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* Investors Profile; facts not fiction
@ 2004-08-17  8:57 Solomon J. Maddox
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From: Solomon J. Maddox @ 2004-08-17  8:57 UTC (permalink / raw)


                        The Growth Stock Report
                                    
                            Breaking News!!
                                    
        Genex Pharmaceuticals (OTCBB: GENX.OB) EARNINGS RELEASE:
                                    
           Genex Pharmaceutical 2nd Quarter Revenue Up 432%.
           Gross PR0FIT Up 380% as Genex's Net INC0ME Soars.
        Sees Continued Earnings Momentum for Remainder of 2004.
                                    
         ______________________________________________________
		 
		 
                      Monday August 16, 9:28 am ET

NEW YORK-- (BUSINESS  WIRE) --Aug.16, 2004 -- Genex Pharmaceutical, Inc.
(Stock Symbol:  GENX.OB) announced  financial  results  for  its  second
quarter ending June 30, 2004.

The following are some of the  highlights in its recent quarterly filing
with the SEC:

432% in-crease in revenue for Q2 2004 compared to Q2 2003.

874% in-crease in revenue for 6 months ended June 30, 2004  compared  to
same period last year.

Significant  in-crease in net INC0ME for Q2 2004 compared to Q2 2003 and
for the 6 month period ended  June  30,  2004 as compared to same period
last year.

380% in-crease in Gross PR0FIT for Q2 2004 compared to Q2 2003.

840% in-crease in Gross PR0FIT for  6  months  ended   June   30,   2004
compared to same period last year.

         ______________________________________________________


                                REVENUE

For the three month period ended June  30, 2004 as compared to the three
month period ended June  30,  2003,  Genex  generated  net  revenues  of
$525,750  and $98,763, respectively, reflecting an in-crease of $426,987
or 432%.  The in-crease  in  revenues  was primarily attributable to the
commercialization of  the  company's  main  product,  RBX,  as  well  as
in-creased  marketing  efforts,  which  resulted  in  in-creases  in our
customer base and related volume of recurring and new customer sales.

For the six month period ended  June  30, 2004 as compared to the period
ended June 30, 2003,  Genex  generated  net  revenues  of  $961,958  and
$98,763,  respectively, reflecting an in-crease of $863,195 or 874%. The
in-crease   in   revenues    was    primarily    attributable   to   the
commercialization of  the  company's  main  product,  RBX,  as  well  as
in-creased  marketing  efforts,  which  resulted  in  in-creases  in our
customer base and related volume of recurring and new customer sales.

         ______________________________________________________


                               NET INC0ME

The company's net INC0ME was $218,595  for the six months ended June 30,
2004, an in-crease of $242,524 compared  to  $(23,929)  for  the  period
ended  June  30,  2003.  The  in-crease is attributed to the substantial
growth in the demand  for  our  products  throughout China and continued
development and implementation of our business during 2004.

Net INC0ME was $151,904 for the three months ended  June  30,  2004,  an
in-crease  of  $175,833 compared to ($23,929) for the three months ended
June 30, 2003. The in-crease is  attributed to the substantial growth in
the demand for the Company's products  throughout  China  and  continued
development and implementation of our business during 2004.

         ______________________________________________________


                              GROSS PR0FIT

Genex  achieved a gross PR0FIT of $758,040 for the six months ended June
30, 2004, an in-crease of $677,403  or 840%, compared to $80,637 for the
period ended June 30, 2003.  Gross margin, as a percentage of  revenues,
decreased  from  82%  for the six months ended June 30, 2003, to 79% for
the period ended  June  30,  2004.   The  decrease  in  gross margin was
primarily  attributable  to  commercialization  of  the  company's  main
product, RBX, and in-creased sales of products.

Genex achieved a gross PR0FIT of $386,750 for  the  three  months  ended
June 30, 2004, an in-crease of $306,113 or 380%, compared to $80,637 for
the  three  months ended June 30, 2003. Gross margin, as a percentage of
revenues, decreased from 82% for  the  three months ended June 30, 2003,
to 74% for the three months ended June 30, 2004. The decrease  in  gross
margin  was primarily attributable to commercialization of the Company's
main product, RBX, and in-creased sales of products.

"We are seeing significant  in-creases  in revenues and PR0FITABILITY as
we respond to growing customer demand for RBX. We see continued earnings
momentum for the remainder of 2004," said Chairman and  Chief  Executive
Mr. Fuzhi Song.

         ______________________________________________________


                    About Genex Pharmaceutical, Inc.

Genex  Pharmaceutical,  Inc.  is  a  biomedical  technology company with
distinctive proprietary technology for  an orthopedic device that treats
bone-related injuries. Headquartered  in  Tianjin,  China,  the  Company
manufactures  and distributes Reconstituted Bone Xenograft (RBX), to 400
hospitals in 22 provinces throughout  mainland China. RBX is approved by
the State Food and Drug Administration  (SFDA)  in  China  (the  Chinese
government  agency that regulates drugs and medical devices). RBX offers
a modern  alternative  to  traditional  methods  of  treating orthopedic
injuries.

       
              Good Luck and Succesful Trading. Go GENEX!!
			  
         ______________________________________________________


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related party  through  a  majority  stockholder,  supplies ninety-seven
percent of the company's raw materials:  reliance on two  customers  for
over  fifty  percent  of  their  business  and  numerous  related  party
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2004-08-17  8:57 Investors Profile; facts not fiction Solomon J. Maddox

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