American Bio Medica Plans Major Sales Drive in Latin America, Names Former Roche Consultant as Sales Director.Business Editors KINDERHOOK, N.Y.--(BUSINESS WIRE)--July 11, 2000 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) ), which develops, manufactures and markets drugs-of-abuse diagnostic kits, sprays and support services, today announced that Arthur E. Brodeur, a former Roche Diagnostics consultant, has joined the company as director of sales for Mexico and Latin America and will manage a major sales effort in the region. Brodeur has more than 25 years of experience in sales and marketing, most recently with Roche Diagnostics' Drugs-of-Abuse Business Unit where he was a sales and marketing consultant responsible for coordinating marketing for Roche affiliates in Latin America and Canada. He also was responsible for identifying global distributors for Roche Diagnostics' drug-of-abuse products. Previously, Brodeur was with Bio-Merieux/API for 20 years, beginning as a sales rep and rising to vice president of sales. "Art is our first sales director exclusively for Mexico and Latin America, and we are very fortunate to have such a highly qualified individual take on this assignment. His skills and experience are an excellent match for our aggressive marketing strategy," said ABMC Chairman 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. That strategy includes Rapid Drug Screen(TM), on-site urine tests that generate results in five minutes and are unrivaled for ease of use, and Drug Detector(TM), the wipe-and-spray, non-invasive drug detection kit introduced last week at the Association of Chain Drug Stores' Marketplace trade show in New Orleans. Rapid Drug Screen is already in use at the institutional level by clinicians, educators, government, judiciary and business customers, and is awaiting FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. approval for retail distribution. Each test kit includes a plastic cup with an affixed temperature strip and secure lid for a urine sample. One or more Rapid Drug Screen test cards are inserted into the urine through a safety-sealed slit in the cup lid and, in minutes, indicate the presence or absence of the drugs covered by the test cards: cocaine, opiates, marijuana, PCP PCP abbr. 1. phencyclidine 2. primary care physician Pneumocystis carinii pneumonia (PCP) , barbiturates Barbiturates Definition Barbiturates are medicines that act on the central nervous system and cause drowsiness and can control seizures. Purpose , benzodiazepines Benzodiazepines Definition Benzodiazepines are medicines that help relieve nervousness, tension, and other symptoms by slowing the central nervous system. Purpose Benzodiazepines are a type of antianxiety drugs. , tricyclic antidepressants, methamphetamine, amphetamines Amphetamines Sympathomimetic amines; sometimes called speed; synthetic chemicals that stimulate the central nervous system. Mentioned in: Weight Loss Drugs amphetamines and methadone methadone (mĕth`ədōn', –dŏn'), synthetic narcotic similar in effect to morphine. Synthesized in Germany, it came into clinical use after World War II. It is sometimes used as an analgesic and to suppress the cough reflex. , individually or in various combinations. Drug Detector, was introduced first to the U.S. retail market in tests for marijuana and crack/cocaine. The test kit includes an aerosol spray for either crack/cocaine or marijuana, 10 collection papers and instructions. It's easy to use -- just wipe any surface with a collection paper and spray the paper with the aerosol can. If it detects the drug residue, within seconds the paper will turn blue for cocaine and reddish brown for marijuana. Drug Detector will be available to the Mexican and Latin American institutional markets in larger, industrial-size versions of 50-100 tests. Tests for methamphetamine and heroin will be added at a later date. Both Drug Detector and Rapid Drug Screen will figure prominently in ABMC's plans for Mexico and Latin America, where Cipkowski and Brodeur see an untapped market of great potential. American Bio Medica Corporation develops, manufactures and markets inexpensive, accurate, on-site drugs-of-abuse diagnostic kits, sprays and supports services worldwide. The company's global distributors target the workplace, physicians, corrections, clinical and educational markets. 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 reports filed with the Securities and Exchange Commission. |
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