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Microcap & Penny Stocks : ABTX - Agribiotech -- Ignore unavailable to you. Want to Upgrade?

To: BioInv who wrote (8054)	6/15/1999 11:30:00 PM
From: W Shakespeare	Read Replies (1) \| Respond to of 8359

AgriBioTech, Inc. Announces Election of Outside Director to Board of Directors HENDERSON, Nev.--(BUSINESS WIRE)--June 15, 1999--Richard Budd, Chairman and Chief Executive Officer (CEO), AgriBioTech, Inc. ("ABT" or the "Company") (NASDAQ National Market: ABTX) announced today that Mr. L. Glenn Orr, Jr. has been elected to and joins the Company's Board of Directors as an outside director. With the addition of Mr. Orr to the ABT Board, there are now six Board members, three of which are outside directors. During the March 1999 change in senior management, the Company announced its intention to create a new, nine person Board, with a majority of members being outside directors. ABT is continuing its search for additional outside directors to add to the Board to achieve this goal. Mr. Orr, age 59, is currently Chairman, President & CEO of Orr Management Company, an investment banking firm located in Winston-Salem, NC. Earlier in his career, Mr. Orr spent 30 years in the banking industry in the southeast U.S. He is Chairman Emeritus of Southern National Corporation, and is also former Chairman, CEO and President of the firm that is now part of Branch Bank & Trust Co. (BB&T). Mr. Orr was instrumental in successfully completing the merger of equals between Southern National Corporation and BB&T. Mr. Orr serves on the Board of Directors of seven companies, including three other publicly traded companies, as well as serves on numerous non-profit boards, including service as a Trustee at Wake Forest University and as a member of the North Carolina Economic Development Commission. "We are extremely pleased that Glenn Orr has agreed to and will be joining our Board of Directors," said Richard Budd in making the announcement, "and we look forward to his good counsel and working with him." AgriBioTech, Inc. is a vertically integrated, full service seed company specializing in the forage and turfgrass seed sector, complete with research and development of proprietary seed varieties, seed processing plants, and a national and international distribution and sales network. ABT's vision is to lead the turf and forage seed industry in discovering its value potential. CONTACT: AgriBioTech, Inc. Tony Blum, 702/566-2440 Fax: 702/566-2450 URL: www.agribiotech.com KEYWORD: NEVADA BW0473 JUN 15,1999 13:50 PACIFIC 16:50 EASTERN