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Microcap & Penny Stocks : AMERICAN BIOMED, Minimally Invasive Technology (ABMI) -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (628)	5/2/1998 10:16:00 PM
From: Binder	Read Replies (1) \| Respond to of 2887

Wow....Hot Topics huh....well in that case... I know this is very redundant to most who are here, but here is a summary of my initial DD on this stock... American Biomed, Inc. OTC BB : ABMI Price and Volume Bid/Ask: .67/.69 Close: .69 52-Week Low $0.438 52-Week High $2.063 ÿ Daily Volume (3-monthÿavg) 1,045ÿ Share-Related Items Market Capitalization $11.4M Shares Outstanding 17.3M Float 14.9M Book Value (mrq) $0.06ÿ Earnings (ttm) -$0.17ÿ Sales (ttm) $0.03ÿ Cash (mrq) $0.04ÿ Price/Book (mrq) 11.59ÿ Price/Earnings N/Aÿ Price/Sales (ttm) 19.41ÿ Financial Strength Current Ratio (mrq) 1.12ÿ Total Debt/Equity (mrq) 0.09ÿ IN A NUTSHELL: They make heart cathetars and non-invasive medical supplies. The unfair advantage is that their products are made out of alternate materials and serve as a good replacement for latex, which has caused sever reactions in some patients and healthcare professionals. They have a great website: americanbiomed.com Address:ÿ 10077 Grogan's Mill Road, Suite 100 The Woodlands, TX 77380 Phone:ÿ (281) 367-3895 Industry:ÿ Medical Equipment & Supplies Employees:ÿ 32 Officers:ÿ Steven B.ÿRash, Chmn./Pres./CEO Colene Stigler Blankinship, Contr./CAO/Secy./Treas. Recent Earnings Announcement For the quarter ended DEC 1997, revenues were 184; after tax earnings were -952. (preliminary; reported in thousands of dollars) Here is a link to their annual report, which was just released a few weeks ago...http://sec.yahoo.com/e/l/a/abmi.html The YAHOO jist of it: ABMI is a development stage company engaged in the development, manufacture and marketing of medical devices. ABMI's primary technology is directed at interventional cardiology, endovascular surgery and minimally invasive surgical devices. For the nine months ended 9/97, net sales fell 14% to $361 thousand. Net loss applicable to Common fell 25% to $1.8 million. Results reflect the ineffectiveness of the sales team, offset by productivity improvements and lower borrowings. Hope it helps! :-) Binder