Chromatics Color Sciences International. Inc; CCSI Message Board

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Biotech / Medical : Chromatics Color Sciences International. Inc; CCSI

CCSI 24.46

-2.2%

3:19 PM EST

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To: JanyBlueEyes who wrote (4990)	5/17/1999 6:21:00 PM
From: JanyBlueEyes	Read Replies (2) of 5736

From the 10Q filed today We knew there would not be any significant numbers from this quarterly report (for the period ending March 31, 1999), however, there are a couple of things mentioned that update the information put out by the company to date: Recent Events The Company has agreed on definitive basic terms with two potential marketing and distribution partners for the exclusive distribution of the ColorMate(Registered) TLc-BiliTest(Trademark) System in the hospital, pediatrician and home healthcare markets. Both of these proposals include terms requiring minimum annual placements of the ColorMate(Registered) TLc-BiliTest(Trademark) System and TLc-Lensette(Trademark) calibration standards and/or charges per use. The Board is reviewing both sets of terms as well as recommendations of its advisors and the Company anticipates selecting one of these distributors shortly...... ......Following the release of the Asensio reports....In June 1998...the Company and certain of its officers were sued in federal class actions alleging violations of the securities laws based on Asensio's allegations. The Company believes the suits are without merit and intends to defend them vigorously. The Company is also exploring all of its legal remedies against those persons it believes have unlawfully harmed the Company....

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