American Bio Medica Completes Move Into Larger Facility to Meet Growing Demand as No. 3 in On-Site Drug Testing.KINDERHOOK, N.Y.--(BUSINESS WIRE)--Sept. 14, 1999-- Annual Shareholders' Meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. to be Held in the New Office on Sept. 22 American Bio Medica medica (māˑ·dē·k Corp. (Nasdaq:ABMC ABMC American Battle Monuments Commission ABMC Alexian Brothers Medical Center (Illinois) ABMC Aviation Battle Management Concept ABMC Arrowbear Music Camp (California) ) today announced that it has completed the scheduled move into a 30,000 sq. ft. facility in Kinderhook, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . ABMC said that the new headquarters greatly enhance the Company's ability to manage anticipated production growth and facilitate future expansion needs. American Bio Medica signed a lease agreement and option to buy the state-of-the-art facility from Avoba, Inc., a U.S. subsidiary of the Swiss-based firm Bioforce, AG. The agreement includes a 25,000 sq. ft. building, which will house corporate and administrative offices, manufacturing, order fulfillment Order fulfillment (in BE also: order fulfilment) is in the most general sense the complete process from point of sales inquiry to delivery of a product to the customer. Sometimes Order fulfillment , and inventory storage, as well as a 5,000 sq. ft. partially complete mezzanine and roughly 100 acres of land. "As we continue to capture market share in the global drug testing industry, our newly expanded production capacity afforded by this move will be necessary to meet growing demand and maintain our reputation for rapid order fulfillment," commented Stan Cipkowski, chairman and chief executive officer of ABMC. Cipkowski explained that the corporate relocation increased ABMC's manufacturing capability to levels that should enable the Company to fulfill the estimated orders projected for fiscal 2000 by its major distributors around the world. ABMC also announced that its annual shareholders' meeting will be held at the new headquarters at 10:00 a.m. EST EST electroshock therapy. EST abbr. electroshock therapy on Sept. 22, 1999. The Company's new offices are located at 122 Smith Road in Kinderhook, New York 12106. ABMC's toll-free phone number remarug Screen(TM) is proven to correlate 100% with1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including |
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