Lifeline Biotechnologies previously received two patents on its First Warning System?„? hardware and has in the past year filed for a patent on the technological advancements of the First Warning System?„? software. The software has achieved the robust capability of identifying and classifying tissue abnormalities of the breast with sensitivities (ability to identify) of 95% to 100% and specificities (verify) of 87% to 90%. Currently, it is widely recognized that mammograms miss an estimated 20 to 30% of the breast cancers.

Lifeline competes in the money markets for funds to continue the development of its products as well as supporting operating and administrative expenses. The cost of funds, for companies such as Lifeline is expensive and the terms have been, and may continue to be dilutive. The Company is seeking other means of financing in an effort to reduce the dilutive aspects.

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