 million, or 0.7 percent, and a benefit to non-GAAP EPS of approximately $0.02 from currency. The currency impact consists of a negative effect from changes in currency exchange rates based on December 2011 month end rates, partially offset by a benefit from not having the hedge losses that occurred in 2011. The company will provide further detail on its business outlook during the webcast today.

Webcast Details

The company will discuss its financial and business results as well as its business outlook on its webcast at 4:30 PM ET today. This webcast will contain forward-looking information. The webcast will include a discussion of "non-GAAP financial measures" as that term is defined in Regulation G. For actual results, the most directly comparable GAAP financial measures and information reconciling these non-GAAP financial measures to the company's financial results determined in accordance with GAAP, as well as other material financial and statistical information to be discussed on the webcast will be posted at the company's Investor Relations Web site at https://ir.lifetechnologies.com. The webcast can be accessed through the investor relations page of the Life Technologies' website at https://ir.lifetechnologies.com/events.cfm. A replay of the webcast will be available on the company's website through Tuesday, February 28, 2012.

About Life Technologies

Life Technologies Corporation (NASDAQ: LIFE) is a global biotechnology company dedicated to improving the human condition. Our systems, consumables and services enable researchers to accelerate scientific and medical advancements that make life even better. Life Technologies customers do their work across the biological spectrum, working to advance the fields of discovery and translational research, molecular medicine, stem cell-based therapies, food safety and animal health, and 21st century forensics. The company manufactures both molecular diagnostic and research use only products. Life Technologies' industry-leading brands are found in nearly every life sciences lab in the world and include innovative instrument systems under the Applied Biosystems and Ion Torrent names, as well as, the broadest range of reagents with its Invitrogen, GIBCO, Ambion, Molecular Probes and TaqMan® products. Life Technologies had sales of $3.7 billion in 2011, employs approximately 10,400 people, has a presence in approximately 160 countries, and possesses one of the largest intellectual property estates in the life sciences industry, with approximately 4,000 patents and exclusive licenses. For more information on how we are making a difference, please visit our website: www.lifetechnologies.com.

Safe Harbor Statement

Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and Life Technologies intend that such forward-looking statements be subject to the safe harbor created thereby. Forward-looking statements may be identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will," or words of similar meaning and include, but are not limited to, statements about the expected future business and financial performance of the company. Such forward-looking statements include, but are not limited to, statements relating to financial projections, including revenue and pro forma EPS projections; success of acquired businesses, including cost and revenue synergies; development and increased flow of new products; leveraging technology and personnel; advanced opportunities and efficiencies; opportunities for growth; expectations of prospective new standards, new delivery platforms, and new selling specialization and effectiveness; and corporate strategy and performance. A number of the matters discussed in this press release and presentation that are not historical or current facts deal with potential future circumstances and developments, including future research and development plans. The discussion of such matters is qualified by the inherent risks and uncertainties surrounding future expectations generally and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: volatility of the financial markets; and the risks that are described from time to time in Life Technologies' reports filed with the SEC. This press release and presentation speaks only as of its date, and the company disclaims any duty to update the information herein.

Non-GAAP Measurements

This press release includes certain financial information which constitutes "non-GAAP financial measures" as defined by the SEC. The GAAP measures which are most directly comparable to these measures, as well as a reconciliation of these measures with the most directly comparable GAAP measures, can be found at on the Investor Relations portion of the company's website at www.lifetechnologies.com.

Investor and Financial Contact:

Carol Cox
Investor Relations
(760) 603-7208
ir@lifetech.com

LIFE TECHNOLOGIES CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
AND RECONCILIATION OF NON-GAAP ADJUSTMENTS(1)

				For the three months				For the three months
(in thousands, except per share data)				ended December 31, 2011				ended December 31, 2010
(unaudited)
				GAAP	Adjustments		Non-GAAP	GAAP	Adjustments		Non-GAAP
Revenues				$ 1,010,445	$ (40,106)	(2)	$ 970,339	$ 932,337	$ 1,301	(2)	$ 933,638
Cost of revenues				345,305	(3,855)	(3)	$ 341,450	330,940	(104)	(3)	330,836
Purchased intangibles amortization				82,201	(82,201)	(4)	-	83,401	(83,401)	(4)	-
			Gross profit	582,939	45,950		628,889	517,996	84,806		602,802
Gross margin				57.7%			64.8%	55.6%			64.6%
Operating expenses:
	Selling, general and administrative			249,535	(5,864)	(5)	243,671	270,001	(11,200)	(5)	258,801
	Research and development			90,201	(5,587)	(5)	84,614	108,711	(10,119)	(5)	98,592
	Business consolidation costs			18,856	(18,856)	(6)	-	27,025	(27,025)	(6)	-
		Total operating expenses		358,592	(30,307)		328,285	405,737	(48,344)		357,393
			Operating income	224,347	76,257		300,604	112,259	133,150		245,409
Operating margin				22.2%			31.0%	12.0%			26.3%
	Interest income			972			972	678			678
	Interest expense			(38,162)	6,649	(7)	(31,513)	(36,289)	8,617	(7)	(27,672)
	Other income (expense), net			(2,933)	-		(2,933)	385	(559)	(8)	(174)
		Total other income (expense), net		(40,123)	6,649		(33,474)	(35,226)	8,058		(27,168)
Income from operations before provision for
income taxes				184,224	82,906		267,130	77,033	141,208		218,241
Income tax provision				(56,871)	(14,814)	(9)	(71,685)	(6,465)	(39,466)	(9)	(45,931)
			Net income	127,353	68,092		195,445	70,568	101,742		172,310
			Net loss attributable to non-controlling interests	-	-		-	113	(98)	(10)	15
			Net income attributable to controlling interest	$ 127,353	$ 68,092		$ 195,445	$ 70,681	$ 101,644		$ 172,325

Effective tax rate				30.9%			26.8%	8.4%			21.0%
Add back interest expense for subordinated
debt, net of tax				584	(551)	(11)	33	-			-
Numerator for diluted earnings
per share				$ 127,937	$ 67,541		$ 195,478	$ 70,681	$ 101,644		$ 172,325

Earnings per common share:
	Basic earnings per share attributable to controlling interest			$ 0.71			$ 1.10	$ 0.38			$ 0.93

	Diluted earnings per share attributable to controlling interest			$ 0.69			$ 1.06	$ 0.37			$ 0.90

Weighted average shares used in per share calculation:
	Basic			178,304			178,304	186,046			186,046
	Diluted			184,544			184,544	191,227			191,227


(1)		The Company reports Non-GAAP results which exclude costs that are not indicative of the profitability or cash flows of the Company’s ongoing or future operations. Such costs include restructuring charges, business transformation expenses, amortization and depreciation of deferred revenue, intangibles assets, and fixed assets, revaluation charges for inventories, contingent consideration liabilities, and asset impairments, and in process research and development expenses incurred as a result of business combinations, as well as the impact from the divestiture and discontinuance of product lines. The Company also excludes noncash interest expense associated with convertible debt bifurcation and noncash charges associated with non-controlling interests. In addition, the Company excludes one-time costs including the early repayment of debt and the associated impacts, and the impact of certain settlements in order to provide a supplemental comparison of the results of operations.

(2)		Adjust for royalty revenue recognized upon a historical and current licensing settlement of $38.8 million and revenue related to credit usage on returns of a discontinued product of $1.8 million, offset with fair value amortization of purchased deferred revenue of $0.5 million for the three months ended December 31, 2011. Add back fair value amortization of purchased deferred revenue of $1.3 million for the three months ended December 31, 2010.

(3)		Add back royalty fees and expenses of $4.5 million related to the historical portion of the settlement of a licensing dispute, offset with contingent consideration revaluation of $0.6 million for the three months ended December 31, 2011. Add back noncash charges for purchase accounting inventory revaluations cost of $0.1 million for the three months ended December 31, 2010.

(4)		Add back amortization of purchased intangibles.

(5)		Add back $10.0 million for expenses and an asset impairment partially offset by recovery of expenses related to the historical portion of the settlement of a licensing dispute and depreciation of purchase accounting property, plant, and equipment revaluations of $1.5 million for the three months ended December 31, 2011. Add back depreciation of purchase accounting property, plant, and equipment revaluations of $2.4 million and accelerated compensation expenses related to business acquisitions of $18.9 million for the three months ended December 31, 2010.

(6)		Add back business consolidation costs.

(7)		Add back charges related to noncash interest expense as a result of the provision adopted in accordance with the ASC Topic of Debt with Conversion and Other Options of $5.1 million and $7.1 million for the three months ended December 31, 2011 and 2010, respectively. Adjust for imputed finance charges of $1.5 million associated with contingent consideration on business acquisitions for each of the three months ended December 31, 2011 and 2010.

(8)		Adjust for a discontinuance gain recognized on cash flow hedge of $0.6 million for the three months ended December 31, 2010.

(9)		Non-GAAP tax differs from GAAP tax expense due to the exclusion of the aforementioned business combination related charges, non cash charges, and one-time costs which are not indicative of the profitability or cash flows of the Company’s ongoing or future operations. These deductions produce a GAAP only tax benefit which is added back for Non-GAAP presentation.

(10)		Add back noncash charges for purchase accounting inventory revaluations and depreciation of purchase accounting property, plant, and equipment revaluations attributable to non-controlling interest, net of tax benefit.

(11)		Eliminate noncash interest charges from diluted earnings per share calculation, as the noncash interest is excluded from the calculation of Non-GAAP net income.

LIFE TECHNOLOGIES CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
AND RECONCILIATION OF NON-GAAP ADJUSTMENTS(1)

				For the year ended				For the year ended
(in thousands, except per share data)				December 31, 2011				December 31, 2010
(unaudited)
				GAAP	Adjustments		Non-GAAP	GAAP	Adjustments		Non-GAAP
Revenues				$ 3,775,672	$ (34,995)	(2)	$ 3,740,677	$ 3,588,094	$ 6,746	(2)	$ 3,594,840
Cost of revenues				1,301,145	(4,394)	(3)	$ 1,296,751	1,188,199	5,360	(3)	1,193,559
Purchased intangibles amortization				308,728	(308,728)	(4)	-	293,754	(293,754)	(4)	-
			Gross profit	2,165,799	278,127		2,443,926	2,106,141	295,140		2,401,281
Gross margin				57.4%			65.3%	58.7%			66.8%
Operating expenses:
	Selling, general and administrative			1,008,973	(10,776)	(5)	998,197	1,023,179	(17,096)	(5)	1,006,083
	Research and development			377,924	(21,561)	(5)	356,363	375,465	(12,208)	(5)	363,257
	Purchased in-process research and development			-	-		-	1,650	(1,650)	(4)	-
	Business consolidation costs			75,324	(75,324)	(6)	-	93,450	(93,450)	(6)	-
		Total operating expenses		1,462,221	(107,661)		1,354,560	1,493,744	(124,404)		1,369,340
			Operating income	703,578	385,788		1,089,366	612,397	419,544		1,031,941
Operating margin				18.6%			29.1%	17.1%			28.7%
	Interest income			3,932	-		3,932	4,266	-		4,266
	Interest expense			(162,073)	30,779	(7)	(131,294)	(152,322)	39,582	(7)	(112,740)
	Loss on early retirement of debt			-	-		-	(54,185)	54,185	(8)	-
	Gain on divestiture of equity investments			-	-		-	37,260	(37,260)	(9)	-
	Other income (expense), net			(10,913)	-		(10,913)	(5,864)	5,500	(10)	(364)
		Total other income (expense), net		(169,054)	30,779		(138,275)	(170,845)	62,007		(108,838)
Income from operations before provision for
income taxes				534,524	416,567		951,091	441,552	481,551		923,103
Income tax provision				(122,405)	(137,424)	(11)	(259,829)	(63,694)	(182,994)	(11)	(246,688)
			Net income	412,119	279,143		691,262	377,858	298,557		676,415
			Net loss attributable to non-controlling interests	658	(308)	(12)	350	437	(290)	(12)	147
			Net income attributable to controlling interest	$ 412,777	$ 278,835		$ 691,612	$ 378,295	$ 298,267		$ 676,562

Effective tax rate				22.9%			27.3%	14.4%			26.7%
Add back interest expense for subordinated
debt, net of tax				1,300	(1,169)	(13)	131	171			171
Numerator for diluted earnings
per share				$ 414,077	$ 277,666		$ 691,743	$ 378,466	$ 298,267		$ 676,733

Earnings per common share:
	Basic earnings per share attributable to controlling interest			$ 2.30			$ 3.86	$ 2.06			$ 3.69

	Diluted earnings per share attributable to controlling interest			$ 2.23			$ 3.73	$ 1.99			$ 3.55

Weighted average shares used in per share calculation:
	Basic			179,390			179,390	183,398			183,398
	Diluted			185,595			185,595	190,591			190,591


(1)		The Company reports Non-GAAP results which excludes costs that are not indicative of the profitability or cash flows of the Company’s ongoing or future operations. Such costs are restructuring cost, business transformation expenses, amortization and depreciation of deferred revenue, intangibles assets, and fixed assets, and revaluation charges for inventories, contingent consideration liabilities, asset impairments, and in process research and development expenses, incurred as a result of business combinations as well as the impact from the divestiture and discontinuance of product lines. The Company also excludes noncash interest expense associated with convertible debt bifurcation and noncash charges associated with non-controlling interests. In addition, the Company excludes one-time costs including the early repayment of debt and the associated impacts, and the impact of certain settlements in order to provide a supplemental comparison of the results of operations.

(2)		Adjust for royalty revenue recognized upon a historical and current licensing settlement of $38.8 million, offset with fair value amortization of purchased deferred revenue of $2.9 million and add back revenue related to returns of a discontinued product of $0.9 million for the year ended December 31, 2011. Add back fair value amortization of purchased deferred revenue of $6.7 million for the year ended December 31, 2010.

(3)		Add back royalty fees and expenses of $4.5 million related to the historical portion of the settlement of a licensing dispute, charges for inventory reserves related to a discontinued product of $2.1 million, and $0.5 million of purchase accounting related cost of revenue revaluation, offset by contingent consideration revaluation of $2.7 million for the year ended December 31, 2011. Add back noncash charges for purchase accounting inventory revaluation cost of $0.9 million, offset with contingent consideration revaluation of $6.3 million for the year ended December 31, 2010.

(4)		Add back amortization of purchased intangibles and write off of purchased in-process research and development.

(5)		Add back contingent consideration revaluation of $13.7 million, depreciation of purchase accounting property, plant, and equipment revaluations of $7.1 million, $10.0 million for expenses and an asset impairment partially offset by recovery of expenses related to the historical portion of the settlement of a licensing dispute, and accelerated compensation expense related to business acquisitions of $1.5 million for the year ended December 31, 2011. Add back depreciation of purchase accounting property, plant, and equipment revaluations of $10.4 million and accelerated compensation expense related to business acquisitions of $18.9 million for the year ended December 31, 2010.

(6)		Add back business consolidation costs.

(7)		Add back charges related to noncash interest expense as a result of the provision adopted in accordance with the ASC Topic of Debt with Conversion and Other Options of $24.6 million and $38.0 million for the years ended December 31, 2011 and 2010, respectively. Adjust for imputed finance charges of $6.2 million and $1.5 million associated with contingent consideration on business acquisitions for the years ended December 31, 2011 and 2010, respectively.

(8)		Add back loss on early retirement of debt.

(9)		Adjust for gain on divestiture of equity investments.

(10)		Adjust for gain on impaired security recovery of $7.1 million, a discontinuance gain on cash flow hedge of $0.6 million and gain on foreign currency related to joint venture divestiture of $1.0 million offset by loss on discontinuance of cash flow hedge of $12.9 million and joint venture purchase accounting adjustment of $1.2 million for the year ended December 31, 2010.

(11)		Non-GAAP tax differs from GAAP tax expense due to the exclusion of the aforementioned business combination related charges, non cash charges, and one-time costs which are not indicative of the profitability or cash flows of the Company’s ongoing or future operations. These deductions produce a GAAP only tax benefit which is added back for Non-GAAP presentation.

(12)		Add back noncash charges for purchase accounting inventory revaluations and depreciation of purchase accounting property, plant, and equipment revaluations attributable to non-controlling interest, net of tax benefit.

(13)		Eliminate noncash interest charges from diluted earnings per share calculation, as the noncash interest is excluded from the calculation of Non-GAAP net income.

LIFE TECHNOLOGIES CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS



		For the year
		ended December 31,
(in thousands)(unaudited)		2011	2010
Net income		$ 412,119	$ 377,858
	Add back amortization and
	share-based compensation	394,326	386,621
	Add back depreciation	123,578	122,978
	Balance sheet changes	(82,781)	(101,435)
	Other noncash adjustments	(38,107)	(46,933)
Net cash provided by operating activities		809,135	739,089
	Capital expenditures	(99,293)	(124,817)
Free cash flow		709,842	614,272
Net cash provided by (used in) investing activities		(52,591)	5,013
Net cash used in financing activities		(627,268)	(407,808)
Effect of exchange rate changes on cash		(4,790)	5,505
Net increase in cash and cash equivalents		$ 25,193	$ 216,982

LIFE TECHNOLOGIES CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS



		December 31,	December 31,
(in thousands)		2011	2010
ASSETS		(unaudited)
Current assets:
	Cash and short-term investments	$ 881,994	$ 854,801
	Trade accounts receivable, net of allowance for doubtful accounts	636,998	587,456
	Inventories	377,866	323,318
	Prepaid expenses and other current assets	175,222	280,950
	Total current assets	2,072,080	2,046,525

Long-term assets		7,094,346	7,439,674
	Total assets	$ 9,166,426	$ 9,486,199

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
	Current portion of long-term debt	$ 450,839	$ 347,749
	Accounts payable, accrued expenses and other current liabilities	989,645	798,636
	Total current liabilities	1,440,484	1,146,385


Long-term debt		2,297,653	2,727,624
Other long-term liabilities		794,778	1,174,161
Equity		4,633,511	4,438,029
	Total liabilities and equity	$ 9,166,426	$ 9,486,199

SOURCE Life Technologies Corporation

Walmart Announces "Great For You" Labeling Program

Tue, 07 Feb 2012 20:11:36 +0000

Statement of CSPI Executive Director Michael F. Jacobson

February 7, 2012

Walmart's Great For You labeling program is an interesting way to identify many healthier foods. The symbol should help many shoppers choose healthier foods and should encourage some companies, starting with Walmart, to improve their products.

Great For You joins NuVal, Guiding Stars, Facts Up Front, Heart Check, and other approaches that seek to steer consumers toward healthier diets. That proliferation of sometimes-inconsistent nutrition symbols on store shelves and packages indicates the need for the U.S. Food and Drug Administration to develop one excellent system that would replace all the voluntary approaches.

Walmart's program does an excellent job of highlighting healthful foods in many food categories, but it is not fool-proof. Some distinctly not-great-for-you foods qualify for the symbol: cholesterol-rich eggs, salty canned vegetables and salt-water-injected fresh meat and poultry, nutrient-poor apple and grape juice, and grain foods that contain much more refined white flour than whole grain.

Administration Misses Major Deadlines for Food Safety Reform

Tue, 07 Feb 2012 15:11:27 +0000

Statement of CSPI Food Safety Director Caroline Smith DeWaal

February 7, 2012

Saturday marked the "one-year-and-one-month" anniversary of the day that President Obama signed the Food Safety Modernization Act (FSMA). Rules that would make our food supply significantly safer are apparently stalled at the White House Office of Management and Budget (OMB). The administration is now over 30 days late on meeting several deadlines mandated by Congress.

FSMA was enacted to improve the safety of many fresh foods, including eggs, dairy products, seafood, fruits and vegetables, and many processed and imported foods. But until FDA develops rules to describe the details of those improvements, the law is a hollow victory for consumers who want safer food.

Congress passed FSMA in late 2010, following a steady drumbeat of major outbreaks involving a wide variety of foods regulated by FDA. Numerous Congressional investigations and hearings covered the nationwide outbreaks and recalls in 2006 (spinach); 2007 (contaminated pet food and imported seafood); 2008 (peanut butter); 2009 (produce); and 2010 (eggs). The President signed FSMA into law January 4, 2011, which started the clock for a number of statutory deadlines.

In November and early December, FDA delivered proposed rules detailing food safety control programs for food manufacturers and importers, and new standards for the safe production of fresh fruits and vegetables to OMB for preliminary review. Proposals addressing produce and imports each carry a statutory deadline of 12 months; the other proposals are essential to implementing the law, and have July 4 deadlines for implementation.

Given the urgency of food safety problems, Congress specifically mandated these deadlines for FDA to meet, to ensure that the safeguards included in FSMA did not fall victim to bureaucratic delays. But perhaps OMB didn't get that message. Here it is again:

Listeria in cantaloupe killed 30 people last fall. In the past few months raw alfalfa sprouts, pine nuts, and romaine lettuce have each caused major outbreaks. All are FDA-regulated products that might be safer after FSMA regulations take effect, but without them, consumers remain vulnerable. The Obama administration should fulfill the promise of FSMA and move rapidly to release these proposed rules.

UL Global Study Reveals Food Safety is Top of Mind for Manufacturers and Consumers

Tue, 07 Feb 2012 14:00:00 +0000

UL Global Study Reveals Food Safety is Top of Mind for Manufacturers and Consumers

The "Product Mindset" Explores Consumer and Manufacturer Perceptions of the Food Industry

PR Newswire

NORTHBROOK, Ill., Feb. 7, 2012 /PRNewswire/ -- In a new global study from UL (Underwriters Laboratories), a world leader in advancing safety, food manufacturers identified product safety as a top business priority, but the majority of consumers believe food manufacturers can do even better to earn their confidence. The new study, "Navigating the Product Mindset," explores the connections and contradictions between perceptions of consumers and food manufacturers on issues of safety, innovation, performance and sustainability. Global perceptions were collected from consumers and manufacturers in China, India, Germany, and the U.S. across industries in high tech, food, building materials and household chemicals. In addition to the study, UL has created industry-specific reports for High Tech, Household Chemicals, Food and Building Materials.

"Food manufacturers understand that product safety is imperative to the success of their business, but a significant opportunity remains to better demonstrate and communicate their commitment to boost consumer confidence," said Hank Lambert, general manager of UL's Global Food and Water Businesses. "This research demonstrates the importance of moving existing food safety management to the next level."

Other key insights from the study include:

Food manufacturers express confidence in their performance related to product safety, innovation, sustainability and reliability, but consumers feel food manufacturers can do a better job testing food products and fresh foods especially.
Consumers' primary safety concerns for food products relate to contracting foodborne illness, exposure to unsafe chemical additives and unsanitary conditions.
Food manufacturers agree that consumers are becoming more empowered. They value positive consumer claims on product quality and safety more than government endorsements.
Even though manufacturers say it is their job to communicate product safety information to consumers, the majority of consumers find it difficult to locate that information.
Manufacturers are more likely to hold the manufacturers that assemble the final product accountable for safety, but consumers feel it is more important to know the country of origin for each of the individual ingredients that constitute a food product rather than where the finished product is assembled.

Specific findings include:

With new government regulations and heightened consumer awareness of food safety, 92 percent of food manufacturers agree product safety is becoming more important.
Only 2 percent of food manufacturers feel their company is behind the curve in product safety, yet 70 percent of consumers do not think fresh food manufacturers conduct thorough testing before introducing new products to the market.
Over three-quarters of consumers surveyed feel that processed food manufacturers are not making better products today than five years ago.
Even with manufacturers' focus on product safety, 76 percent of consumers find it difficult to locate product safety information about fresh food products.
50 percent of food manufacturers agree that a direct relationship exists between product quality and country of origin and 50 percent of consumers across all geographies surveyed said they are always or usually aware of the country of origin for food products.

To obtain the full study with all key findings, visit: http://ul.com/productmindset/download

UL will exhibit during the Consumer Goods Forum, Global Food Safety Conference, in Orlando, FL February 15 – February 17, 2012 to provide global food manufacturers with information on UL's food safety service offerings.

Methodology
Global quantitative research was conducted by an independent research firm during the Spring, 2011. 1,235 consumers and 1,195 manufacturers in China, Germany, India and the United States were interviewed across an array of topics related to safety, performance, innovation and sustainability. Manufacturers were selected from the high technology, food, household chemicals and building materials sectors and were interviewed by phone. Consumers were interviewed through an online survey. The survey looked at over 900 different fresh and processed food categories.

About UL
UL is a premier global independent safety science company with more than 117 years of history. Employing more than 9,000 professionals in over 96 countries, UL has five distinct business units – Product Safety, Environment, Life & Health, University and Verification Services – to meet the expanding needs of our customers and to deliver on our public safety mission. Additional information about UL may be found at www.UL.com.

UL is committed to advancing global food safety across the supply chain through innovative behavior-based food safety training, food safety equipment certification, full-service analytical testing and SQF & cGMP audit and inspection services. For more information about UL's Food Safety Services, visit www.ul.com/foodsafety.

SOURCE UL

SGS Hosts McDonald's Food Safety Collaboration Panel at Global Food Safety Conference Feb. 17

Tue, 07 Feb 2012 13:09:00 +0000

SGS Hosts McDonald's Food Safety Collaboration Panel at Global Food Safety Conference Feb. 17

Session Will Address Role of Collaboration in Food Supply Chain; Registration Required

PR Newswire

FAIRFIELD, N.J., Feb. 7, 2012 /PRNewswire/ -- SGS Food Services is hosting "McDonald's: Collaboration in Food Safety & Brand Protection," a breakfast session at the 11th Global Food Safety Conference in Orlando, Florida, from 7:45-8:45 am on Friday, February 17. Panelists from McDonald's Corporation, global and local suppliers, a scheme owner and a certification body will provide real-world examples and insights on the role of cooperation in creating a culture of food safety and brand protection from farm to front counter. Registration is required.

The session will be moderated by Steven Sklare, Sales Executive Food Safety Services, SGS, USA. Panelists will include:

Amy Wilcox, Manager Quality System, US Supply Chain Management, McDonalds, USA
Roger Bont, Global Quality Assurance Director, Corporate Food Safety and Regulatory Affairs, Cargill, USA
LeAnn Chuboff, Senior Technical Director, SQF Institute, USA
Raul E. Fajardo, VP, Global Quality, McCain Foods Ltd., USA
Kevin Edwards, Associate Director Food, SGS, USA

The session will be held at the site of the conference, the Hyatt Regency Grand Cypress in Orlando. Registration is available at http://tcgffoodsafety.com/pro/fiche/quest.jsp;jsessionid=743AD547A80DE3604EB9AA385423ABB6.gl1?pg2=registration&pg=gfsconf

SGS is a Premium sponsor of the conference, which runs from February 15-17. The annual event will bring together over 1,000 leading food safety specialists from over 60 countries to advance food safety globally. Conference registration is available at www.tcgffoodsafety.com

As part of its overall Food Services portfolio, SGS offers comprehensive third-party food safety services for the whole food supply chain from farm to fork. Programs include Global Food Safety Initiative (GFSI) certification services to ensure compliance with multiple food safety standards. The company's food safety experts will be available at Booth #24 throughout the Global Food Safety Conference to answer questions.

About SGS
SGS is the world's leading verification, testing and certification company. The company's comprehensive testing, product inspection, certification, training and technical services cover the entire supply chain in any given industry around the world. SGS' global network and expertise provide a single consolidated source that can help manufacturers, suppliers and retailers reduce risk, improve efficiency and product quality, ensure compliance to both national and international standards and manage sustainability. With more than 70,000 employees SGS operates a network of more than 1,350 offices and laboratories globally. For more information about SGS Food Services, visit www.foodsafety.sgs.com or email food@sgs.com.

SOURCE SGS Food Services

Taste Hawaii - Food Poisoning Information

Tue, 07 Feb 2012 08:15:20 +0000

The Hawaii Department of Health is considering posting sanitation inspection scores at food establishments to benefit patrons.

SAN RAFAEL, CA, February 07, 2012 /24-7PressRelease/ -- Chances are great that you will "Taste Hawaii" and not get food poisoning. The following information will help you, the traveler, in case of a foodborne illness.

Foodborne viruses don't discriminate whether a traveler visits a fruit stand, food truck or a restaurant owned by a celebrity personality. A patron could get a foodborne virus anywhere regardless of how thorough a food establishment follows its, and the Health Department's, sanitation policies.

The Hawaii Department of Health has advised Taste-Hawaii.com that there has not been an increase, nor a decrease, in the reporting of some foodborne illnesses in the past year. Most reported foodborne illnesses are caused by campylobacter jejuni. This bacteria is commonly associated with poultry.

The Centers for Disease Control states that approximately 124 people die from campylobacter jejuni each year. The risk of contamination is very high. One drop of juice from raw chicken that comes in contact with the fingers of a child, kitchen utensils or clothing can cause an infection.

Presently the Hawaii Department of Health doesn't post grading scores at food establishments for the general public to observe. However, its Sanitation Branch is discussing the possibility of establishing a grading system to be visible at every restaurant for the benefit of its patrons.

If you are a traveler and you are experiencing food poisoning symptoms, for example, vomiting, diarrhea, abdominal cramps and/or fever, advise the hotel where you are staying. They may have an on-call doctor. If they do not have an on-call doctor, then advise them that you need medical assistance.

Next, you must report every food poisoning case to the Hawaii Department of Health. This is very important. The Hawaii Department of Health will record information from you and the doctor and will track foodborne viruses to safeguard the good health of the general public.

Each island has a different telephone number to report foodborne illnesses. If you are on Oahu, you can call: (808) 586-4586 (daytime) / (808) 566-5049 (after hours).

Taste Hawaii is celebrating its 5th Anniversary as the original website providing food, travel and cultural information for conscientious travelers to Hawaii.

Website: http://www.taste-hawaii.com

Twitter: http://twitter.com/TasteHawaii

Facebook: http://www.facebook.com/pages/Taste-Hawaii/344132552354

Telephone: (866) 613-4438

---

Press release service and press release distribution provided by http://www.24-7pressrelease.com

Dietary Supplements Extensively Regulated, Say Authors of New Article

Mon, 06 Feb 2012 22:20:18 +0000

Dietary Supplements Extensively Regulated, Say Authors of New Article

PR Newswire

American Botanical Council Publishes Article Documenting the Regulation of Herbs and Other Supplements

AUSTIN, Texas, Feb. 6, 2012 /PRNewswire-USNewswire/ -- Dietary supplements are subject to a wide array of federal government regulations in the United States, according to a new report published by the nonprofit American Botanical Council (ABC). The article notes numerous authorities to regulate dietary supplements that are granted to the U.S. Food and Drug Administration (FDA) and the Federal Trade Commission (FTC), as well as other government agencies.

(Logo: http://photos.prnewswire.com/prnh/20100430/DC95601LOGO)

The article, titled "The Regulated Dietary Supplement Industry: Myths of an Unregulated Industry Dispelled," has been published online and will appear in the winter issue of ABC's quarterly, peer-reviewed journal HerbalGram.(1) It is the second from ABC on this subject; in 2000, ABC published a seminal article titled "Regulation in the Herb Market: The Myth of the 'Unregulated Industry'" in HerbalGram.(2) It was written by the co-author of the present article, R. William Soller, Ph.D., an expert on health policy and the use of nonprescription medications for self-care who has a long history in the regulation of both dietary supplements and nonprescription medications.

Now, just over a decade later, Dr. Soller, Holly J. Bayne, Esq.—a Washington, D.C.-based attorney specializing in food and drug law with a focus on dietary supplements and botanicals—and Christopher Shaheen, a researcher at the University of California – San Francisco (UCSF), have developed a greatly expanded follow-up article to clarify the breadth and depth of regulation of dietary supplements. This new article dispels the still-pervasive myth of an unregulated dietary supplement industry. The authors re-encapsulate the Dietary Supplement Health and Education Act of 1994 (DSHEA) and provide an in-depth review of important legislation amending the Federal Food, Drug, and Cosmetic Act (FDCA) passed over the last 12 years since the publication of the previous article. Such additional legislation includes the Dietary Supplement and Nonprescription Drug Consumer Protection Act (2006), the FDA Amendments Act (2007), and the FDA Food Safety Modernization Act (2011). To illustrate, the authors have included several thorough, easy-to-navigate charts summarizing key developments that build on the legal framework and core authorities of the current dietary supplement regulatory infrastructure.

"Today, under DSHEA and subsequent amendments to the FDCA, FDA has broad statutory authority to regulate dietary supplements appropriately and those who manufacture, distribute, and sell them, and to take enforcement action against unsafe or mislabeled products and those who sell them to fulfill the agency's mandate to protect and promote public health and safety," the authors write. "Nevertheless, critics still echo the accusation that dietary supplements are an unregulated industry. This is a myth." (1)

"In fact, a comprehensive review of the available evidence strongly supports the conclusion that FDA has ample authority under current law to remove unsafe dietary supplements from the marketplace and enforce the misbranding (mislabeling) provisions of the law," they continue.

"Almost 12 years ago, when we asked Dr. Soller to write the original article, we were concerned about the lack of understanding by many people in the media, health professions, Congress, and the general public regarding the regulatory authorities held by both the FDA and the FTC," said Mark Blumenthal, editor of HerbalGram and founder and executive director of ABC.

"What's more surprising, and disappointing," he added, "is that an entire decade has passed since we published the initial article and 17 years since the passage of DSHEA, many people are still not clear about the extent of government regulation of herbal products and other dietary supplements. We trust that this article, once read, will help provide more clarity to this muddled area of significant concern to many stakeholders in the areas of consumer lifestyles, nutrition, self-medication, healthcare, public policy, and related areas."

"It is puzzling that the myth of the unregulated dietary supplement industry has continued for so many years," said Bayne. "The passage of DSHEA clearly established a comprehensive legal framework for FDA regulation of dietary supplements. FDA has all the legal authority it needs to protect public health and safety and remove unsafe or mislabeled products from the marketplace. Dietary supplements are clearly regulated by FDA, but they are regulated differently than prescription and OTC [over-the-counter] drug products."

"FDA has used its ample authority under various laws to build a comprehensive framework of enforceable regulations and interagency collaborations to fulfill its mission to both promote and protect the public health," said Dr. Soller. "Any remnant of the myth that dietary supplements are an unregulated industry is easily dispelled by a close look at the agency's activities over the past fifteen years."

Dr. R. William Soller is the executive director of the Center for Consumer Self Care and a Health Sciences clinical professor of pharmacy in the School of Pharmacy at UCSF. Prior to joining UCSF, he was Senior Vice President of Science and Technology for the Consumer Healthcare Products Association. He is principal author of numerous drug and dietary supplement-related submissions to the FDA on a wide range of subjects related to self-medication.

Holly J. Bayne is the founder of The Law Office of Holly Bayne, P.C. She began her legal career at Hyman, Phelps & McNamara, P.C., the largest law firm in the United States exclusively devoted to the practice of food and drug law. She has extensive experience in advising companies on a wide range of regulatory issues relating to the composition, manufacture, sale, and marketing of herbal products and other dietary supplements.

Christopher Shaheen is a researcher in the Center for Consumer Self Care at the UCSF School of Pharmacy.

The article contains more than 11,000 words, including 3 tables and 79 references, and is available by clicking here.

References

(1). Soller RW, Bayne HJ, Shaheen C. The regulated dietary supplement industry: myths of an unregulated industry dispelled. HerbalGram. 2012:93;42-57.

(2). Soller RW. Regulation in the herb market: the myth of the "unregulated industry." HerbalGram. 2000:49;64-67.

About the American Botanical Council
Founded in 1988, the American Botanical Council is a leading international nonprofit organization addressing research and educational issues regarding herbs and medicinal plants. ABC's members include academic researchers and educators; libraries; health professionals and medical institutions; government agencies; members of the herb, dietary supplement, cosmetic, and pharmaceutical industries; journalists; consumers; and others in over 80 countries. The organization occupies a historic 2.5-acre site in Austin, Texas, where it publishes the quarterly journal HerbalGram, the monthly e-publication HerbalEGram, HerbClips (summaries of scientific and clinical publications), reference books, and other educational materials. ABC also hosts HerbMedPro, a powerful herbal database, covering scientific and clinical publications on more than 240 herbs. ABC also co-produces the "Herbal Insights" segment for Healing Quest, a television series on PBS.

ABC is tax-exempt under section 501(c)(3) of the IRS Code. Information: Contact ABC at P.O. Box 144345, Austin, TX 78714-4345, Phone: 512-926-4900. Website: www.herbalgram.org.

Contact: Lucy Bruno lucy@herbalgram.org
Phone: 512-926-4900 x121; Fax: 512-926-2345

Web site: http://www.herbalgram.org/

SOURCE American Botanical Council

Food Security Is Top Reason for New Gardeners to Grow Food, Survey Shows

Mon, 06 Feb 2012 13:25:00 +0000

Food Security Is Top Reason for New Gardeners to Grow Food, Survey Shows

New Video Course Shows How to Be Self-Sufficient and Grow Healthy Food

PR Newswire

AUSTIN, Texas, Feb. 6, 2012 /PRNewswire/ -- What is behind the huge trend of vegetable gardens and backyard chickens?

Surprisingly, it is not the higher costs of groceries. A recent survey showed the biggest motivation for 1,598 new gardeners to start growing their own food is food security, says Marjory Wildcraft, creator of the acclaimed tutorial titled "Grow Your Own Groceries," which contains 2 DVDs and a CD mini-library.

The second biggest motivator was concerns with toxicities in groceries, says Wildcraft. Food costs placed a distant fourth.

"People are concerned about disruptions of the food supply due to economic collapse, pandemics, terror events, or natural disasters," says Wildcraft. The "Grow Your Own Groceries" video training course is rapidly becoming the standard video training tool and reference source for people who want to learn how to grow food and take control of their food supply.

"Backyard food production makes so much sense and "Grow Your Own Groceries" will pay for itself many times over starting with your first garden or livestock project," says Wildcraft, who has been featured as a guest on over 150 radio, podcast, print, and television shows. "We found that people learn better by watching videos rather than reading. That's what makes our course so unique and so helpful."

The USDA says the average family of four spends nearly $15,208 per year on groceries. Wildcraft says people can grow their own groceries for much less, and get much higher quality food.

"Grow Your Own Groceries" is endorsed by The Permaculture Activist, NaturalNews.com, World Hunger Relief Missionaries, The Organic Consumers Association, Alex Jones' Infowars, and The Weston-Price Nutrition Foundation.

The principles in the DVD training course are universal and are applicable to everyone living everywhere, regardless of climate. People who live in apartments can also grow their own food.

Backyard gardeners can get a series of impactful videos delivered to their inbox every day for free when they subscribe to Wildcraft's "Getting Started Kit" at http://www.GrowYourOwnGroceries.com.

"I came from a business background and could not keep one house plant alive. But now I grow more than half of what I eat. I've learned what works and what doesn't," she says.

"Grow Your Own Groceries" answers such questions as:

How to grow vegetables?
What to plant?
How to grow more?
How to plant a garden?
What to grow?
What is food security?
What is food safety?
The secrets to a green thumb
The most critical factors for success in growing food
All about small livestock
How to do home butchering
What are the fastest and easiest gardening methods?
Is there free wild food around me I don't know about?
How much land do I need to be completely food self-reliant?

"This DVD set will literally save you years in getting your own food production going at home. It is an amazing video, well-paced, captivating, packed full with everything you really need to know. It is astonishing how well thought out this set is," says Jack Spirko, host of "The Survival Podcast."

Creating the videos is part of a mission for Wildcraft, who is passionate about sustainable living and self-reliance.

"I've been dedicated to finding the easiest methods for growing food on a family scale," says Wildcraft, who teaches people with no gardening or agriculture experience how to successfully grow healthy, vibrant, nutritious food.

"I wanted to do something about the chemicals in my food, GMO (Genetically Modified Organism) corn, depleted soils, and the horror of commercial meat production. I felt vulnerable when I realized how dependent I was on huge, corporate agri-business for my food supply. The sense of security is priceless knowing that come what may, I am able to feed my family," she says.

Many people agreed and bought copies of "Grow Your Own Groceries." It's been sold in over 30 countries. Even people who don't have green thumbs have told Wildcraft that watching her videos gave them the knowledge and confidence to be successful.

"I put everything I know into the videos, including my failures. I've gotten thousands of emails with people telling me how much they appreciated how I show the techniques that didn't work," she says.

"Grow Your Own Groceries" contains two DVDs and a bonus CD with a 60-document mini-library. As a bonus, customers receive the book "How To Grow More Vegetables," which is the bible of sustainable growing.

The package can be purchased for only two payments of $47 at http://www.GrowYourOwnGroceries.com.

The product carries a risk-free, 60-day money-back guarantee.

For information, go to http://www.GrowYourOwnGroceries.com

SOURCE Marjory Wildcraft

Tranzbyte Corporation Acquires ProximaRF

Mon, 06 Feb 2012 12:30:00 +0000

Tranzbyte Corporation Acquires ProximaRF

ProximaRF now joins Altitude Organix as subsidiaries of Tranzbyte

PR Newswire

PHOENIX, Feb 6, 2012 /PRNewswire/ -- Tranzbyte Corporation (ERBB (OTC:PK) announced today that it has purchased ProximaRF Technology Holding Corp. (www.proximarf.com). 6-Year-Old ProximaRF produces a versatile and leading-edge portfolio of RFID readers, tags, sensor tags, sensor probes, and RFID-enabled data logging tags based on the ISO 15693 standard of high frequency (13.56 Mhz) RFID. HF RFID is ideally suited for applications requiring a secure 1-to-1 device write and read. ProximaRF joins Altitude Organic Corporation as a wholly-owned subsidiary of Tranzbyte.

According to Tranzbyte's president, David Gwyther, "ProximaRF will add versatility as well as intellectual and physical property to Tranzbyte's 8-year old technology division. In addition to its currently expanding product line, I believe ProximaRF has the capability for the future development of RFID-related products intended to support future Altitude Organic-managed dispensaries. Future announcements by Altitude Organic regarding those initiatives will be forthcoming."

High frequency RFID is valuable for adding data security, providing the ability to monitor user actions/business processes, automate accurate data collection/ retention and establish records from which to improve efficiencies and accountability for processes. Due to the unique identification assigned to each tag or sensor tag at production, and the ability to store larger amounts of data to each device than competing technologies, HF RFID is often chosen for applications where users require the ability to track objects or tasks individually and where they would like to be able to store additional product information or records directly with the item for efficient recovery and reference.

Originally founded to develop mobile RFID solutions for plant and field maintenance, Proxima has expanded to build on the traditional read and write uses of the secure technology by creating a unique line of passive (battery-free) HF RFID sensor tags and probes. Proxima RF is the only company today to offer both a complete suite of its own HF RFID readers and passive RFID sensor products.

In partnership with a European based RFID chip manufacturer, Melexis Microelectronic Systems, Proxima RF is developing a new line of passive RFID sensors and probes based on the emergence of new passive sensing chip technology. Utilizing the proprietary Melexis chip, the ProximaRF sensor tags and probes offer the full read and write functionality of standard RFID tags, with the added ability to provide sensor information through a single scan with a Proxima reader.

In late 2011, ProximaRF launched its proprietary RFID-enabled temperature sensor tags and temperature sensor probes to market, generating immediate sales and trial applications. Through this arrangement, Proxima RF products are currently undergoing field trials or being deployed in several national grocery retail stores and restaurants, as well as state utility commissions.

Proxima RF is working to increase its network of distributors and value-added resellers. With its "Proxima RF" line of RFID readers, sensor tags, sensor probes and data logging products, the Company seeks out opportunities with partners who have a unique software offering within market verticals where the implementation of secure data collection and temperature sensing bring real and immediate ROI to users. These key markets include: food safety, cold chain logistics and healthcare/pharmaceutical as well as factory and field maintenance applications.

ABOUT TRANZBYTE

The Tranzbyte Corporation now becomes a driving force behind Altitude Organic Corporation. The company expects to continue its plan to acquire, hold, or spin out successful divisions in what has been described in previous news releases as "dividend farming," Companies that qualify and decide to become public on their own will agree to carve out shares for Tranzbyte and their ERBB shareholders.

In early 2012, Tranzbyte acquired ProximaRF – a leading-edge technology company that produces a line of products supporting innovative uses for RFID technology.

Tranzbyte also houses the company's 8-year-old technology division which is actively engaged in the sale of its optical media enhancement products to potential customers in the US and Asia. Products in the Tranzbyte division include FLASHAlbum™ and FlixStix™ -- technologies that enable distributors of optical media (CDs, DVDs, etc.) to consolidate the best features of each medium onto a single content-protected USB flash drive.

ABOUT PROXIMARF AND APPLIED RFID

Proxima RF Technology Holding Corp. and its wholly owned operating subsidiary, ProximaRF Technology Corporation support a versatile and leading-edge portfolio of RFID reader, sensor tag and data logging products based on the ISO 15693 standard of high frequency (13.56Mhz) RFID.

The company has plans to increase its network of distributors and value-added resellers. With its "Proxima RF" line of RFID readers, sensor tags, sensor probes and data logging products, the Company seeks out opportunities with partners who have a unique software offering within market verticals where the implementation of secure data collection and temperature sensing bring real and immediate ROI to users. These key markets include: food safety, cold chain logistics and healthcare/pharmaceutical as well as factory and field maintenance applications

ABOUT ALTITUDE ORGANIC CORPORATION

Altitude Organic Corporation www.altitudeorganix.com provides independently-owned retail dispensaries in Colorado, California , and Arizona specialized business support services, while also acting as a one-stop-shop for entrepreneurs looking to enter the burgeoning, multi-billion dollar industry of legal cannabis. Altitude Organic Corporation has launched its new management company strategy in Arizona. The company can manage, staff, consult, and provide uniquely branded products and concepts to medical marijuana dispensaries using a limited liability agreement. The company also sells horticulture equipment via its partnership in Sundance Hydroponics (http://www.sundancehydroponics.com/). Visit http://www.altitudeorganix.com today.

NOTES ABOUT FORWARD-LOOKING STATEMENTS

Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission reports and filings. Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.

Company and Contact:

David G. Gwyther , President
Tranzbyte Corporation
14220 N. Northsight Blvd., Suite 139
Scottsdale, Arizona 85260
480-443-1600
info@tranzbyte.com
www.altitudeorganix.com

Brian J. Cook, President
Altitude Organic Corporation
14220 N. Northsight Blvd., Suite 139
Scottsdale, AZ 85260
info@altitudeorganix.com
www.altitudeorganix.com

Victor Elias, President
elias@proximarf.com
ProximaRF Technology Holding Company

ProximaRF Corporate Office:

14220 N. Northsight Blvd.
Scottsdale, AZ 85260
480-443-1600
www.proximarf.com

SOURCE Tranzbyte Corporation

AltheaDx Certified as Authorized Customer Service Provider by Ion Torrent

Mon, 06 Feb 2012 12:00:00 +0000

AltheaDx Certified as Authorized Customer Service Provider by Ion Torrent

PR Newswire

SAN DIEGO, Feb. 6, 2012 /PRNewswire/ -- AltheaDx announced today that it has achieved authorized customer service provider (CSP) status in Ion Torrent's new service provider program. The CSP certification formalizes AltheaDx's extensive training and testing under the guidance of Ion Torrent personnel to produce the highest quality sequence data.

Ion Torrent has revolutionized DNA sequencing through their pioneering use of semiconductor technology and simple chemistry instead of light as an intermediary signal. Ion Torrent technology translates the chemical signals into digital information, massively increasing the speed and decreasing the cost of DNA sequencing, thus enabling applications in nucleic acid-based biomarker discovery and clinical trial support that have been heretofore unachievable.

Francois Ferre, Ph.D., CEO of AltheaDx commented that "Implementation of next-generation sequencing is a natural addition to AltheaDx's suite of nucleic acid-based testing services, where for the past 14 years we have supported our pharma partners in over 450 studies. Furthermore, the speed and ease with which we can develop and validate new customized assay designs using the Ion Personal Genome Machine (PGM™) has completely changed our approach to supporting their translational biomarker development efforts."

Joe Monforte, Ph.D., CSO, of AltheaDx added, "We are excited about the evolution of NGS platforms and their specific utility in the molecular pathology lab setting. We are already implementing this platform for use in clinical studies. The fact that LIFE has laid out a diagnostic path for the Ion Torrent device means that we can now push ahead several of our companion diagnostic programs based on NGS."

Maneesh Jain, Vice President of Marketing and Business Development at Ion Torrent indicated that "AltheaDx was among our first early access sites and now we are very pleased to have them on board not just as an Ion Torrent Authorized Customer Service Provider for the Ion PGM, but as a partner who will help extend the boundaries of Next Generation Sequencing."

About AltheaDx, Inc.:  

AltheaDx, a leading San Diego-based diagnostic development and testing company, provides clinical biomarker discovery, assay development and validation services that support researchers worldwide in their efforts to utilize genomic information for the advancement of novel therapies. AltheaDx plays a critical role in helping pharma to discover and validate biomarkers that can predict drug response, and then to provide an efficient seamless commercialization path to bring the tests to market. The goal of AltheaDx is to reduce the time, risk, and cost of therapeutic development for pharma partners. 

For more information, visit www.altheadx.com  

About Life Technologies:

Life Technologies Corporation (NASDAQ: LIFE) is a global biotechnology company dedicated to improving the human condition. Our systems, consumables and services enable researchers to accelerate scientific and medical advancements that make life even better. Life Technologies customers do their work across the biological spectrum, working to advance the fields of discovery and translational research, molecular medicine, stem cell-based therapies, food safety and animal health, and 21st century forensics. The company manufactures both molecular diagnostic and research use only products. Life Technologies' industry-leading brands are found in nearly every life sciences lab in the world and include innovative instrument systems under the Applied Biosystems and Ion Torrent names, as well as, the broadest range of reagents with its Invitrogen, GIBCO, Ambion, Molecular Probes and Taqman products. Life Technologies had sales of $3.6 billion in 2010, has a workforce of approximately 11,000 people, has a presence in approximately 160 countries, and possesses one of the largest intellectual property estates in the life sciences industry, with approximately 3,900 patents and exclusive licenses. For more information on how we are making a difference, please visit our website: http://www.lifetechnologies.com.

CONTACT: Steven Daniel, +1-760-532-9759, sdaniel@altheadx.com

SOURCE AltheaDx

John Engelen Joins CHS Inc. as Vice President, Government Affairs

Fri, 03 Feb 2012 18:46:02 +0000

John Engelen Joins CHS Inc. as Vice President, Government Affairs

PR Newswire

ST. PAUL, Minn., Feb. 3, 2012 /PRNewswire/ -- CHS Inc. (NASDAQ: CHSCP), the nation's leading farmer-owned cooperative, today announced John Engelen has been named vice president of Government Affairs, effective Feb. 20. Engelen will lead the company's federal and state government affairs, serving as CHS lead representative on a wide range of energy, grain, agriculture, cooperative and other issues with Congress, and federal and state agencies. He will also manage the company's Washington, D.C., government affairs office. Engelen will be based at CHS headquarters in St. Paul and report to Patrick Kluempke, executive vice president, Corporate Services.

(Photo: http://photos.prnewswire.com/prnh/20120203/CG47424)

"We are very pleased to have John join CHS," said Kluempke. "He brings significant insight and experience on many issues that are important to CHS diverse energy, grains and foods business portfolio, and to our member cooperatives and producer owners."

Engelen brings more than 25 years experience managing a wide range of legislative issues at the federal, state and local level. Most recently, he served as vice president, Office of Governmental and Community Affairs, Emory University, Atlanta, Ga., where he focused on policy issues, including health care, higher education, research, energy, food safety, public and global health, animal welfare and transportation. Prior to joining Emory University, he directed federal relations for the University of Minnesota where he implemented a comprehensive federal relations program to advance advocacy for the land-grant research university. He has also held government relations positions at two Fortune 500 companies, and served on U.S. Senator Dave Durenberger 's (R-MN) legislative policy staff.

Engelen earned a bachelor's degree in political science from the University of St. Thomas, St. Paul, Minn.

CHS Inc. (www.chsinc.com) is the nation's leading cooperative, owned by farmers, ranchers and co-ops across the United States. A diversified energy, grains and foods business and a Fortune 100 company, CHS is committed to providing the essential resources that enrich lives around the world. CHS supplies energy, crop nutrients, grain, livestock feed, food and food ingredients, along with business solutions including insurance, financial and risk management services. The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products. CHS preferred stock is listed on the NASDAQ at CHSCP.

SOURCE CHS Inc.

Strengthening measures to protect Canada from the Asian long-horned beetle

Fri, 03 Feb 2012 02:10:00 +0000

OTTAWA, February 2, 2012: The Canadian Food Inspection Agency (CFIA) has introduced new requirements to prevent the introduction and spread of the Asian long-horned beetle, a pest that could seriously threaten Canada’s forests and trees.
“The Government of Canada is committed to protecting Canada’s plant resource base. This is another step towards protecting Canada’s environment, forests and agricultural resources from harmful pests,” said Agriculture Minister Gerry Ritz. “These new restrictions build on existing controls and are expected to lead to the eventual eradication of this pest in Canada.”
Under the new rules, logs and dried branches of host trees, and firewood of all species, cannot be imported from areas of the United States where this beetle is present. Logs of host trees and firewood of all species cannot be moved from the regulated area located within the Greater Toronto Area. In Canada, this beetle has only been found in the Greater Toronto Area where it was last detected in 2007.
Lumber, wood and bark chips from tree species targeted by Asian long-horned beetles must be certified to be free of the insect when imported from the areas in the United States where this beetle is present or when moved out of the regulated area located within the Greater Toronto Area.
Trees affected by the Asian long-horned beetle include birch, elm, hackberry, horsechestnut, maple, mountain ash, plane (sycamore), poplar, white silk and willow.
For more information on these new restrictions and Canada’s efforts to combat harmful insects , please visit www.inspection.gc.ca/pests.
For media inquiries
Canadian Food Inspection Agency Media relations: 613-773-6600
Additional information

D-11-05 : Phytosanitary Requirements for Non-Manufactured and Non-Propagative Wood Products to Prevent the Introduction from the Continental United States and Spread Within Canada of the Asian Long-horned Beetle, Anoplophora glabripennis (Motschulsky)
Asian long-horned beetle – Questions and Answers

Calories on Menus in Ireland

Thu, 02 Feb 2012 13:10:00 +0000

Thursday, 2 February 2012

The Food Safety Authority of Ireland today announces a national consultation to seek opinions on the best way of putting calorie information on menus in Ireland. This is an initiative Minister Reilly announced late last year by writing to Fast Food Outlets and Cafes requesting that they consider including calories on their menus. Ireland currently has the second highest rate of obesity in Europe and research shows that displaying ‘calories on menus’ helps consumers to make healthier and more informed choices about what they eat and encourages them to eat smaller portions. The consultation launched today by Dr James Reilly T.D., Minister for Health, is an opportunity for consumers and the food industry to give their views on how ‘calories on menus’ can be best implemented in Ireland. All interested parties are invited to comment and to facilitate maximum participation the consultation involves completing a short online questionnaire on our website. The consultation will close on 29^th February 2012.

The information provided in this public consultation will form the basis to develop the best system for placing calorie information on menus in Ireland. This will include technical guidance for food service businesses. In addition, the FSAI will, where possible, provide necessary support for the industry. Internationally, it has been shown that when calories are displayed on menus people consume fewer calories.

Food law in America and Australia ensures that in large food outlets consumers can see the amount of calories in the foods for sale beside the price when making their choice. Research in America found that when calorie information is shown on menus people ate152 fewer calories in hamburger restaurants; 73 fewer calories in sandwich bars and ate 6% fewer calories overall.

Speaking at the launch today, Dr. James Reilly T.D., Minister for Health said that if calorie intakes were reduced by this amount in Ireland as a result of displaying calories on menus it would have a significant impact on our obesity problem.

“In Ireland, two out of every three men and over half of all women are either overweight or obese. Of great concern too is that we are seeing year on year growth in the number of our children and teenagers who are overweight. Heart disease, cancer, stroke and type 2 diabetes are all conditions aggravated by obesity, particularly when it occurs at younger ages. We need this type of initiative to help people help themselves to avoid such conditions. Information about the amount of calories you will consume in the foods and drinks you are choosing is fundamental to enabling people make healthier choices. Displaying calories on menus has been shown to be effective in other countries in this regard. We want to emulate that success here and I have already had a very positive response from fast food outlets and cafés and would strongly encourage the wider food service sector in Ireland to embrace this initiative,” says Dr. Reilly.

According to Dr. Mary Flynn, Chief Specialist Public Health Nutrition, FSAI, one of the key issues is that people are not aware that some snacks they choose provide almost all of the calories they need in a day.

“People are choosing large portion sizes for better value. They are welcoming ‘free’ side dishes, extra toppings as well as sauces with no idea of the amounts of hidden calories they may contain. At this stage in Ireland, we’re used to the ‘buckets ‘of popcorn and litre-sized drinks and we don’t notice the extra-thick bread and large rolls in sandwich bars. On top of all this we’d probably feel cheated if food businesses offered us reasonable portion sizes. In effect all of this promotes oblivious overeating by many of us on a regular basis,” she says.

“Food businesses supply what consumers demand. Research has shown that putting calories on menus creates a demand for healthier options and smaller portion sizes. The feedback received in this consultation will be instrumental in developing a working model for placing calories on menus in Irish food service business that works best for Irish consumers and the food industry. We recognise that putting calories on menus will not be an easy task for food businesses - in particular, for smaller food businesses; it will require technical tools to calculate nutritional content and support from nutritional experts. The FSAI is currently exploring a number of ways that support can be provided to food businesses during any transitional period,” she concluded.

Two booklets are available from the website homepage outlining information on What People need to Know about putting Calories on menus in Ireland and Putting Calories on menus – Draft Technical Guidance for Food Businesses. The FSAI is seeking consumer feedback to ascertain how best calorie information should be displayed and in what outlets would consumers most like to see calories on menus. The FSAI especially invites food service businesses to give their views on how best calories on menus can be implemented in Ireland. In particular, it is keen to hear about the support that these businesses would require to put calorie information on their menus. Feedback is also welcome from all other interested parties including health professionals, Food Law Experts and Environmental Health Officers

All opinions and views submitted in this consultation will be considered in the development of an overall framework for the way calorie content is calculated and displayed in menus in Ireland.

Link to Consumer Questionnaire

Link to Industry Questionnaire

Ronnie Andrews Joins Life Technologies as President, Medical Sciences

Thu, 02 Feb 2012 13:00:00 +0000

Ronnie Andrews Joins Life Technologies as President, Medical Sciences

Leveraging 25-Plus Years Diagnostic Industry Experience, Andrews Will Shape Life Technologies Molecular Diagnostics Business

PR Newswire

CARLSBAD, Calif., Feb. 2, 2012 /PRNewswire/ -- Life Technologies Corporation (NASDAQ: LIFE) today announced that Ronnie Andrews, former CEO of Clarient and Segment Leader, GE Molecular Diagnostics, has joined the company as President, Medical Sciences. Andrews has more than 25 years of experience in the diagnostics industry, including leadership positions at companies such as Abbott Diagnostics and Roche Diagnostics.

As President, Medical Sciences at Life Technologies, Andrews will apply his expertise to expand Life's presence in the diagnostics and personalized medicine space through strategies including short and long term partnerships.

"Ronnie is one of the most dynamic and respected leaders in the diagnostic industry," said Gregory T. Lucier, Life Technologies' Chairman and Chief Executive Officer. "He adds to Life's management team a deep expertise in commercializing diagnostics, particularly in the molecular domain."

Andrews' accomplishments in diagnostics include:

GE Healthcare – As CEO Clarient and Segment Leader, GE Molecular Diagnostics, Andrews led integration of Clarient, maintaining 20 per cent annual growth and establishing a strategic plan to expand GE's presence in oncology diagnostics.
Clarient – As CEO, Andrews transformed former ChromaVision into a comprehensive cancer diagnostics company, leading the organization from $6MM in annual revenue to $120MM. He raised more than $50MM in capital to fund growth, obtained exclusive licenses for oncology biomarkers and successfully launched new molecular tests for cancers, including leukemia and melanoma. GE Healthcare purchased Clarient in December of 2010 for $587MM, a 5.8-fold multiple of sales.
Roche Molecular Diagnostics – As Senior Vice President, Global Marketing and Commercial Business Operations, Andrews directed annual growth rates of 20 per cent and was instrumental in building Roche's HIV molecular testing business, establishing molecular as the gold standard for infectious disease testing.

"Life has multiple platforms that can be leveraged in the diagnostics market in the near term," said Andrews. "It was the disruptive Ion Torrent technology, however, that tipped the scale for me to come on board."

Ion Torrent semiconductor sequencers offer unprecedented speed, scalability and simplicity. In 2012, the company plans to submit the Ion Personal Genome Machine™ for FDA clearance. Life also recently unveiled the Ion Proton™ Sequencer, which will sequence an entire human genome in several hours on a bench top for $1,000, a development expected to significantly accelerate personalized medicine.

In October 2011, Life announced an agreement with GlaxoSmithKline to develop a companion diagnostic for a GSK candidate cancer therapy, and the company's 7500 Fast Dx Real-Time PCR Instrument is FDA-cleared for use with the U.S. Centers for Disease Control and Prevention (CDC) H1N1 assay.

"I have a long-term and deep commitment to the principles of personalized medicine," said Andrews, "as well as a personal dedication to utilizing emerging molecular knowledge to advance our ability to manage complex diseases like cancer. I look forward to the opportunity to help build Life Technologies into a leader in the diagnostics space."

Andrews received his B.S. in Biology and Chemistry from Wofford College. He began his career with Abbott Diagnostics and also served as vice president of marketing for Immucor Inc.

About Life Technologies
Life Technologies Corporation is a global biotechnology company dedicated to improving the human condition. Our systems, consumables and services enable researchers to accelerate scientific and medical advancements that make life even better. Life Technologies customers do their work across the biological spectrum, working to advance the fields of discovery and translational research, molecular medicine, stem cell-based therapies, food safety and animal health, and 21st century forensics. The company manufactures both molecular diagnostic and research use only products. Life Technologies' industry-leading brands are found in nearly every life sciences lab in the world and include innovative instrument systems under the Applied Biosystems and Ion Torrent names, as well as, the broadest range of reagents with its Invitrogen, GIBCO, Ambion, Molecular Probes and TaqMan® products. Life Technologies had sales of $3.6 billion in 2010, has a workforce of approximately 11,000 people, has a presence in approximately 160 countries, and possesses one of the largest intellectual property estates in the life sciences industry, with approximately 4,000 patents and exclusive licenses. For more information on how we are making a difference, please visit our website: http://www.lifetechnologies.com.

Life Technologies' Safe Harbor Statement
This press release includes forward-looking statements about Life Technologies' anticipated results that involve risks and uncertainties. Some of the information contained in this press release, including, but not limited to, statements as to industry trends and Life Technologies' plans, objectives, expectations and strategy for its business, contains forward-looking statements that are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Any statements that are not statements of historical fact are forward-looking statements. When used, the words "believe," "plan," "intend," "anticipate," "target," "estimate," "expect" and the like, and/or future tense or conditional constructions ("will," "may," "could," "should," etc.), or similar expressions, identify certain of these forward-looking statements. Important factors which could cause actual results to differ materially from those in the forward-looking statements are detailed in filings made by Life Technologies with the Securities and Exchange Commission. Life Technologies undertakes no obligation to update or revise any such forward-looking statements to reflect subsequent events or circumstances.

(Logo: http://photos.prnewswire.com/prnh/20110216/MM49339LOGO)

Life Technologies Contact :
Suzanne Clancy
760-602-4545
760-717-8294 (mobile)
suzanne.clancy@lifetech.com

SOURCE Life Technologies Corporation