Market Advisors, Inc. Initiates Coverage on Oncolin Therapeutics, Inc.
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HOUSTON--(Business Wire)-- Oncolin Therapeutics, Inc., (OTCBB:OCOL) announces that Market Advisors, Inc. has initiated coverage on the Company with an intermediate term price target of $1.45. Market Advisors coverage comes at a time when Oncolin is developing a new drug for brain cancer, ONC-127, which at present is in preclinical development. This innovative drug blocks the use (metabolism) of glucose, the key sugar used to produce energy in tumor cells. The Company has obtained an exclusive option agreement with the University of Texas M.D. Anderson Cancer Center which provides the Company the right to negotiate a license for five technologies relating to the treatment of various cancers over a nine month period. Officers of Market Advisors, Inc. have been in business since 1983 and have provided stock market research for their clients since 1985. Company officials have been frequently quoted in a wide array of financial publications such as the Wall Street Journal, Investors Business Daily, and Barron's. About Oncolin Therapeutics, Inc. Headquartered in Houston, Texas, Oncolin Therapeutics, Inc. is a publicly traded biopharmaceutical company that engages in the discovery, development and commercialization of novel selective anticancer therapies. Additional information about Oncolin can be found on the web at www.oncolinthera.com. Safe Harbor Statement This press release contains statements that may constitute forward-looking statements, including the company's ability to successfully acquire and develop technologies that are and may be acquired. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. The information and opinions in this analyst report were prepared by Market Advisors, Inc. (located in Nebraska) who does receive fees for services including preparation of this report. For this report, officers of Market Advisors, Inc received $3,000 from the Company. For additional information about Oncolin's future business and financial results, refer to Oncolin's Quarterly Report on Form 10-QSB for the quarter ended December 31, 2007 and Annual Report on Form 10-KSB for the year ended March 31, 2007. Oncolin Therapeutics undertakes no obligation to update any forward-looking statement that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise. Oncolin Therapeutics, Inc., Houston J. Leonard Ivins, 713-621-5208 Investors@oncolinthera.com Copyright Business Wire 2008
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