Avitar Common Stock Now Trading on OTC Bulletin Board
21 September 2005 - 11:46PM
PR Newswire (US)
CANTON, Mass., Sept. 21 /PRNewswire-FirstCall/ -- Avitar, Inc.
(OTC:AVRN.OB) (BULLETIN BOARD: AVRN.OB) (or the "Company") is
pleased to announce that NASD has approved the Company's
application for its Common Stock to be quoted on the Bulletin
Board. Quotation for trading on the Bulletin Board began September
20, 2005. The trading symbol is AVRN.OB. The OTC Bulletin Board is
a regulated quotation service that displays real-time quotes,
last-sale prices, and volume information in over-the-counter
securities. Securities quoted on the Bulletin Board are subject to
filing requirements with the Securities and Exchange Commission.
The National Association of Securities Dealers, a self-regulatory
organization of the securities industry, oversees both OTC Bulletin
Board and the NASDAQ stock market. "We are pleased to announce the
approval of the quotation of our Common Stock on the OTC Bulletin
Board," commented Peter P. Phildius, CEO of Avitar, Inc. "As was
previously announced on August 25, 2005, it has been our intention
to be quoted on the NASD OTC Bulletin Board in order to provide our
shareholders with a more readily accessible market presence." About
Avitar Avitar, Inc. develops, manufactures and markets innovative
and proprietary products. Their field includes the oral fluid
diagnostic market, the disease and clinical testing market, and
customized polyurethane applications used in the wound dressing
industry. Avitar manufactures ORALscreen(R), the world's first
non-invasive, rapid, onsite oral fluid test for drugs-of-abuse, as
well as HYDRASORB(R), an absorbent topical dressing for moderate to
heavy exudating wounds. Avitar is also developing diagnostic
strategies for disease and clinical testing in the estimated $25
billion in-vitro diagnostics market. Conditions targeted include
influenza, diabetes, and pregnancy. For more information, see
Avitar's website at http://www.avitarinc.com/. Safe Harbor
Statement. This release contains forward looking statements that
are subject to risks and uncertainties including the development
and marketing of new applications and other risks that are detailed
from time to time in the Company's filings with the Securities and
Exchange Commission. In view of such risks and uncertainties, the
Company's actual results could differ materially from those
anticipated in such forward looking statements. Company Contact: PR
Contact: Jay C. Leatherman, CFO Monica Pandolfi Avitar, Inc. Shift
Communications 781-821-2440 617-681-1235 http://www.avitarinc.com/
IR Contact: Lisa DeScenza LaVoie Group 617-688-3088 DATASOURCE:
Avitar, Inc. CONTACT: Jay C. Leatherman, CFO of Avitar, Inc.,
+1-781-821-2440, ; or PR Contact: Monica Pandolfi of Shift
Communications, +1-617-681-1235, ; or IR Contact: Lisa DeScenza of
LaVoie Group, +1-617-688-3088, Web site: http://www.avitarinc.com/
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