Organetix Reports Significant Progress Towards Completion of Definitive Merger Agreement with Kid Fitness, Inc.

Organetix Reports Significant Progress Towards Completion of Definitive Merger Agreement with Kid Fitness, Inc.

NEW YORK, July 20 /PRNewswire-FirstCall/ -- Organetix, Inc. (BULLETIN BOARD: OGTX) has today reported significant progress towards completing a definitive merger agreement ("definitive") with privately held Kid Fitness, Inc. ("Kid Fitness"). On July 5, 2007 Organetix announced a Letter of Intent ("LOI") to acquire Kid Fitness, a New York based media Company aimed at improving the fitness and well being of children. Although there can be no guarantees, the Company is optimistic it will execute the definitive in the very near future. The negotiations have progressed smoothly thus far and both Companies believe it is in the best interest of its respective shareholders to proceed with the transaction. When and if a definitive is signed, Organetix will request both a name and symbol change to better reflect the new direction of the business.

Organetix Chief Executive Seth M. Shaw commented, "Both parties have put in significant time and effort evaluating the merits of this proposed transaction. I have great confidence in Kid Fitness' future prospects and look forward to the completion of a definitive agreement in a timely manner. I thank our shareholders for their continued patience and assure them that management will work tirelessly to create shareholder value."

About Organetix Inc.

Organetix Inc. (BULLETIN BOARD: OGTX - News) has defined its short-term strategy as evaluating potential acquisition candidates to both restore and create shareholder value. The Company entered into a Letter of Intent on July 03, 2007 with New York based privately held Kid Fitness, Inc. The Company is currently working towards the execution of a definitive merger agreement with Kid Fitness, although there are no guarantees a deal will be consummated.

About Kid Fitness, Inc.

Founded in 2003, Kid Fitness, Inc. has developed comprehensive media based programs to assist young children in improving fitness and health. Specifically the Company's exercise programs target a growing national health concern known as Child Obesity. The Company has a multi-year contract with American Public television, a national program distributor of PBS. Kid Fitness has just completed series 200, which consists of 13 episodes produced in high definition, and is now available in more than 82 million American households. Please visit the website at www.kidfitnesstv.com.

Disclaimer

This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, statements regarding benefits of the proposed acquisition and other forward-looking terminology such as "may," "expects," "believes," "anticipates," "intends," "projects" or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein.

Web site: http://www.kidfitnesstv.com

Source: Organetix Inc.

CONTACT: Mr. Seth M. Shaw, Interim President & CEO of Organetix, Inc.,
(cell) +1-917-796-9926

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Profile: International Entertainment