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Akkadix announces the appointment of two new vice presidents

La Jolla, California
July 10, 2000

Akkadix Corporation, an international agricultural gene discovery and functional genomics company announced today that it has named two new Vice Presidents to its management team:

David Cohen has joined Akkadix as its Vice President and Chief Financial Officer. Prior to Joining Akkadix, Mr. Cohen has served as the Chief Financial Officer for a number of other entities, including RPS Corporation, The Kiosk Food Company, Inc. and J.D Michael & Co. In these positions he has been responsible for corporate finance, budgeting, financial reporting, regulatory compliance and investor relations. Mr. Cohen, a Certified Public Accountant, earned a B.S. degree in Accounting from the University of Cape Town in South Africa.

John Sanders has joined Akkadix in the capacity of Vice President, Intellectual Property. Prior to joining Akkadix, Mr. Sanders was General Patent and Trademark Counsel for Dow AgroSciences / Mycogen Corporation. He previously held patent counsel positions at The Nutrasweet Company, S.C. Johnson & Sons, International Minerals and Chemicals Corp. and The Dow Chemical Company. Mr. Sanders earned a BS in Pharmacy at the University of Illinois’ Medical Center College of Pharmacy, and holds both a J.D degree and an LLM degree in International Property Law from The John Marshall Law School in Chicago. Mr. Sanders, a registered patent attorney, is also licensed as an attorney in a number of states.

Gary Richardson, President and COO of Akkadix: "We are now at a stage where we are rapidly expanding our activities and our intellectual property base. In the past several months we have filed 11 patent applications on inventions arising from our internal and collaborative research. In addition, we have licensed in technology covered by more than 20 patents and/or applications based on the work of others. We will make good use of the expertise of Mr. Cohen and Mr. Sanders in managing our resources and developing sound business and intellectual property strategies as we continue to grow."

Akkadix Corporation is a global agricultural biotechnology company that uses gene discovery, functional genomics, bioinformatics, plant breeding and other technologies for the discovery and delivery of novel plant traits which improve health and safety, increase production, lower costs, help preserve the environment and create new opportunities for agriculture.

Company news release
N2817

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