To: Frank Buck who wrote (595 ) 12/3/1997 10:28:00 AM From: Frank Buck Respond to of 1894
To all ACMI holders. Here is an editted cut and paste of an Email I received from another AccuMed stockholder. He is an avid reader of this thread and was gracious enough to share with us his recent Q & A period with the " top-powers that be" at AccuMed H.Q.'s Q: Are the cytopathology units selling and if so, why haven't we seen any announcements? A: YES, the lack of announcements comes from the fact that the labs have been prohibiting the use of any public statements without a thorough trial time period. Q: When will be see some announcements/results of your work? A: Before the end of the year (clarified as Dec 31, 1997), and we will see multiple announcements. Q: What are the forecasts for break even? A: The target is still the middle of 1998 and he feels confident that that can occur. Along with talking with Peter this morning I spoke with Sandesh Seth, the analysist at Commonwealth Associates who follows ACMI. Based on the steady cash flow from the microbiology division, the stock should not be sold at these prices and looks VERY attractive. My personal opinion is that they need to change the mission statement of the company to reflect a "complete laboratory diagnostic" company. Too much emphasis is being placed on a small part of the revenue stream. --End-- Thanks very, very much "mystery man" for sharing this inforamtion with us. I am sure all the ACMI thread readers will be gratified that the rescue-helicopter is on the way. Guys some nice thank-yous' are in order, don't you think! By the way the Company's mission statement is: The Company's mission is to develop and market cost effective, reliable and innovative diagnostic products for the laboratory segment of the health care industry. The Company's strategy is, and will continue to be, relavant and driven by the current developments, and pressures in the health care industry. Particularly, the Company's focus includes: (1) Early detection testing products which reduce overall health care costs, (2) Faster and more accurate tests which also reduce costs and turnaround time, (3) Broadbased segmented product strategies that allow for market expansion and incremental system integration by the customer, (4) Cost effective modular product design strategies, (5) Automated evaluation products which reduce administration expense, (6) Data transmission features to meet the growing trend in networking, diverse communication methods, and facility consolidations, (7) International research and marketing to meet the growing international markets, and (8) The use of strategic relationships where possible to be the low cost supplier. Bdab, bdab, bdab...that's allll folks ! Frank