ITUS Board Member Dr. Arnold Baskies Appointed Chairman of the American Cancer Society

LOS ANGELES, CA--(Marketwired - January 23, 2017) - ITUS Corporation ("ITUS") (NASDAQ: ITUS), today announced that Dr. Arnold Baskies, a member of the ITUS Board of Directors and a scientific advisor to the company, has become the Chairman of the National Board of Directors of the American Cancer Society. As the American Cancer Society Chairman, Dr. Baskies will guide the activities of the most influential, volunteer lead cancer organization in the world.

Robert Berman, ITUS's President and CEO stated, "We congratulate Dr. Baskies on this momentous and prestigious achievement. In the relatively short period of time that Dr. Baskies has been affiliated with ITUS, his contributions to our company have been invaluable. Dr. Baskies' willingness to continue to work with ITUS despite his new responsibilities at American Cancer Society are a testament to his selflessness and passion to improve the lives of cancer patients."

Headquartered in Atlanta, Georgia, and with regional and local offices throughout the country, the American Cancer Society is the largest voluntary health organization in the United States and is dedicated to eliminating cancer as a major health problem throughout the world. Among its many activities, the American Cancer Society funds cancer research, promotes cancer prevention and early detection, and provides information and support for cancer patients and their families.

To learn more about Dr. Baskies, and for all of the latest information about ITUS, please visit our newly designed website at www.ITUScorp.com. We have several new features to better inform our shareholders and the investing community, including a narrated version of our corporate presentation.

ITUS Corporation
ITUS funds, develops, acquires, and licenses emerging technologies in areas such as biotechnology. The Company is developing a platform called Cchektm, a series of non-invasive blood tests for the early detection of solid tumor based cancers, which is based on the body's immunological response to the presence of a malignancy. Additional information is available at www.ITUScorp.com.

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