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| [November 26, 2012] |
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Viral Genetics, Inc. Announces Corporate Name Change to VG Life Sciences Inc. and Reverse Stock Split Effective November 27, 2012
SAN MARINO, Calif. --(Business Wire)--
Viral Genetics, Inc. (OTC Pink: VRAL) today announced that it has
changed its name to VG Life Sciences Inc. and that it has completed its
1-for-600 reverse stock split, both of which will take effect at the
open of trading on November 27, 2012. As of November 27, 2012, shares of
the Company's common stock will begin trading on a split-adjusted basis
on the OTC Pink market under the symbol "VRAL" with the fifth character
"D" added to the end of the trading symbol for a period of 20 business
days after November 27, 2012 to indicate the reverse stock split has
occurred. Thereafter, the Company's symbol will revert to its original
symbol "VRAL" until January 10, 2013. Effective January 10, 2013, a new
ticker symbol for the Company will be announced and thereafter will take
effect.
As previously disclosed, on November 27 every six hundred shares of
outstanding Viral Genetics, Inc. common stock will be automatically
combined into one share of VG Life Sciences Inc. common stock without
any change in the par value per share. This change reduced the number of
outstanding shares of common stock from approximately 1.9 billion to
approximately 3.2 million. No fractional shares were issued in
connection with the reverse stock split.
About VG Life Sciences Inc.
San Marino, California-based VG Life Sciences Inc., formerly known as
Viral Genetics, discovers and develops drug therapies from two
exclusively licensed platform technologies based on over 60 patents:
Metabolic Disruption (MDT) and Targeted Peptides (TPT). A
physician-initiated Phase I clinical trial of an MDT compound in
combination with Nexavar™ on Stage III and IV ovarian cancer patients is
ongoing at the Cancer Therapy and Research Center of The University of
Texas Health Science Center at San Antonio. A majority-owned subsidiary,
VG nergy (www.vgenergy.net),
is dedicated to exploring biofuel and agricultural applications for the
MDT platform. Founded in 1994, the biotech company is researching
treatments for drug-resistant cancer, Lyme disease, Strep, Staph and
Sepsis, and HIV/AIDS. For more information, visit www.viralgenetics.com.
About VG Energy
VG Energy, Inc. is an alternative energy and agricultural biotech
company that is a majority-owned subsidiary of VG Life Sciences Inc. VG
Energy holds the exclusive worldwide license to the Metabolic Disruption
Technology (MDT) patent rights for use in the increase of production of
various oils from algae, plants and seeds. VG Energy's pivotal
discoveries are expected to facilitate the biofuel industry in
overcoming its major obstacle in the area of production efficiency,
thereby leading to an increase in production yields that generate
economically viable returns on investment, allowing renewable biodiesel
to be competitive with fossil fuels. For more information, please visit http://www.vgenergy.net.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS:
This news release contains forward-looking statements that involve risks
and uncertainties associated with financial projections, budgets,
milestone timelines, clinical development, regulatory approvals and
other risks described by VG Life Sciences Inc. from time to time in its
periodic reports, including statements about its subsidiary, VG Energy,
Inc. None of VG Life Sciences Inc.'s drug compounds are currently
approved by the US Food and Drug Administration or by any comparable
regulatory agencies elsewhere in the world, nor are any
non-pharmaceutical products of VG Energy, Inc. commercialized. While VG
Life Sciences Inc. believes that the forward-looking statements and
underlying assumptions are reasonable, any of the assumptions could be
inaccurate, including, but not limited to, the ability of VG Life
Sciences Inc. to establish the efficacy of any of its drug therapies in
the treatment of any disease or health condition, the development of
studies and strategies leading to commercialization of those drug
compounds in the United States, the obtaining of funding required to
carry out the development plan, the completion of studies and tests on
time or at all, the successful outcome of such studies or tests, or the
successful commercialization of VG Energy, Inc.'s non-pharmaceutical
products. Therefore, there can be no assurance that the forward-looking
statements included in this release will prove to be accurate. In light
of the significant uncertainties inherent in the forward-looking
statements included herein, the forward-looking statements should not be
regarded as a representation by VG Life Sciences Inc. or any other
person that the objectives and plans of VG Life Sciences Inc. will be
achieved. VG Life Sciences Inc. disclaims any obligation to update these
forward-looking statements, except as required by law.

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