LAJD files with the SEC and I think there are approx 11m shares outstanding...this out this morning...stock sells at .10/.12 on OTC BB:
La Jolla Diagnostics' Subsidiary, DiagnosTech,
Received Standing Order from the Philippines
LA JOLLA, Calif.--(BW HealthWire)--Aug. 4, 1999--La Jolla Diagnostics Inc. (OTCBB:LAJD - news) announced today
that its subsidiary, DiagnosTech Inc., has received a standing order from its Philippine distributor to supply its rapid diagnostic
tests for TB and HIV on an on going basis.
This order follows the Philippine Bureau of Food and Drugs recent approval of DiagnosTech's products in the Philippines.
Bruce Whitfield, the company's vice president of marketing, upon returning from the Philippines commented, ''The market is
receptive to our products and the need is extraordinary. With a population of over 70 million people, the Philippines represents
an enormous market for us.
''TB is a major health problem in most of the world, and is especially prevalent throughout Asia. HIV is also a large and
growing problem in Asia.''
DiagnosTech manufactures and markets state of the art rapid medical diagnostic tests, including tests for TB, HIV, Hepatitis B,
pregnancy and H. pylori. The company believes that its proprietary and patent-pending TB test is the only rapid test proven to
determine the presence or absence of active TB disease. The World Health Organization (WHO) estimates that 1 billion TB
tests will be performed in the year 2000.
Contact:
La Jolla Diagnostics Inc.
Don Brucker, 800/454-6790, Fax 619/454-7851
lajd.com
lajd96@aol.com |
