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Microcap & Penny Stocks : ABTX - Agribiotech

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To: KurtVedder who wrote (7692)	3/8/1999 7:45:00 AM
From: Robert Meany	Read Replies (1) of 8359

News: Related Quotes ABTX 0 +0 delayed 20 mins - disclaimer Monday March 8, 7:01 am Eastern Time Agribiotech CEO Says Expects to "at Least Break Even in H299" some additional: AgriBioTech to cut annual expenses $14 mln HENDERSON, Nev., March 8 (Reuters) - Forage and turfgrass seed maker AgriBioTech Inc. on Monday said it will cut annual expenses by about $14 million by the end of its current fiscal year and expects fiscal 2000 to be profitable as a result. Richard Budd, the company's new chairman and chief executive officer, said demand for AgriBioTech's products appears to be ''very good'' and that, excluding a previously announced restructuring charge, the company can at least break even on the ''pre-tax profit line'' for the remaining sixth months of its fiscal 1999. (Note: this article is ''in progress''; there will likely be an update soon.)

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