STRU NEWS!
*** NEWS ***
\ (BSNS WIRE) Struthers, Inc. Announces Initial Drawdown of Funding Provided
Struthers, Inc. Announces Initial Drawdown of Funding Provided By Alpha Venture
Capital Inc.
Business Editors/Health and Medical Writers
BIOWIRE2K
WAUKON, Iowa--(BW HealthWire)--July 18, 2001--
Barry Kaplan Associates Retained To Handle
Investor/Public Relations
Struthers, Inc. (NASDAQ OTC Bulletin Board: STRU) announced today
its initial drawdown of $250,000 from its $10 million standby equity
financing agreement with Alpha Venture Capital Inc.
This capital source was reported in a previous press release on
April 16, 2001 and the drawdown was accomplished through a Put
Purchase Notice with Alpha on July 13, 2001.
Mariano Raigo, President stated, "These new funds will be used in
our expanding swine industry operations aimed at the sale and
marketing of products and services designed to increase reproductive
efficiency, animal production and quality through our unique
technology. This funding was important to accelerate our success.
"I am also happy to report that the Company has retained the
investor/public relations firm of Barry Kaplan Associates to help
expand the knowledge of Struthers, Inc.'s exciting potential to its
large audience of professionals in the investment arena. Barry Kaplan
Associates has helped many companies over its 23 year history to
establish contacts on a nationwide basis with brokers, analysts,
investment advisors and institutions."
Certain statements in this press release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Readers are cautioned not to
place undue reliance on statements, each of which speak only as of the
date made. All such forward-looking statements are only estimates of
future results and actual results may differ materially from those
anticipated or projected. The Company undertakes no obligation to
update or revise any such forward-looking statements.
--30--PS/ch*
CONTACT: Barry Kaplan Associates
Barry S. Kaplan, 732/747-0702; smallkap@aol.com
