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Biotech / Medical : SANGUINE CORP. (SGNC)

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To: Prospector who wrote (3901)	9/4/1998 7:46:00 PM
From: R>G>	Read Replies (1) of 5402

Talked with Tony at SGNC today. He said that the letter to the shareholders was done and just waiting for Dr. Drees to sign. It would be going out next week. I asked about when testing with Battelle would start. He said that was covered in the report. I tried. He did say something about Battelle was on schedule. Talked a little about Biologix, the company that paid for the right to manufacture this product. There are about 3 years left on the 10 year contract. I believe they paid about $100,000 for this right. Nice to see someone else with confidence in the company. Sounds like Israel might also be a potential manufacturing location. We talked a little about them. They have great researchers, advanced in the bio-medical field, efficient in manufacturing and distribution. Sounds like some of their people are trained in the U.S. and then go back for a few years and them come back to the U.S. for few years and so on. They also go through more blood than many larger countries, probably due to the wars and terrorist. At times they have trouble keeping up with the demand. That is another reason they would like to be a manufacturer of this product. We will probably get approval in Europe 6 months sooner than in the United States. Sounds like both work hand in hand with each other so as not to have to duplicate the testing in every country, with some exceptions. Looking forward to next week, have a great weekend!! R>G>

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