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Biotech / Medical : Chromatics Color Sciences International. Inc; CCSI -- Ignore unavailable to you. Want to Upgrade?

To: Karl Drobnic who wrote (2494)	6/8/1998 7:53:00 PM
From: JanyBlueEyes	Read Replies (2) \| Respond to of 5736

Chromatics Color Sciences Response to Market Activity NEW YORK, June 8 /PRNewswire/ -- Chromatics Color Sciences International, Inc. (Nasdaq: CCSI - news) today announced that while it cannot speculate on the reasons for the recent trading activity in its stock, no negative news or developments have occurred at the Company. As previously publicly disclosed, the Company continues to be engaged in late stage negotiations with potential manufacturing and distribution partners. The Company anticipates being able to make an announcement on the outcome of those negotiations shortly. The Company noted that there is a large short position in the market for it stock, which could account for the trading activity. Chromatics Color Sciences is in the business of color science and has developed technologies and intellectual properties which it believes have medical applications involving the detection and monitoring of certain chromogenic diseases or disorders such as bilirubin infant jaundice. The Company defines chromogenic diseases or disorders as those diagnosed or monitored by the coloration of the human skin, tissue or fluid being affected. Other medical applications will require additional clinical trails and FDA clearance. The Company's technologies and intellectual properties also have other applications, including the scientific color measurement and classification of human skin, certain color-sensitive consumer products, and in determining the color compatibility of such skin and product color classification for use in a variety of industries including the cosmetic, beauty-aid and fashion industries. Certain of the matters discussed in this announcement contain forward- looking statements.......