American Bio Medica Makes Key Additions to Sales Force; Former Roche Diagnostics Executives to Target Strategic Accounts.Business Editors KINDERHOOK, N.Y.--(BUSINESS WIRE)--April 16, 2001 American Bio Medica medica (māˑ·dē·k Corporation (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 the addition of four executives to the company's sales group. Joining ABMC effective today are: Todd Bailey, Anne Becknell, James Fitzsimons, and Scott Hutton, all of whom previously held sales and/or consulting roles within Roche Diagnostics Roche Diagnostics Division is a subsidiary of Hoffmann-La Roche which manufactures equipment and reagents for research and medical diagnostic applications. Internally, it is organized into six major business areas: Roche Applied Science, Roche Centralized Diagnostics, Roche Corporation. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Robert L. Aromando, Jr, chief executive officer of ABMC, these new executives bring with them the insights and experiences specifically needed to help ABMC target strategic business opportunities in the onsite drugs of abuse testing market, which is growing at an estimated 23 percent annually. The addition of new sales personnel is consistent with the company's three-year business plan that focuses on multiple distribution channels to optimize top line sales. "These are key hires for our company, and important steps forward for ABMC," said Aromando. "Bringing Todd, Anne, Jim, and Scott to ABMC strengthens an in-house sales capability that will complement and work in synergy with our important distributor strategy. The fact that these experienced professionals chose to join our team speaks volumes about our products and the culture in this company, and the fact that we brought them here should signal that we are poised to aggressively chase key large accounts." Hutton brings with him more than 18 years in corrections and law enforcement, including the past five years in sales of onsite drugs of abuse products. He holds a Ph.D. in Criminal Justice Management from LaSalle University. Fitzsimons retired as the Drug Program Administrator for the United States Courts "United States courts" may refer to:
Becknell was a senior account manager in the drugs of abuse testing business of Roche Diagnostics for the past 10 years. She brings training, sales, and marketing experience from the criminal justice and workplace markets, and has managed several key national accounts in the retail, construction and laboratory businesses. Bailey brings with him extensive experience selling to government, corporate headquarters, distributors, wholesalers, retailers and hospitals. He spent the past two years specializing in onsite drugs of abuse tests. American Bio Medica Corporation develops, manufactures and markets inexpensive, accurate on-site drugs-of-abuse diagnostic kits, sprays 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, physicians, corrections, clinical and educational markets. ABMC's Drug Detector(TM) identifies minute traces of illegal drugs on surfaces, while the company's Rapid Drug Screen(TM) tests individuals and is proven to correlate greater than 99% 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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