Abaxis CEO Clint Severson Named 'Entrepreneur of the Year' by Forbes Magazine
16 10월 2007 - 7:00PM
PR Newswire (US)
Abaxis Ranked 11th of the '200 Best Small Companies In America'
UNION CITY, Calif., Oct. 16 /PRNewswire-FirstCall/ -- Abaxis, Inc.
(NASDAQ:ABAX), a medical products company manufacturing
point-of-care blood chemistry analysis systems, announced today
that Clint Severson, Abaxis' chairman and chief executive officer,
was named "Entrepreneur of the Year" by Forbes Magazine in its
October 29, 2007 issue. Also in that issue, Abaxis was ranked
eleventh of the "200 Best Small Companies in America." "I am
gratified that I, along with all of our dedicated employees, have
been honored by Forbes, the iconic weekly business publication of
record," said Mr. Severson. "These awards are testament to the
dedication of our employees to provide widely usable technology to
healthcare providers nationwide that can produce timely, accurate
diagnostic results that can lead to improved patient outcomes and
better quality of life. We thank Forbes for these high honors and
we pledge to live up to these accolades each and every day." About
Abaxis, Inc. Abaxis develops, manufactures and markets portable
blood analysis systems for use in any veterinary or human
patient-care setting to provide clinicians with rapid blood
constituent measurements. The system consists of a compact, 5.1
kilogram (11.2 pounds), portable analyzer and a series of
single-use plastic discs, called reagent discs that contain all the
chemicals required to perform a panel of up to 13 tests on
veterinary patients and 14 tests on human patients. The system can
be operated with minimal training and performs multiple routine
tests on whole blood, serum or plasma samples. The system provides
test results in less than 12 minutes with the precision and
accuracy equivalent to a clinical laboratory analyzer. The
veterinary business also provides to the veterinarian and research
market a line of hematology instruments for point of care complete
blood counts (CBC). This press release includes statements that
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Abaxis claims the
protection of the safe-harbor for forward-looking statements
contained in the Reform Act. Specific forward-looking statements
contained in this press release include, but are not limited to,
risks and uncertainties related to the market acceptance of the
Company's products and the continuing development of its products,
risks associated with manufacturing and distributing its products
on a commercial scale, risks associated with entering the human
diagnostic market on a larger scale, risks involved in carrying of
inventory, risks from unexpected problems or delays in the
Company's manufacturing facility, risks associated with the ability
to attract and retain competent sales personnel, general market
conditions, competition, risks and uncertainties related to its
ability to raise capital in order to fund its operations and other
risks detailed from time to time in Abaxis' periodic reports filed
with the United States Securities and Exchange Commission.
Forward-looking statements speak only as of the date the statement
was made. Abaxis does not undertake and specifically disclaims any
obligation to update any forward-looking statements. Contact: Clint
Severson Lytham Partners, LLC Chief Executive Officer Joe Dorame,
Joe Diaz & Robert Blum Abaxis, Inc. 602-889-9700 510-675-6500
DATASOURCE: Abaxis, Inc. CONTACT: Clint Severson, Chief Executive
Officer of Abaxis, Inc., +1-510-675-6500; or Lytham Partners, LLC,
Joe Dorame, Joe Diaz & Robert Blum, +1-602-889-9700 Web site:
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