ADM Tronics to Trade on OTC Bulletin Board.

NORTHVALE, N.J.--(BUSINESS WIRE)--Dec. 17, 1998--ADM Tronics Unlimited, Inc. (ADMTC) was advised by Nasdaq that due to not meeting the $1.00 minimum bid price requirement, at the close of business on December 16, 1998, the Company's securities would not continue to be listed on the Nasdaq Stock Market and are eligible to immediately begin trading on the OTC Bulletin Board. The Company was granted a qualifications exception by Nasdaq on October 28, 1998. Although the Company's securities had achieved and exceeded a $1.00 closing bid price several times since the exception was granted, it did not achieve or maintain a closing bid price at or above $1.00 on or before December 11 and for ten consecutive trading days, as required in the Nasdaq exception. The Company was previously advised by Nasdaq that, other than the minimum bid price, it met or exceeded all other maintenance qualifications.

The Company also stated that at a Board of Director's meeting, held on December 8, 1998, the subject of a reverse stock split was considered. Such a reverse stock split, if implemented, would have decreased the number of shares outstanding while consequently increasing the value of each share sufficient to meet Nasdaq maintenance qualifications. However, the Board unanimously rejected such a move on the grounds that the members firmly believe the Company will progress beyond re-listing requirements on its performance merits, and should not have to carry the negative stigma usually attached to public companies that have had reverse stock splits. Andre' Di Mino, the Company's Executive Vice President stated, "Although we are disappointed that the shares of the Company could not maintain a qualifying price level at this time, we are very confident that the progress currently being made by the Company in several major areas will result in a greater market valuation for ADM Tronics."

ADM Tronics is a technology based developer and manufacturer of a diversified line of products categorized into three distinct market segments - therapeutic, non-invasive electronic medical devices, environmentally safe chemical products and innovative dermatological products.