Avitar Makes Announcement.CANTON, Mass.--(BUSINESS WIRE)--March 2, 1998--Avitar, Inc. (Nasdaq SmallCap Market: AVIT AVIT Aarupadai Veedu Institute of Technology AVIT Audiovisual Instructional Technology ) announced today that it would produce the disposable ear canal ear canal n. The narrow, tubelike passage through which sound enters the ear. Also called external auditory canal. seal component of Decibel decibel (dĕs`əbĕl', –bəl), abbr. dB, unit used to measure the loudness of sound. It is one tenth of a bel (named for A. G. Bell), but the larger unit is rarely used. Instruments new hearing aid system. The seal, known as SofTip(TM), utilizes Avitar's proprietary foam technology. The SofTip(TM) provides both the audiometric au·di·om·e·ter n. An instrument for measuring hearing activity for pure tones of normally audible frequencies. Also called sonometer. au qualities necessary for this unique hearing aid system and also comfort to the user. Peter Phildius, 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. of Avitar, commented, "After working with Decibel in the development of this disposable component of their system, we are very excited by the prospects which this market launch affords us. Decibel's innovative technology will benefit the rapidly growing number of the hearing impaired." Joe Brown, Vice President of Operations of Decibel, said, "the characteristics, which we need from the components supplied by Avitar, are vital to the success of our state-of-the-art system. Our products are designed to serve the large and growing hearing aid market. We look forward to growing the partnership which we have formed with Avitar." Decibel Instrument, Inc. is a leading developer of advanced hearing enhancement and diagnostic products. In the United States, there are 26 million people who suffer measurable hearing loss and generally can be treated with hearing aids Hearing Aids Definition A hearing aid is a device that can amplify sound waves in order to help a deaf or hard-of-hearing person hear sounds more clearly. if properly diagnosed and fitted. Industry reports indicate that 80% of the hearing impaired population continue to avoid using hearing aids due to a broad dissatisfaction with current products available on the market, cost of the aid and the social stigma associating hearing aids with aging and disability. Avitar, Inc., designs, develops, manufactures and markets healthcare products and services including a proprietary line of polyurethane wound care dressings and rapid diagnostic test products. -0- "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. " statement under the Private Securities Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including the development of new applications, and are detailed from time to time in the Company's filings with the Securities and Exchange Commission. CONTACT: Avitar, Inc. Peter Phildius, Chairman of the Board 781/821-2440 or Jay Leatherman, Chief Financial Officer 203/265-3594 |
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