LYNX Lyntris Inc.

“We have identified material weaknesses in our internal control over financial reporting. If we are unable to remediate these material weaknesses or maintain effective internal controls, the accuracy and timeliness of our financial reporting may be materially adversely affected”

“if we are unable to remediate the material weaknesses we have identified in our internal control over financial reporting or to maintain effective internal controls, the accuracy and timeliness of our financial reporting may be materially adversely affected”

“we did not design and maintain effective process-level controls for identifying and assessing existing and potential transactions with related parties”

“we did not design and maintain effective information technology general controls for certain information systems supporting our key financial reporting processes, including segregation of duties, security administration and change management”

“we did not design and maintain sufficient segregation of duties over the performance of certain financial close processes, including over the review and approval of manual journal entries”

“we did not design and maintain effective process-level controls over certain key business processes supporting our financial reporting, including controls that are sufficiently precise, performed consistently and timely, and formally documented”

“Based upon such evaluation, due to the material weaknesses in internal control over financial reporting described below, our principal executive officer and principal financial officer have concluded that our disclosure controls and procedures are not effective at a reasonable assurance level as of the end of the period covered by this Quarterly Report on Form 10-Q.”

“our ability to remediate the identified material weakness in our internal control over financial reporting; anti-takeover provisions in our organizational documents and under Delaware law could delay or prevent a change of control”