|
<PAGE> 1 EXHIBIT 99.01 FOR IMMEDIATE RELEASE CONTACT: American BioMed, Inc. (972)308-8575 AMERICAN BIOMED FILES BANKRUPTCY PETITION Dallas, Texas, July 20, 2000. American BioMed, Inc. (OTC:BB:ABMI) today filed a voluntary petition under Chapter 7 of the U.S. Bankruptcy Code in the Northern District Court of Texas, Dallas Division. A Chapter 7 filing involves liquidation of the company's assets by a trustee.
|