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BIOSOURCE INTERNATIONAL WARRANT HOLDERS PURCHASE 704,500 SHARES OF STOCK

 CAMARILLO, Calif., Jan. 4 /PRNewswire/ -- BioSource International Inc. (NASDAQ: BIOI) today reported that warrants to purchase 704,500 shares of common stock of the company were exercised in December, for an aggregate exercise price to the company of $932,402.
 Holders of Company Series F Warrants purchased 489,500 shares of company common stock at an exercise price of $1.136/share. Holders of Company Series G Warrants purchased 215,000 shares of company common stock at an exercise price of $1.75/share. Both series of warrants expired on Dec. 31, 1993.
 "I am very pleased that practically all the company's outstanding warrants were exercised. The exercise of these warrants represents a significant amount of newly available capital to fund our planned growth in 1994 and demonstrates our investors' confidence in the long-term value of the company," said James Chamberlain, president and chief executive officer.
 With the exercise of these warrants, there are now 4,970,699 shares of BioSource International Inc. common stock outstanding. 73,125 Series A warrants remain outstanding, at an exercise price of $2.30 Canadian (approximately $1.77 U.S.), which expire on May 29, 1994.
 NOTE: BioSource International Inc. is a Camarillo-based supplier of immunological reagents and test kits used in biomedical research. The company offers more than 600 products, including recombinant proteins, monoclonal antibodies and ELISA assay kits to a variety of antigens. Incorporated in 1989, the company was listed on NASDAQ in May 1993, after completing the acquisition of Tago Inc. Combined FY 1992 revenues of the merged company were $4 million. Revenues in the first nine months of 1993 (Jan. 1-Sept. 30) were $4.06 million and the company reported net income of $419,021.
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 /CONTACT: James Chamberlain or Anna Anderson, treasurer, of BioSource International, 805-987-0086; or Matthew Schmidt of FS Communications, 415-691-1488, for BioSource/
 (BIOI)


CO: BioSource International Inc. ST: California IN: MTC SU:

TM-LW -- SJ008 -- 8971 01/04/94 14:45 EST
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Publication:PR Newswire
Date:Jan 4, 1994
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