ALAMAR BIOSCIENCES, INC. ANNOUNCES COMPLETION OF PRIVATE FINANCINGS; Company Raises Net Proceeds of $1,343,000.SACRAMENTO, Calif.--(BUSINESS WIRE)--MAY 10, 1995--ALAMAR BIOSCIENCES, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . today announced that it has sold an aggregate of 2,648,400 shares of the Company's Common Stock in unregistered private offerings. Gross proceeds from the sales were $1,655,000, of which the Company received net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of $1,343,000. Mr. Peter Gombrich, acting Chief Executive Officer of Alamar Biosciences, Inc. stated, "We are very pleased with the successful completion of the Company's private stock offering. The funds raised will be used to renew the Company's research and development and domestic sales efforts, as well as for general working capital purposes. Moreover, with the successful completion of this offering, Alamar Biosciences is expected to meet the listing conditions of the Nasdaq SmallCap Market, subject to Nasdaq approval." Alamar Biosciences, Inc., manufactures and markets manual and semi-automated bacterial susceptibility and identification testing products, using Alamar's proprietary alamarBlue(TM) redox redox (rē`dŏks): see oxidation and reduction. technology, to hospitals and reference laboratories primarily in the U.S. and Europe. Information contained herein was obtained by Lippert/Heilshorn & Associates, Inc. (LHA A popular freeware compression program developed by Haruyasu Yoshizaki that uses a variant of the LZW (LZ77) dictionary method followed by a Huffman coding stage. It runs on PCs, Unix and other platforms as its source code is also free. ) from Alamar BioSciences and other sources deemed reliable by LHA. LHA is employed by Alamar BioSciences as its investor relations Investor relations The process by which the corporation communicates with its investors. firm. This information is not a solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of the purchase or sale of securities. CONTACT: Michele Fasano Lippert/Heilshorn & Associates 212/838-3777 or Mark Santor Alamar Biosciences, Inc. (916) 567-3475 |
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