To: Amanda Marley-Clarke who wrote (2 ) 3/2/1998 7:32:00 PM From: Aishwarya Read Replies (1) | Respond to of 2887
Here is some research in a capsule for New InvestorsAmerican BioMed Inc. is engaged in the development, manufacture and marketing of next generation minimally invasive medical, surgical and diagnostic devices which deliver unique advantages through advanced technology. OmniStent(tm), which incorporates the company's (U.S. and European) patented "endless loop" process, offers the physician a choice in configurations and more options (including bifurcations) than any other stent in this 2-billion $ market. OmniCath(r) is a directional atherectomy catheter that employs deflecting nontraumatizing wires to anchor the cutting window at the atherectomy site. Directional atherectomy is used as an alternative and adjunct to angioplasty and stent procedures intended to treat peripheral vascular disease. Other devices such as unique silicone catheters as well as spinal dissectors are also marketed by the company. Management of the company has undertaken efforts to identify healthcare companies with similar technologies to its own or companies seeking new proprietary products to strengthen their existing market position. The change in management has reflected an overall enthusiasm to sell their products aggressively like it has never ben done before. They should get the benefit of doubt for their actions and this stock is poised to move from here or get interest from other companies for takeover/partnership perspective. Their strategy is directed toward the formation of strategic alliances, joint venture arrangements, licensing and distribution agreements, and research and development agreements/projects. An integral part of this strategy is to aggressively pursue the sale of ancillary technologies which will enable the company to focus its resources exclusively on its core technologies and continued commercialization of its all silicone balloon catheter products. According to industry sources, the world wide market for their products are estimated at approximately 2 billion dollars plus. The company anticipates it can initially penetrate and achieve a decent market share and capture 25% of this market with a strong strategic alliance partner. To get here they have formed alliances with a lot of distributors and resellers lately and this is viewed as a positive. What the ISO 9000 means to all of us on this thread. ABMI is conforming to international standards and they can potentially manufacture the likes of cathers and stents etc,. on an OEM scale for other manufacturers. This is an ideal way to keep operations lean as they do not increase their stock on these products. Instead the devices are manufactured after orders are booked. This has many advantages that they will not have to spend a dollar till it is absolutely necessary and they in turn will benefit from huge sales to other companies in the similar technologies. Now it is a lot cheaper for other companies to buy through another manufacturer as it is a very costly process to establish manufacturing facilities and employ people and thus overheads increase. Regards, Sri