American Bio Medica Sales for June Set New Monthly Sales Record.HUDSON, N.Y.--(BUSINESS WIRE)--Aug. 3, 1998--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) ) announced that sales for June 1998 totaled $350,000, the highest monthly sales total for the company since it started marketing the Rapid Drug Screen(TM) line of products a little over two years ago. The June 1998 sales total compare to $66,000 in June of 1997. "Our sales to the workplace and government sectors showed significant increases in June, and we're seeing continued growth in the clinical market as well," said Stan Cipkowski, president of American Bio Medica Corp. Meanwhile, ABMC continues to expand its force of distributors. The company is reviewing applications for 12 new distributors to add to its roster. "We have a formal review process to pick our distributors because we will build strong relationships with those we select," said Jay Bendis, vice president of marketing and sales. "We believe that in the long run this will give us the best result". The companyalso reported excellent early market acceptance for the Rapid One, a single reagent drug test introduced in July. The Rapid One is an ideal complement to the Rapid Drug Screen(TM), ABMC's multiple panel drug screen which can test for up to nine drugs of abuse simultaneously. The company is increasing production to keep abreast Verb 1. keep abreast - keep informed; "He kept up on his country's foreign policies" keep up, follow trace, follow - follow, discover, or ascertain the course of development of something; "We must follow closely the economic development is Cuba" ; "trace the of sales and is currently maintaining an average turnaround time (1) In batch processing, the time it takes to receive finished reports after submission of documents or files for processing. In an online environment, turnaround time is the same as response time. of 48-72 hours while keeping backlog inventory at a manageable level. American Bio Medica Corp. develops, manufactures and markets rapid, inexpensive and easy-to-use 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 to substance abuse testing markets worldwide. ABMC's drug detection strip is proven to correlate 100% with results produced by the screening test used as a standard in laboratories. (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.)
CONTACT: Joan Schuman Associates
Jeff Muise or Joan Schuman, 914/338-2955
or
American Bio Medica
Les Cohen, 561/362-7701
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