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STRU~ News
Struthers Actively Explores New Business Initiatives
via COMTEX

December 22, 2003

CHARLESTON, S.C., Dec 22, 2003 (BUSINESS WIRE) --

Struthers, Inc. (OTC Pink Sheets: STRU) announced today that the Company is actively considering several different business initiatives and proposed business combinations that have been presented to it over the past several weeks. The specific types of initiatives being pursued include both traditional bio-tech related activities and also other non-traditional types of business operations.

Multi-Pronged Approach

'The Company has adopted a multi-pronged approach to its business development activities', said Douglas Beatty, President/CEO. 'While on the one hand we are planning on leveraging our existing technology, licenses, patents and trademarks to the fullest extent possible, we are also entertaining other proposals which involve new types of revenue streams for the Company'. 'With the re-birth of the Company and the seating of our new Board of Directors it became clear to us that there were a number of new opportunities available to us - options that should be pursued.'

Dana Allen, Chairman, stated 'The revival of the Company has given us a great opportunity, to look at those things that remain which are of continuing value, but also to consider some new and innovative concepts which have been forwarded.'

A Re-defined Business Philosophy - Profitability and Growth

'At it's initial meeting on December 6, 2003, the Board of Directors adopted a new business philosophy for Struthers, Inc. - that any business activity we consider must first meet the twin parameters of high growth and profitability,'said Bertram Remley, Secretary/Treasurer. 'Our shareholders have seen quite enough money-losing propositions in the past - now is the time to focus on profitability. While we continue with our initiative to 'discover and recover'assets, we are also looking to add new high-growth and profitable business activities to our portfolio.'

Status of Negotiations

'Due to confidentiality constraints, we are unable to disclose the specifics of the business relationships that are currently under discussion, however we are hopeful of being able to enter into memorandums of understanding in the near future, with closings slated for the first quarter of 2004,'said Douglas Beatty, President/CEO. 'So far, our discussions have proceeded on an excellent schedule, aided by the full involvement of our Board.'

Visit our Website at http://www.struthers-inc.com/

SOURCE: Struthers, Inc.