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


To: Mr. Miller who wrote (985)11/20/1997 9:03:00 AM
From: GREGG M. AKIN  Respond to of 8359
 
ABTX continues to assemble a top flight management team. Lots of experience in GENETICS with these guys.

AgriBioTech, Inc. Appoints President/COO and Vice
President Research

LAS VEGAS--(BUSINESS WIRE)--Nov. 20, 1997--Dr. Johnny R. Thomas, CEO of
AgriBioTech, Inc. (NASDAQ National Market:ABTX - news) announced today the appointment
and filling of two key management positions at the company. Effective January 1, 1998, Mr. Kent
Schulze will join AgriBioTech as President and Chief Operating Officer (COO) and Dr. Thomas B.
Rice will join the company as Vice President, Director of Research. Mr. Schulze will retain his seat
on the Board of Directors, and Dr. Thomas will remain Chief Executive Officer and Chairman of the
Board.

According to Dr. Thomas, the addition of these two key executives is one of AgriBioTech's most
significant achievements and marks a critical step in the fulfillment of the Company's mission to
become the premier forage and turfgrass seed company in the world. Both Mr. Schulze and Dr. Rice
bring extensive and proven seed company management experience to their new positions. The
addition of these two leaders will allow Dr. Thomas to continue and increase his efforts in the critical
strategic areas of capital structure and formation, investor and shareholder relations, mergers,
acquisitions and alliances. In making the announcement, Dr. Thomas said that he is pleased and
confident the two executive will provide the needed operational leadership to move AgriBioTech
forward in its integration efforts and growth plans.

Mr. Kent Schulze joins the Company with over two decades of responsible management positions in
the seed industry; he has extensive experience in global business environments and has been a leader
at two of the industry's largest seed companies, one U.S. based and the other headquartered in
Europe. From 1990 to 1996 he was President and CEO of Northrup King Co., Minneapolis, then
an operating unit of Sandoz Seeds, at the time the second largest seed company in the world. In
addition, while at Northrup King he served on the Sandoz Seeds Management Committee
responsible for the global seed operations of the company.

Prior to his tenure at Northrup King and Sandoz, he serve as President and COO of
DEKALB-PFIZER GENETICS, Dekalb, IL during 1986-1990, after holding several key
management positions at the number two seed corn company in the United States. Most recently,
Mr. Schulze served as President of ACCESS Plant Technology, Inc. of Plymouth, IN, a technology
transfer company.

Dr. Thomas B. Rice also brings impressive industry credentials to his new position at AgriBioTech.
Currently, he is a member of the board of directors of SEED GENETICS, Inc. and an industry,
research and management consultant. Previously, he was with DEKALB Genetics Corporation
where he served as Director of Research for 10 years and as President and COO of the subsidiary
DEKALB Plant Genetics from 1990 to 1993. Dr. Rice was the chief architect of DEKALB's
biotechnology strategy, and was responsible for initiating, managing and directing the plant
biotechnology effort at Pfizer beginning in 1976 that evolved into DEKALB's highly productive
biotechnology effort, an effort which developed the first genetically engineered corn and received the
first patents for corn, covering insect resistance (Bt), herbicide resistance and improved nutritional
quality.

During his career, Dr. Rice has gained critical management experience in the areas of strategic
alliances, international subsidiaries, breeding and biotechnology research and development,
intellectual property rights, strategic planning and technology transfer. He received his Ph.D. in
genetics from Yale University in 1973, and was a Post-Doctoral Fellow at Brookhaven National
Laboratory and a Research Associate at Michigan State University prior to joining Pfizer and
eventually serving at DEKALB.

Regards, Gregg a/k/a/ RunBullRun



To: Mr. Miller who wrote (985)11/20/1997 11:33:00 PM
From: JKraft  Respond to of 8359
 
Mr. Miller,

I feel there are just a few things holding us back at this time. Simply the sell off for year end profit taking(the market has been lousy), and the 5 year picture of this stock's chart shows that this is historically the weakest time, and as such, close to the best time to get in.

Some of my friends who are very big investors (way bigger than I) have shown some interest in getting in in December due to the "December Sale" picture that has presented itself each year.

Just my opinion, FWIW,

Joanie