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

To: LTK007 who wrote (1167)	12/10/1997 5:43:00 AM
From: Franklin M. Humphreys	Read Replies (5) \| Respond to of 8359

All on this thread!!! Reality call!! Wake up!!!!!! The euphoria is making a mess of the panorama. You people must get your sh*t together before you are all singing the blues! I too am long ABTX. But unlike you folks I am going to keep a handle on my emotions and make some good trades in this stock. No doubt many will object to my "party pooping" comments but surely no body expects Johnny to be able to fly with all those Superman suits you have hung on him. FWIW any one who doesn't take profits at 14 1/2 is going to know the effects of rue, for sure. Frank

To: LTK007 who wrote (1167)	12/10/1997 8:40:00 AM
From: Mark Buczynski	Respond to of 8359

FYI..... AgriBioTech Inc. Signs Definitive Purchase Agreement for Seed Corp. of America With Net Sales of Approximately $40 Million LAS VEGAS--(BUSINESS WIRE)--Dec. 10, 1997--Dr. Johnny R. Thomas, chief executive officer of AgriBioTech Inc. (Nasdaq NM: ABTX), announced that AgriBioTech has signed a binding definitive purchase agreement for Seed Corp. of America and Green Seed (collectively "SeedCo"), a leading East Coast forage and turfgrass seed distribution company, with combined annualized sales of approximately $40 million. Under the terms of the definitive agreement, which is scheduled to close in early January 1998, AgriBioTech will acquire SeedCo effective Jan. 1, 1998. The cost of the acquisition is approximately $10 million in cash. This acquisition by its terms is expected to be accretive to ABT's profitability. Six months of Seed Corp's net sales combined with AgriBioTech's current revenue base of approximately $155 million from 15 completed acquisitions and the pending acquisition of Lofts Seed Inc. (Lofts) should result in fiscal 1998 (July 1, 1997 to June 30, 1998) net sales of approximately $213 million for AgriBioTech, upon the completion of the SeedCo and Lofts acquisitions. Alan Rosoff, president and chief executive officer of SeedCo, has agreed to continue to manage SeedCo under a long-term employment agreement. In addition, Rosoff will be working with ABT corporate management in Las Vegas. According to Thomas: "This acquisition will enhance AgriBioTech's distribution market share east of the Mississippi River. The combined distribution network of SeedCo, the previously announced and pending acquisition of Lofts and ABT's current East Coast distribution base would give ABT an opportunity to significantly increase its already strong presence in the Eastern part of the United States." 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 the pending acquisitions of SeedCo, Lofts and Discount Farm Center, another previously announced pending acquisition. The statements discussed in this news release 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 Securities and Exchange Commission reports. --30--LS/la RJ/la* WJA/la CONTACT: AgriBioTech Inc., Las Vegas John C. Francis, 702/798-1969 Mark in MD