Exhibit 99.2

Organetix Signs Letter of Intent to Merge With New Mexico Based Laser Developer
Volius, Inc.

Wednesday September 27, 3:10 pm ET

NEW YORK, Sept. 27, 2006 (PRIMEZONE) -- Organetix Inc. (OTC BB:OGTX.OB - News)
has today announced that it has executed a Letter of Intent ("LOI") with Los
Alamos, New Mexico based Volius, Inc., a leading developer of fiber lasers
utilized for a broad range of applications in the engineering, industrial,
medical, aerospace, and marking industries. The next step towards the completion
of the proposed merger would be the execution of a definitive merger agreement,
based on terms set fourth in the Letter of Intent (which shall be disclosed in a
form 8K filing). While there can be no assurances moving forward, management of
Organetix is confident about the successful completion of a definitive merger
agreement with Volius, at a future date.

Volius, Inc., of Los Alamos, NM, provides a broad array of high power fiber
laser devices supporting applications in the aerospace, material processing, and
telecom sectors. (http://www.volius.com) Volius is focused on strengthening its
position in these markets with an expanded customer base, new technologies, and
gaining greater operational efficiencies. Volius started generating meaningful
revenues earlier this year and expects to shortly commence a comprehensive
audit, requisite for any type of reverse merger with a reporting Company (such
as Organetix, Inc.).

Fiber lasers offer significant advantages over existing lasers including
addressing a greater array of applications, increased power capacity, and
significantly lower lifetime costs. According to Strategies Unlimited, the fiber
laser market is estimated to grow at a compound annual growth rate of
approximately 39% from $131M in 2005 to $673M by 2010. The total available
market for fiber lasers will grow 9% from $1.8B in 2005 to $2.8B by 2010. Their
penetration is estimated to grow from 7% to 24% of the total available market
during that time period.
(http://su.pennnet.com/press_display.cfm?ARTICLE_ID=252574).

Dr. David Hostelley, president of Organetix commented, "We are delighted to have
entered into formal negotiations to merge with a cutting edge technology
company, focused on gaining marker share in a large industry. We will do our
best to successfully work towards a definitive merger agreement over the next
weeks and months. We believe that the successful completion of merger with
Volius could greatly enhance shareholder value for owners of stock in both
companies."

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.

Contact: Organetix, Inc.
         Antonio Treminio
         (212) 315-9705
         (917) 660-5755, Cell