Mar 23, 1998 Eutro Press Release - Laron
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Monday March 23, 9:15 am Eastern Time
Company Press Release
SOURCE: Eutro Group Holding, Inc.
Appointing New CEO Already Paying Off for Eutro
Group Holding, Inc.
JUPITER, Fla., March 23 /PRNewswire/ -- Eutro Group Holding, Inc. (OTC Bulletin Board:
EUTO - news) announces that on January 12, 1998, Mr. 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.
Mr. Hunter's business management experience has already paid off for Bio. After careful analysis of
the situation, Mr. 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.
Mr. 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.
For more information, contact: Investor Relations Department, 561-575-3520
Information herein was derived from sources seeming to be reliable. No Assurance can be made
that the information is accurate, or that projected results will be achieved.
SOURCE: Eutro Group Holding, Inc. |
