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

To: glen who wrote (978)	11/19/1997 8:56:00 AM
From: John Hensley	Respond to of 8359

Another purchase: biz.yahoo.com

To: glen who wrote (978)	11/19/1997 8:57:00 AM
From: Lucretius	Respond to of 8359

AgriBioTech Inc. Agrees to Acquire Discount Farm Center Inc. With Annual Sales of Approximately $10 Million LAS VEGAS--(BUSINESS WIRE)--Nov. 19, 1997--Dr. Johnny R. Thomas, chief executive officer of AgriBioTech Inc. (Nasdaq/NMS:ABTX - news) Wednesday announced that AgriBioTech has agreed to acquire Discount Farm Center Inc. based in Watertown, S.D., which had sales of approximately $10 million last year. Closing of the acquisition is contingent upon satisfaction of contingencies, due diligence and the negotiation of a definitive purchase agreement. Although there can be no assurances the transaction will close, the company has negotiated all significant terms and management expects successful closing of the transaction. According to Thomas, ''Discount Farm Center Inc. is a profitable company which fits AgriBioTech's vertical integration strategy. Discount Farm Center Inc. has state-of-the-art facilities, which enable them to be good suppliers of forage, small grains, other forage products and birdfood. In addition, they have a distribution base in the Midwest which will complement other AgriBioTech operations.'' AgriBioTech is a fully 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. The company has completed 15 acquisitions since Jan. 1, 1995, and is the largest forage and cool season turfgrass seed company in the United States, with a current level of annualized net sales of approximately $280 million, including Discount Farm Center and two previously announced pending acquisitions (Lofts Seed Inc. and Seed Corp. of America) with combined net sales of approximately $115 million. The statements discussed in this news released include forward-looking statements that involve a number of risks and uncertainties. These include the company's historical lack of profitability, need to manage its growth, intense competition in the seed industry, seasonality of quarterly results, and other risks detailed from time to time in the company's SEC reports. --------------------------------------------------------------------------------

To: glen who wrote (978)	11/19/1997 1:28:00 PM
From: Jim Lang	Respond to of 8359

Glen, I agree with your assessment. I am trying to maintain some cash position right now, but have been using it to get in and out of a few selected stocks with short term trades for small profits. I would like to see things settle a bit before loading up. FWIW, Jim L.

To: glen who wrote (978)	11/19/1997 3:47:00 PM
From: ARCHIE P.	Read Replies (3) \| Respond to of 8359

Unbelieveable Glen, the stock is now lower than it was when the company announced the suprise 3 cent in eps. Prehaps it is time for us to just close up shop until the spring planting season and just chill for a while. If she drops another dollar or two it will definately be time to raise some cash to get ready for the Feb., Mar. run. It will take some real posotive news to move us up over the next few months. I 'am digging in for the price freeze that is on the way. Like an old bear when ABTX rises from its hibernation this spring, she will roar to new heights and never look back. Sorry, just trying to keep everyones eye on the fact that ABTX is still, and shall continue to be one heck of an investment for the future. Remember all, we are still #1, and the world is our stage... Keeping the drive alive.....Archie