Chromos Molecular Systems Inc. Announces Timing of Closing of Arrangement

NORTH VANCOUVER, Sept. 23 /CNW/ - Chromos Molecular Systems Inc. ("Chromos" or the "Company") announced that the parties to the previously announced plan of arrangement (the "Arrangement") involving, among others, Chromos, Calyx Bio-Ventures Inc. ("Calyx"), a wholly-owned subsidiary of Chromos, and Modatech Systems Inc. under section 288 of the Business Corporations Act (British Columbia) have entered into an agreement to extend the closing of the Arrangement as the parties continue to work towards the satisfaction of related closing conditions. The closing of the Arrangement is now currently scheduled to take place at the end of October 2008.