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Abaxis Reports Financial Performance with Record Revenues for the Second Quarter of Fiscal 2012
Date:10/25/2011

rs we have built a high level of credibility with the segment of the veterinary community that relies on our point-of-care instruments to compassionately care for their patients on a timely basis.  We believe that this community will give AVRL the opportunity to earn their reference laboratory business.  Our expectation is to leverage that credibility and develop a consistently growing business in the years to come."

"We are also devoted to enhancing the market capitalization of the company for the benefit of our loyal shareholders.  The Board has authorized us to acquire up to $40.0 million of Abaxis common stock in the open market.  In our second quarter of fiscal 2012, we acquired approximately 1.2 million shares in the open market for approximately $27.3 million.  We believe this is a sound investment and we will take the opportunity to support our shareholders in the future when we believe the price is appropriate.  We are very upbeat about the prospects of the company in the coming years."

Conference CallAbaxis has scheduled a conference call to discuss its results at 4:15 p.m. Eastern Time on Tuesday, October 25, 2011.  Participants can dial (877) 317-6789 or (412) 317-6789 to access the conference call, or can listen via a live Internet web cast, which is available in the Investor Relations section of the company's website at http://www.abaxis.com.  A replay of the call will be available by visiting http://www.abaxis.com for the next 30 days or by calling (877) 344-7529 or (412) 317-0088, confirmation code 10005496, through November 1, 2011.  This press release is also available prior to and after the call via Abaxis' website or the Securities and Exchange Commission's website at http://www.sec.gov.  

About AbaxisAbaxis develops, manufactures, markets and sells portable blood ana
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SOURCE ABAXIS, Inc.
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