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Axygen completes strategic investment in China
October 2004, Minneapolis

The Principals of ShoreView Industries are pleased to announce that Axygen, Inc., a ShoreView portfolio company, has acquired the assets of V-Gene Biotechnology Limited.  V-Gene is a developer and manufacturer of DNA/RNA purification kits and other laboratory consumables based outside of Shanghai, China.
 
The acquisition expands Axygen's product line, design capability, and provides the Company with an overseas manufacturing platform.   It represents Axygen's third acquisition in 2004.
 
ShoreView assisted Axygen in the acquistion of the Company.

The Principals of
ShoreView Industries
are pleased to announce the acquisition of
V-gene

V-Gene Biotechnology Limited



Committed to partnering with established entrepreneurial companies.

Robert Davis
Jeffrey Mudge
David Wakefield
Dan Kubes

Minneapolis
October 2004

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