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American BioMed signs three-year supply agreement with healthcare group to supply 95 hospitals.


THE WOODLANDS Woodlands refers to several places:
In Australia
  • Woodlands, New South Wales
  • Woodlands, Western Australia
In Canada
  • Woodlands, Calgary, a neighborhood in Calgary, Alberta
In New Zealand
, Texas--(BW HealthWire)--March 17, 1997--American BioMed Inc. (NASDAQ/OTC BB:ABMI ABMI Autologous Bone Marrow Infusion ), Monday Monday: see week.  announced it has signed a three-year supply and pricing agreement with Mercy Resource Management Inc. located in Naperville Naperville (nā`pərvĭl), city (1990 pop. 85,351), Du Page co., NE Ill., on the Du Page River, in a farm area; settled 1831–32, inc. as a city 1890. It is a major office and corporate center that grew markedly in the late 20th cent. , Ill.

Mercy is a healthcare group which comprises 95 hospitals primarily located in the Midwestern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Product launch to all member hospitals will begin within 30 days and is to be completed over six months.

Arthur S. Przybyl, VP of sales and marketing, stated: "This agreement is estimated to represent $250,000 per year in revenue to American BioMed. To date, the company has purchasing agreements with the U.S. Department of Defense, the U.S. Veterans Administration Hospitals, National Purchasing Alliance, Joint Purchasing Corp. and Mercy Resource Management. These agreements combined cover over 1,000 U.S. hospitals. This particular agreement has further significance in that it has put us ahead of schedule with respect to our business plan for fiscal year 1997."

American BioMed Inc. utilizes state of the art technology to develop, manufacture and market minimally invasive invasive /in·va·sive/ (-siv)
1. having the quality of invasiveness.

2. involving puncture of the skin or insertion of an instrument or foreign material into the body; said of diagnostic techniques.
 medical, surgical and diagnostic devices which deliver unique advantages through advanced science. Over 26 patents cover its portfolio of technologies competing in an industry with a combined worldwide market estimated at over $10-billion annually. -0-

NOTE TO EDITORS: In the Internet/email address noted in this news release, there is an "at" symbol between tewinc and aol.com. Also, in the World Wide Web address noted in this news release, there is a double slash between http: and www.americanbiomed.com. These symbols may not appear properly in some systems.

CONTACT: Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM).

The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs
 E. Waite & Associates Inc.

407/324-1606, (Fax) 407/324-0664

Email: tewinc@aol.com

Web address: http://www.americanbiomed.com
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 17, 1997
Words:285
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