BIOQUAL (Pinksheets: BIOQ):

   

2012

2011

  Revenue $ 22,667,149 $ 23,298,689   Income Before Income Tax $ 362,199 $ 682,304   Net Income $ 213,971 $ 401,662   Basic Earnings per Share of Common Stock $ .24 $ .45   Diluted Earnings per Share of Common Stock $ .24 $ .45   Weighted Average Number of Shares Outstanding For Basic Earnings 895,994 900,017   Weighted Average Number of Shares Outstanding For Diluted Earnings 895,994 900,017  

BIOQUAL’s Board of Directors has declared a dividend of $0.16 per share for shareholders of record on November 28, 2012, payable on December 18, 2012. This is the twelfth dividend declared by BIOQUAL.

Statements herein that are not descriptions of historical facts are forward-looking and subject to risk and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors including risks relating to the ability to continue to extend current government contracts and obtain new contracts; the actual cost incurred in performing its contracts; uncertainties relating to clinical trials; dependence on third parties; and future capital needs.

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