Bigmar Raises $5 Million in New Financing.JOHNSTOWN, Ohio--(BUSINESS WIRE)--Sept. 12, 1997--Bigmar, Inc. (Nasdaq:BGMR/Boston Stock Exchange:BGM) announced today that it has received $5,000,000 in new financing from Banca del Gottardo, Lugano, Switzerland, comprised of a private placement of common stock and convertible notes. Proceeds will be used for general corporate purposes and working capital. John J. Tramontana, President 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 Bigmar, stated, "We appreciate the confidence this European bank has shown in Bigmar's future potential. These funds, together with the Company's line of credit and working capital, will further support our aggressive efforts to manufacture and commercialize additional generic oncological products." Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. involve known and unknown risks, uncertainties and other factors as detailed in the Company's SEC reports and filings, which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements. BIGMAR, Inc.'s strategy is to supply world markets with a full line of high-quality, affordably priced generic and proprietary oncology oncology /on·col·o·gy/ (ong-kol´ah-je) the sum of knowledge regarding tumors; the study of tumors. on·col·o·gy n. products. With distribution rights to more than 20 generic oncological products, the Company intends to manufacture, in its state-of-the-art facilities in Switzerland, and market through pharmaceutical company partners in Europe and the 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. off- patent generic oncological drugs and additional oncological drugs as their patents expire. CONTACT: Bigmar, Inc. Michael K. Medors, CFO See Chief Financial Officer. (614) 848-8380 or Bigmar's Investor Relations Investor relations The process by which the corporation communicates with its investors. Counsel: The Equity Group Inc. Tamara Ehlin (212)836-9607 email: tehlin@equityny.com |
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