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Published on 12/22/2005 in the Prospect News Biotech Daily and Prospect News PIPE Daily.

New Issue: Acrongenomics settles $4 million private placement of stock

By Sheri Kasprzak

New York, Dec. 22 - Acrongenomics, Inc. said it has concluded a $4 million private placement.

The company sold 1 million shares at $4.00 each.

Proceeds from the offering will be used for development of its Nano-Jeta platform and for general corporate purposes.

Based in Athens, Greece, Acrongenomics is a nanobiotechnology company focused on nano-molecular diagnostics for the life sciences sector.

Issuer:Acrongenomics, Inc.
Issue:Stock
Amount:$4 million
Shares:1 million
Price:$4.00
Warrants:No
Settlement date:Dec. 16
Stock price:$4.79 at close Dec. 16

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