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ABC Dispensing Technologies makes announcement.

AKRON, Ohio--(BUSINESS WIRE)--Nov. 22, 1996--ABC Dispensing Technologies Inc. (NASDAQ:ABCCC), reported today that its common stock will continue to be listed on the NASDAQ SmallCap Market via an exception from the Capital and Surplus and Minimum Bid Price requirements.

While ABC failed to meet this requirement as of July 27, 1996, and Nov. 13, 1996, respectively, the company was granted a temporary exception by NASDAQ from this standard, subject to ABC meeting certain conditions. The company believes that it can meet those conditions; however, there can be no assurance it will do so. If at some future date the company's securities should cease to be listed on the NASDAQ SmallCap Market, they may continue to be listed in the OTC-Bulletin Board. For the duration of the exception, the company's NASDAQ symbol will be ABCCC.

"ABC's financial condition is improving as a result of new equity that is in the process of being invested in our company. In addition, we are confident that the recent implementation of new marketing management and intensified sales efforts will result in an increasing revenue stream and positive earnings in the coming year," said Charles M. Stimac, Jr., president and CEO.

ABC Dispensing Technologies Inc. provides user-friendly solutions to world-wide customers with needs for fast, precise and reliable measurement and control of high volume dispensing of beverages, other liquids, paints, powders and other granular ingredients.

CONTACT: ABC Dispensing Technologies Inc.

Charles M. Stimac, Jr., 330/733-2841
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Publication:Business Wire
Date:Nov 22, 1996
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