STRU News---Is this what everyone is waiting on? What a strange stock!
Eric
(BSNS WIRE) Struthers Receives Outstanding Evaluation From Iowa Ham, Inc
Struthers Receives Outstanding Evaluation From Iowa Ham, Inc. On the Carcasses
of Its Genetically Superior Swine
Business Editors/Agricultural Writers
CHARLESTON, S.C.--(BUSINESS WIRE)--June 24, 1999--Struthers, Inc.
(OTC BB:STRU) is pleased to announce that it recently received an
exceptional evaluation of eight carcasses from its genetically
superior swine. The test was independently administered by
Independence, Iowa-based Iowa Ham Canning, Inc. Iowa Ham Canning is
well regarded as one the largest private label processors of hams in
the United States.
The initial tests had demonstrated remarkable results for meat
quality, color and leanness. The yield analysis of the primal ham
muscles averaged 59.13%. This number compares extremely favorably to
the industry average of a 42% yield. In short, the Struthers meat
yielded 41% more meat than the average of the industry. Also, the
Struthers' carcasses had a fat yield of a mere 1.18% or 1000% better
than the industry average fat yield of 12.5%.
Commenting on the stellar test results, Struthers, Inc., Vice
President of Operations Rhett C. Seabrook, stated, "Although we are
thrilled with the results of the testing by Iowa Ham, we are not
surprised. This test further validates the effectiveness of Struthers'
ability to produce genetically superior swine and thus a much higher
quality meat. Our superior test results have allowed us to advance our
negotiations with Iowa Ham to supply them with consistent high quality
animals."
Struthers, Inc. is a company focused on commercializing its
breakthrough technology of Porcine Embryo Transplants and the
significant reduction of disease in hog herds.
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for forward-looking statements. Certain information
included in this press release (as well as information included in
oral statements or other written statements made or to be made by
Struthers, Inc.) contains statements that are forward-looking, such as
statements relating to the future anticipated direction of the porcine
industry future expansion, various business development activities,
planned capital expenditures, future funding sources, anticipated
sales growth and potential contracts. Such forward-looking information
involves important risks and uncertainties that could significantly
affect anticipated results in the future and, accordingly, such
results may differ from those expressed in any forward-looking
statements made by or on behalf of Struthers, Inc. These risks and
uncertainties include, but are not limited to, those relating to
development and expansion activities, dependence on existing
management, financing activities, domestic and global economic
conditions, changes in federal or state tax laws and market
competition factors.
--30--MJB/ho*
CONTACT: Struthers Inc.
Rhett C. Seabrook, 843/763-1755
KEYWORD: SOUTH CAROLINA IOWA
INDUSTRY KEYWORD: FOODS/BEVERAGES BIOTECHNOLOGY
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