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To: The Osprey who wrote (8964)	3/11/1999 2:38:00 PM
From: Whiskeyj	Respond to of 15987

CMTR>>>>>>>>>>>>>> Home - Yahoo! - Help ------------------------------------------------------------------------ [ Business \| US Market \| By Industry \| IPO \| AP \| S&P \| International \| PRNews \| BizWire ] ------------------------------------------------------------------------ Related QuotesCMTR 0.025000 +0.014000 delayed 20 mins - disclaimer Thursday January 28, 9:29 am Eastern Time Company Press Release ChemTrak to Cease Operation SUNNYVALE, Calif.--(BUSINESS WIRE)--Jan. 28, 1999--ChemTrak Inc. (OTC BB:CMTR - news) Thursday announced that the offer to purchase its assets by Clinimetrics has been withdrawn and it does not have funds to continue operations after Jan. 29, 1999. It plans to discontinue operations at close of business Jan. 29. The company will close its headquarters facility and lab, and lay off its workers. While potential suitors continue to express an interest in buying the company or its assets, it appears unlikely that such an offer will be finalized in time for ChemTrak to continue to operate the business. It is the firm belief of the company that the proceeds of any sale or other disposition of its assets would be used solely to satisfy the claims of the company's creditors. Located in Sunnyvale, ChemTrak is a medical diagnostics company. ------------------------------------------------------------------------ Contact: ChemTrak Inc., Sunnyvale Donald V. Fluken, 408/773-8156 or Self & Associates, Calabasas, Calif. Trudy M. Self, 818/880-5437 ------------------------------------------------------------------------ More Quotes and News: Chemtrak Inc (OTC BB:CMTR - news) Related News Categories: medical/pharmaceutical ------------------------------------------------------------------------ Help ------------------------------------------------------------------------ Copyright © 1999 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving ina public database, redistributing via a computer network or in a printed form. See our Important Disclaimers and Legal Information. Questions or Comments?