SentiSearch, Inc. (SSRC)

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SentiSearch, Incorporated is a Delaware corporation that was incorporated on October 3, 2006. The Company was previously a wholly-owned subsidiary of Sentigen Holding Corp. (Sentigen) and was incorporated solely for the purposes of holding the olfaction intellectual property assets of Sentigen and its then subsidiary, Sentigen Biosciences, Inc. (Sentigen Biosciences). Prior to the merger between Sentigen and Invitrogen Corporation (Invitrogen) that was consummated on December 1, 2006, Sentigen separated its olfaction intellectual property assets from the businesses to be acquired by Invitrogen. This separation was accomplished through the contribution of Sentigen's olfaction intellectual property assets to the Company on October 10, 2006 and the subsequent spin-off in which Sentigen distributed 100% of its ownership interest in them. As a result of this spin-off, SentiSearch became a public, stand-alone company. The olfaction intellectual property assets that the Company holds mainly consist of an exclusive worldwide license issued by The Trustees of Columbia University in the City of New York, and certain patent applications titled ‘Nucleic Acids and Proteins of Insect or 83b odorant receptor genes and uses thereof'. SentiSearch is currently a development stage company and has a limited operating history. SentiSearch faces competition mainly from universities, including Yale University and Vanderbilt University, who are conducting the research and have patent applications pertaining to areas relevant to olfaction technology. In the event SentiSearch is able to commercialize its research and development activities and depending on the development objectives and uses of any of its potential products, the Company might become subject to government regulation by certain government agencies including the Food and Drug Administration and the Environmental Protection Agency.