CMTR-CHEMTRAK FDA OK Message Board

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Biotech / Medical : CMTR-CHEMTRAK FDA OK

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To: Rocketman who wrote (1006)	3/10/1998 1:50:00 PM
From: surfinSteve	Read Replies (1) of 1172

Big news for a sleepy thread: ChemTrak Signs $3 Million Media Purchase Agreement biz.yahoo.com Here's the start of the story, see the link above for the full text: SUNNYVALE, Calif.--(BUSINESS WIRE)--March 10, 1998--ChemTrak Inc. (Nasdaq:CMTR - news) Tuesday announced that it has signed a media purchase agreement with Grow Marketing Services, a division of GRO Enterprises Inc., an Illinois-based media and services company, and Proxhill Marketing Ltd., a Colorado-based provider of dedicated advertising financing to small and medium-sized companies that have a consumer product or service. Under the terms of the agreement, ChemTrak (''the company'') has agreed to purchase up to $3 million in advertising media from Grow Marketing over the next 12 months to provide national and regional advertising support for the company's products. Proxhill has agreed to provide two-thirds of the funding needed for the advertising placements in return for shares of the company's common stock.

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