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Friday March 20, 9:17 am Eastern Time
Company Press Release
Eutro Group Holding Inc. Announces That Mack Hunter Was Appointed CEO and President of Bio-Analytic Laboratories Inc.
JUPITER, Fla.--(BUSINESS WIRE)--March 20, 1998--Eutro (Electronic Bulletin Board:EUTO) announced that on Jan. 12, 1998, Mack Hunter was appointed CEO and president of Bio-Analytic Laboratories Inc.
Despite Eutro's efforts in the past to motivate previous management to increase sales, revenues at Bio did not increase consistently.
Hunter's business management experience has already paid off for Bio. After careful analysis of the situation, Hunter entirely restructured Bio, instituting cost controls and a cost accounting system. A national marketing director was hired, who has landed one new national account and is in advanced negotiations for an additional two such accounts.
Hunter's aggressive approach to Bio has resulted in increased sales of 25%, increased orders of 13%, and daily productivity increase of 34%, as compared to the same period last year.
Eutro feels these increases are the result of putting Bio in the hands of a businessman as opposed to a biochemist, a move which should have been made long ago.
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Contact:
Eutro Group Holding Inc., Jupiter
Investor Relations Department, 561/575-3520
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