American Bio Medica Launches One of the Industry's Most Extensive National Collection Networks With Western Pathology Consultants.HUDSON, N.Y.--(BUSINESS WIRE)--July 8, 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 its affiliation with Western Pathology Consultants, Inc. (WPCI WPCI wireless peripheral component interconnect ) to provide a total drug testing program that combines a national network of collection centers performing ABMC's Rapid Drug Screen(TM) with a broad range of value-added services. ABMC and WPCI's national network is one of the largest in the drug testing industry. It presently includes 1,650 locations and 900 mobile collectors; the latter perform the Rapid Drug Screen on-site and are especially useful for random screening programs. An additional 2,000 centers are being brought on board over the next 6 to 9 months in order to further expand the network. ABMC will now move forward with an aggressive sales and marketing program for high volume testers that, to date, have for the most part remained with laboratories and third-party administrators. The new national network affiliation between ABMC and WPCI allows both organizations to capture the high volume market segment without incurring any additional expenses. "American Bio Medica is once again at the forefront of industry innovation with a complete program that meets significant demand from our customers and distributors," said ABMC President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Stan Cipkowski. "By providing qualified professionals to conduct the tests, lab confirmations of positive screens, and Medical Review Officers to review the positive results, we are confident the program will dramatically increase our market share and positively impact our bottom line." The national collection network encompasses quality control, chain of custody The movement and location of physical evidence from the time it is obtained until the time it is presented in court. Judges in bench trials and jurors in jury trials are obligated to decide cases on the evidence that is presented to them in court. documentation, SAMHSA SAMHSA Substance Abuse and Mental Health Services Administration laboratory confirmation of positive screens, Medical Review Officer (MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) review of laboratory positives, and summary reports. Since it is offered for a fixed per test charge, the service will enable companies to better budget their substance abuse testing initiatives. American Bio Medica Corporation develops, manufactures and markets inexpensive, accurate, on-site drugs of abuse diagnostic kits and support services worldwide. The Company's global distributors target the workplace, clinical, rehabilitation, 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" 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 report filed with the Securities and Exchange Commission. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion