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Biotech / Medical : Trickle Portfolio
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To: dalroi who wrote (1261)11/7/2002 1:54:58 PM
From: tuck   of 1784
 
>>FOSTER CITY, Calif., Nov. 7 /PRNewswire-FirstCall/ -- Argonaut Technologies, Inc. (Nasdaq: AGNT - News) announced it had entered into the final stage of its global integration of Jones Chromatography Limited and International Sorbent Technologies Limited (Jones Group) ahead of schedule. The company has completed the change of name process for the former Jones Group Companies and is now officially Argonaut Technologies in all territories where the combined companies operate.

"This will allow us to further streamline our business practices and make it easier for our customers to do business with us on a global basis," stated Lissa Goldenstein, president and chief executive officer of Argonaut Technologies. "This is a key outward sign that we are committed to the successful and ahead-of-schedule integration of the Jones Group. It reinforces our focus on providing leading-edge, cost effective solutions for chemical synthesis and purification to global pharmaceutical and chemical companies."

The acquisition of the Jones Group was announced in February 2002. Since then, the companies have been working towards unifying and streamlining all aspects of their combined businesses. Argonaut Technologies recently reported that third quarter 2002 net sales grew over 100% from sales in the year ago period while operating expenses grew only 4% -- an outcome of the realization of synergies as well as careful fiscal management.<<

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Cheers, Tuck
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