Pennystock OCLG, Oncologix Issues Statement About Current Status

Ms. Judy Lindstrom, the newly elected chairperson of Oncologix Tech, Inc. (OTCBB: OCLG), released the following statement today:

"Although we have suspended operations due to insufficient capital, all those with an interest in our Company should be assured that the officers and directors are continuing efforts to raise funds or enter into arrangements to permit us to resume the development of the Oncosphere product. Testing to date has demonstrated that Oncosphere provides features sought by physicians and patients, such as improved predictability of radiation and microsphere content and the ability to image the treatment post delivery. We remain convinced that the Oncosphere product is an important advancement for microsphere brachytherapy and patients with liver cancer."

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