Abaxis, Inc. To Announce Third Quarter 2003 Earnings.

Business Editors

UNION CITY, Calif.--(BUSINESS WIRE)--Jan. 23, 2003

ABAXIS, Inc. (NASDAQ:ABAX), a medical products company manufacturing point-of-care blood analysis systems, has scheduled a conference call to discuss its financial results for the third quarter and nine-month period ended December 31, 2002. The call will be at 4:15 p.m. ET (1:15 p.m. PT) Wednesday, January 29, 2003.

Participants can dial [phone] or [phone] to access the conference call, or can listen via a live Internet web cast which can be found at www.abaxis.com. A replay of the call is available by visiting www.abaxis.com for the next 30 days or by calling [phone], access code 407823, through February 5, 2003.

ABAXIS develops, manufactures and markets portable blood analysis systems for use in any patient-care setting to provide clinicians with rapid blood constituent measurements. The system consists of a compact, 6.9 kilogram, portable analyzer and a series of 8-cm diameter single-use plastic disks, called reagent discs, which contain all the reagents necessary to perform a fixed menu of tests. The system can be operated with minimal training and perform multiple tests on whole blood, serum, or plasma. The system provides test results in less than 14 minutes with the precision and accuracy equivalent to a clinical laboratory.