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Biotech / Medical : ABAX --- lots of upside

ABAX 83.00

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Aug 1 5:00 PM EST

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To: David Bogdanoff who wrote (464)	12/7/1998 11:18:00 AM
From: PACKRATCAT	Read Replies (1) of 492

SUNNYVALE, Calif., Dec. 7 /PRNewswire/ -- ABAXIS, Inc. (Nasdaq: ABAX - news) a medical products company manufacturing point-of-care blood chemistry systems, announced today the signing of an exclusive distribution agreement with Especialidades Cientificas de Laboratorio, a distributor of clinical laboratory products, hospital products and medical devices throughout Mexico. This agreement includes both the VetScan and Piccolo blood chemistry systems. Especialidades Cientificas de Laboratorio is a highly diversified company providing products and equipment for diagnostic and laboratory medicine for the hospital and medical profession. Clint Severson, Chairman and CEO, commented, ''We are very pleased to begin this relationship with Especialidades Cientificas de Laboratorio. We feel our products will be strategically important for their point of care business in both the human and veterinary markets. In fact, this relationship has already begun with the shipment today of 8 Piccolo systems for the Mexican Social Security.''

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