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Marketing Communications
West Lafayette, Ind.
-- April 5, 2012 -- BASi (Bioanalytical Systems, Inc.) (NASDAQ:BASI) announced today that Jacqueline M. Lemke will join the company
as Chief Financial Officer (CFO) and Vice President of Finance and Administration, effective April 9, 2012. Ms. Lemke succeeds
Michael Cox, who left the Company to pursue other opportunities.
to welcome Jacqueline Lemke to our senior management team. She brings to her new position at BASi more than 20 years of experience
in critical financial reporting and management positions of increasing responsibility, most recently as Vice President of Finance
and Global CFO of Remy, Inc., a $900 million company. Jacqueline's demonstrated financial acumen and leadership skills will be
important assets for BASi as we implement our plans for growth," said President and CEO, Anthony S. Chilton, Ph.D. "I
want to thank Mike Cox for his dedicated service to BASi these past eight years, and wish him continued success in the future."
Prior to joining BASi,
Ms. Lemke, 49 years old, was Vice President of Finance and Global CFO of Remy, Inc. where she built a 44-person global finance
team and created a financial system to support rapid decision making and clear lines of management accountability. Earlier, she
served as Vice President of Finance, Global CFO Connected Home Solutions at Motorola, Inc., and was Strategic Planning Director,
Global Invista division at DuPont. Ms. Lemke is a CPA and began her career as a tax consultant at Deloitte & Touche.
her employment with BASi, BASi granted Ms. Lemke an option to purchase 125,000 shares of common stock in accordance with NASDAQ
Listing Rule 5635(c)(4). The grant, which is outside the BASi 2008 Director and Employee Stock Option Plan, was approved
by the Compensation Committee of the Board of Directors as an inducement material to Ms. Lemke entering into employment with BASi
and will be effective on April 9, 2012. The options vest in equal installments on March 31, 2013 and March 31, 2014, subject
to Ms. Lemke's continued employment with BASi, expire on the tenth anniversary of the effective date of the grant and are exercisable
at a price equal to the closing price on April 6, 2012.
BASi is a drug discovery
and development services company providing contract research services and instruments to the world's leading pharmaceutical companies
and medical research organizations. The company, based in the Purdue Research Park, focuses on developing innovative services and
products that increase efficiency and reduce the cost of taking new and generic drugs to market. Visit www.BASInc.com
for more about BASi.