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Biotech / Medical : Ecoscience (ECSC)

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To: Steve Harmon who wrote (12)	8/20/1996 9:18:00 PM
From: WWS	of 145

Steve, unfortunately, this is the kind of news not likely to boost the bottom line any time soon. Announcement indicated that Bioblast must now be escorted through the Japanese legal labyrinth for a year or more on the way to gaining product approval. Another thing to consider is the timing of this release. Companies about to release "not so good" earnings will often try to "cushion" the jolt by releasing a diffuse "warm fuzzy" announcement just before. You know I'm not putting down ECSC, because I'm a share holder too, but just being a realist and just basing my prediction on similar past experiences with other companies. Bill in St. Louis.

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