Accounting Problems at Serologicals Corporation Leads to Shareholder Suits, Announces Berman DeValerio & Pease.

Business Editors and Legal Writers

BOSTON--(BUSINESS WIRE)--May 30, 2000

Berman, DeValerio & Pease LLP 

a law firm specializing in representing

shareholders in class action lawsuits,

issues the following press release:

A shareholder class action was filed against Serologicals Corporation ("SERO" or the "Company") (NasdaqNM:SERO) in the United States District Court for the District of Northern District of Georgia. The action seeks damages for violations of the federal securities laws on behalf of all investors who purchased Serologicals common stock between April 27, 1999 and April 10, 2000 (the `Class Period").

The lawsuit charges Serologicals and certain of its directors and officers, with violations of the federal securities laws by issuing a series of false and misleading financial statements and press releases concerning the Company's publicly reported revenues and earnings. On April 10, 2000, Serological shocked the investment community by announcing that it was restating its previously recorded revenues for the first three quarter of 1999, including a reversal of approximately $1.4 million in revenue. As a result of these false and misleading statements, the Company's stock traded at artificially inflated prices during the Class Period.

If you purchased Serologicals common stock during the Class Period and suffered a loss on your investment, you may wish to contact the lawyers at Berman, DeValerio & Pease LLP to discuss your rights and interests:

Patrick T. Egan, Esq.

Jeffrey C. Block, Esq.

Berman, DeValerio & Pease LLP

One Liberty Square

Boston, MA 02109

E-Mail: [e-mail].

[phone]

To learn more about this action, other cases or class actions in general, you can also visit our website at www.bermanesq.com.

If you wish to apply to be Lead Plaintiff in this action, a motion must be filed on your behalf with the court no later than June 20, 2000. To be a member of the class you need not take any action at this time. To serve as lead plaintiff, however, you must meet certain legal requirements and you may retain counsel of your own choice. You may contact the attorneys at Berman, DeValerio & Pease LLP to discuss your rights regarding the appointment of lead plaintiff and your interest in the class action.

With offices in Boston and San Francisco, Berman, DeValerio & Pease LLP has extensive experience prosecuting shareholder class actions. The firm has been appointed lead counsel in numerous actions involving companies that have issued false and misleading statements, has successfully litigated these actions, and has been singled out for its excellence by many courts. The firm prides itself on its responsiveness to shareholders and their needs in particular cases.