To: Sergio H who wrote (770 ) 12/24/1997 10:35:00 AM From: Frank Fontaine Respond to of 2377
American Bio Medica Stock Begins Trading on the Nasdaq SmallCap Market PR Newswire - December 24, 1997 10:01 ABMC %MTC V%PRN P%PRN Trading Commences at Market Opening ANCRAMDALE, N.Y., Dec. 24 /PRNewswire/ -- American Bio Medica Corporation (Nasdaq: ABMC) today announced that its stock began trading on The Nasdaq SmallCap Market(SM) this morning. "We are extremely pleased for our stock to begin trading on The Nasdaq SmallCap Market," commented American Bio Medica President Stan Cipkowski. "This listing not only adds credibility to the Company but creates the opportunity to increase our shareholder base and gain valuable analyst coverage. "Our listing is especially gratifying for everyone involved here at American Bio Medica," continued Cipkowski. "We sincerely appreciate our shareholders' confidence and look forward to reporting continued appreciation of our long-term value as we expand within the global substance abuse testing industry." Nasdaq, the fastest growing stock market in the United States, began operating in 1971 and was the world's first electronic stock market. Today, it serves millions of investors around the globe, has more listed companies than any other market in the world, and, in terms of dollar volume trading, is the world's second largest stock market. Companies listed on Nasdaq are separated into two tiers -- The Nasdaq SmallCap Market(SM), for small- to medium-sized companies, and the Nasdaq National Market(R), for larger companies with higher capitalization. American Bio Medica Corporation develops, manufactures, and markets rapid, low-cost, and easy-to-use diagnostic kits and support services to substance abuse testing markets worldwide. In field tests conducted last year, ABMC's drug detection strip demonstrated 100% correlation with the results produced by the SYVA EMIT II standard laboratory test. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. For further information, updates, and a current report, see www.otcfn.com/abmc SOURCE American Bio Medica Corporation /CONTACT: Geoffrey J. Eiten, President of OTC Financial Network, 888-433-3077, 781-444-6100 or Stan Cipkowski, President of American Bio Medica, 518-329-4485/ /Web site: otcfn.com (ABMC) CO: American Bio Medica Corporation ST: New York IN: MTC SU: Happy Holidays, Frank.