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Biotech / Medical : Royce Biomedical (RYBO-BB) - any thoughts?

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To: Neurogenesis who wrote (15)2/3/1998 4:19:00 PM
From: Michael  Read Replies (2) of 42
 
Company Press Release

Royce Biomedical Inc. - Financing-Letter of Intent

VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 3, 1998-- Royce Biomedical Inc. (OTC BB:RYBO - news;
The Company) is pleased to announce that they have received a letter of intent to complete a financing of $ U.S. 350,000.00
(three hundred and fifty thousand).

The funds generated by this financing will be devoted to operational costs at the laboratory and production facility in Irvine,
California and working capital for the Company. This financing is expected to complete in a timely fashion.

Summary of the Company

Royce Biomedical Inc. is a state of the art developer, manufacturer and marketer of rapid result, medical diagnostic test kits
with offices in Irvine, California and Beijing, China. Corporate Head Offices are in Vancouver, British Columbia, Canada.

CORPORATE HEAD OFFICE Tel:1 800 661 7844 or (604) 689 1924
905-475 Howe Street, Vancouver, B.C., Canada, V6C 2B3
Fax: (604) 689 8903

PRODUCTION & LAB FACILITY Tel: (714) 450 8733
4 Jenner Street, Suite 180, Irvine California, USA, 92718,
Fax: (714) 450 8740

Contact:

Royce Biomedical Inc.
800/661-7844; 604/689-1924; Fax 604/689-8903 (Vancouver)
714/450-8733; Fax 714/450-8740 (Irvine)
======================================================================

Does anyone have any idea what this will do for the company?
Thanks
Michael
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