Full Press Release Details
| FOR MORE INFORMATION: | Company Contact: | |
| Jacqueline Lemke | ||
| President, CEO and CFO | ||
| Phone: 765.497.5829 | ||
| jlemke@BASinc.com | ||
| Agency Contact: | ||
| Neil Berkman | ||
| Berkman Associates | ||
| Phone: 310.477.3118 | ||
| info@berkmanassociates.com |
Extension of Mortgage Maturity
IN - November 4, 2013 - Bioanalytical Systems, Inc. (NASDAQ:BASI) announced today that it has negotiated
a twelve month extension, until October 31, 2014, on the maturity of its $5,255,000 mortgage that was originally scheduled to mature
on October 31, 2013.
extension enhances our flexibility as we continue to explore alternatives for this debt, including a sale/leaseback transaction
on our building in West Lafayette or a refinancing," said President, CEO and CFO Jacqueline Lemke.
About Bioanalytical Systems,
pharmaceutical development company providing contract research services and monitoring instruments to the world's leading drug
development companies and medical research organizations. The company focuses on developing innovative services and products that
increase efficiency and reduce the cost of taking a new drug to market. Visit www.BASinc.com for more about BASi.
This release contains forward-looking
statements that are subject to risks and uncertainties including, but not limited to, risks and uncertainties related to changes
in the market and demand for our products and services, the development, marketing and sales of products and services, changes
in technology, industry standards and regulatory standards, and various market and operating risks detailed in the company's filings
with the Securities and Exchange Commission.