American Bio Medica Gains Strong Foothold in the Educational Drug Testing Market.HUDSON, N.Y.--(BUSINESS WIRE)--Aug. 18, 1999-- American Bio Medica medica (māˑ·dē·k Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : 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 its Rapid Drug Screen(TM) on-site substance abuse test is now used in nearly 100 schools across the country. The test is implemented as part of comprehensive drug prevention programs that are designed to deter substance abuse among thousands of students who participate in athletics and other extra curricular activities. Earlier this year, the Company sponsored a series of conferences to help schools develop and implement drug testing policies. The conferences also enabled the schools to meet their local ABMC distributor and further discuss the specifics of creating and initiating an effective substance abuse program. "As drug testing becomes more prevalent in the educational sector, we understand that schools require some assistance in implementing programs that help kids say no to drugs and also provide support to those who may have strayed," explained Stan Cipkowski, chief executive officer and chairman of American Bio Medica. "Our Rapid Drug Screen enables schools to take proactive measures In antiterrorism, measures taken in the preventive stage of antiterrorism designed to harden targets and detect actions before they occur. to protect their students, without adding an inordinate expense to an often budget constrained educational system," added Cipkowski. "We are very encouraged by the success achieved in many schools across the country with similar drug testing programs, and hope to continue helping schools keep thousands of students drug free." American Bio Medica Corporation develops, manufactures, and markets inexpensive, accurate, on-site drugs of abuse diagnostic kits and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services worldwide. The Company's global distributors target the workplace, clinical, rehabilitation rehabilitation: see physical therapy. , physicians, corrections, and educational markets. ABMC's Rapid Drug Screen is proven to correlate 100% with the standard laboratory screening test. Forward-looking statements in this release are made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. |
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