Eutro Group Holding Inc. makes announcement.JUPITER, Fla.--(BUSINESS WIRE)--July 26, 1996--William C. Herndon Herndon, town (1990 pop. 16,139), Fairfax co., N Va., inc. 1874, rechartered 1938. A suburb of Washington, D.C., Herndon has a mix of light and high-tech industries. Dulles International Airport (including extensive facilities of the National Air and Space Museum) and the National Weather Service's Baltimore/Washington forecast office are to the west. Jr., CEO of Bio-Analytic Laboratories Inc., a subsidiary of Eutro Group Holding Inc., (NASDAQ BB:EUTO), announced Friday an agreement in principal between Bio-Analytic Laboratories Inc. and Diagnostic Specialties Inc. of Methuchen, N.J., wherein Diagnostic Specialties will complete the study of the versatility of the new patented immuno assay slide device. Herndon also disclosed four newly identified applications for the immuno assay slide device: diabetic screening, drug abuse panel, sexually transmitted diseases, environmental pollutants. The anticipated expanded product line also allows Bio to enter the prolific veterinary market with additional tests using the versatility of the patented slide. "These supplemental applications to Bio's initial efforts in developing the immuno assay slide for HIV and allergy testing will increase Bio-Analytic's ability to penetrate the immuno assay market which is projected to be $337 million," said Herndon. CONTACT: Eutro Group Holding Inc., Jupiter John O'Keefe, CFO 561/575-3520 |
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