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ABMC Stock: American Bio Medica Announces First Quarter 2007 Results

Net sales for the first quarter of 2007 were $3,175,000, compared to $3,423,000 for the same period last year, a decrease of $248,000 or a 7.2%. The Company reported that growth in national account sales and international sales was offset by a decrease in contract manufacturing sales of $291,000. While the Company saw a decrease in contract manufacturing sales on a comparative quarter to quarter basis, the Company does not expect to see a decline in contract manufacturing sales in fiscal year 2007 as compared to fiscal year 2006.

The Company reported an operating loss of $274,000 for the first quarter of 2007 compared to operating income of $32,000 in the first quarter of 2006. Net loss for the first three months of 2007 was $297,000, or $0.01 per share, compared to net income of $11,000, or $0.00 per share, for the first three months of 2006.

The Company also reported in the first quarter that they had launched the OralStat® EX, a new test system for the rapid detection of drugs of abuse in oral fluids and signed a purchase agreement with one of the world’s largest clinical laboratories.

Chief Executive Officer Stan Cipkowski stated, “This was certainly a disappointing quarter but I’m pleased to report that April was an outstanding month and we are seeing increased sales of our products from our new laboratory relationship. Even with the results of the first quarter, I remain confident that growth in our current core markets and expansion into new markets directly and through our new laboratory relationship will make 2007 a year of growth in sales and earnings.”

Conference Call

The Company will host a conference call and webcast to discuss the First Quarter results on Friday, May 11, 2007 at 11:00 a.m. (EST). Investors and interested parties are invited to participate. The call will be broadcast live over the Internet at www.abmc.com/investor/. The webcast will be listen-only mode. Listeners are requested to be online at least fifteen minutes early to register, as well as to download and install any complimentary audio software that might be required. To ask questions, you are invited to participate by phone. Within the United States, dial               1-866-214-7077        and internationally dial               1-416-915-9608       . The call will be available for replay at www.abmc.com/investor/ for 30 days.

For more information on ABMC or its drug testing products, please visit www.abmc.com.

About American Bio Medica Corporation

American Bio Medica Corporation is a biotechnology company that develops, manufactures and markets accurate, cost-effective immunoassay diagnostic test kits, including some of the world’s most effective point of collection tests for drugs of abuse. The Company and its worldwide distribution network target the workplace, government, corrections, clinical and educational markets. ABMC’s Rapid Drug Screen®, Rapid One®, Rapid TEC®, RDS® InCup® and Rapid TOX™ products test for the presence or absence of drugs of abuse in urine, while OralStat tests for the presence or absence of drugs of abuse in oral fluids. ABMC’s Rapid Reader® is a compact, portable device that, when connected to any computer, interprets the results of an ABMC drug screen, and sends the results to a data management system, enabling the test administrator to easily manage their drug testing program.