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Abaxis CEO Clint Severson Named 'Entrepreneur of the Year' by Forbes Magazine
Date:10/16/2007

Abaxis Ranked 11th of the '200 Best Small Companies In America'

UNION CITY, Calif., Oct. 16 /PRNewswire-FirstCall/ -- Abaxis, Inc. (Nasdaq: ABAX), a medical products company manufacturing point-of-care blood chemistry analysis systems, announced today that Clint Severson, Abaxis' chairman and chief executive officer, was named "Entrepreneur of the Year" by Forbes Magazine in its October 29, 2007 issue. Also in that issue, Abaxis was ranked eleventh of the "200 Best Small Companies in America."

"I am gratified that I, along with all of our dedicated employees, have been honored by Forbes, the iconic weekly business publication of record," said Mr. Severson. "These awards are testament to the dedication of our employees to provide widely usable technology to healthcare providers nationwide that can produce timely, accurate diagnostic results that can lead to improved patient outcomes and better quality of life. We thank Forbes for these high honors and we pledge to live up to these accolades each and every day."

About Abaxis, Inc.

Abaxis develops, manufactures and markets portable blood analysis systems for use in any veterinary or human patient-care setting to provide clinicians with rapid blood constituent measurements. The system consists of a compact, 5.1 kilogram (11.2 pounds), portable analyzer and a series of single-use plastic discs, called reagent discs that contain all the chemicals required to perform a panel of up to 13 tests on veterinary patients and 14 tests on human patients. The system can be operated with minimal training and performs multiple routine tests on whole blood, serum or plasma samples. The system provides test results in less than 12 minutes with the precision and
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SOURCE Abaxis, Inc.
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