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Microcap & Penny Stocks : AMERICAN BIOMED, Minimally Invasive Technology (ABMI)

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To: Jeffrey L. Henken who wrote (34)	3/3/1998 9:59:00 PM
From: Larry E Smith	Read Replies (2) of 2887

This is from the 3rdQ report last November 14, 1997........ Commenting on the results, Steven B. Rash, president and chief executive officer, stated, "While international sales increased 22% year-to-date with several international distributors added in 1996, revenues for the third quarter were adversely impacted by an overall decrease in both international and domestic sales of the company's products. We attribute this decrease to delays of international product registration by our new distributors, as well as a general slowdown in U.S. government orders due to changes in purchasing methodologies. An aggressive new sales strategy has been implemented and, as a result, sales for the fourth quarter of 1997 have already exceeded third quarter sales." The Government contract should still be good, just a slowdown, not cancelled! Any comments on the Government Contract? Still good? Hi Brenda.....

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