American Bio Medica Receives Patent for the Rapid One Product Line.Business Editors KINDERHOOK, N.Y.--(BUSINESS WIRE)--Feb. 7, 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) ) today reported that the U.S. Patent and Trademark Office have issued a patent for the Company's Rapid One(TM) single dipstick dipstick /dipĀ·stick/ (dipĀ“stik) a strip of cellulose chemically impregnated to render it sensitive to protein, glucose, or other substances in the urine. product line. The patent covers the design of the Rapid One single dipstick. The Rapid One product line was released in July of 1998 and individually screens for the presence or absence of 10 substances of abuse. This offers customers flexibility in regards to their testing needs. The product line is especially useful in the corrections market and any other circumstance where the person subject to testing is suspected to be abusing a specific drug. &uot;The Rapid One again demonstrates our ability to meet market demands as they arise,&uot; stated Douglas Casterlin, ABMC Vice President of Operations and inventor of the Rapid One. &uot;We are pleased to have yet another addition to our expanding portfolio of patents and trademarks worldwide. The Company will continue to secure our position in the market by protecting our intellectual property rights.&uot; The Company's Rapid Drug Screen(TM) family of products generates results in five minutes and is unrivaled in the market for ease of use. The most secure and flexible total testing system on the market, ABMC's Rapid Drug Screen simultaneously screens for the presence or absence of up to nine illicit drugs illicit drug Street drug, see there . The Company's Drug Detector(TM) is a non-invasive on-site drug detection system; which tests for the presence or absence of substances of abuse without the need for hair, saliva, or urine samples. 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, clinical, physicians, corrections and educational markets. ABMC's Drug Detector identifies minute traces of illegal drugs on surfaces, while the Company's Rapid Drug Screen tests Andy Warhol's Screen Tests consist of several-minute unbroken shots of Factory regulars, Warhol superstars, guests, friends, or anyone he thought has "star potential". Warhol would place them in a booth, and tell them to stare at the camera and not blink. individuals and is proven to correlate 100% with the standard laboratory screening test. Forward-looking statements in this release are made pursuant to the &uot;safe harbor&uot; 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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