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PRESS RELEASE


FOR IMMEDIATE RELEASE

CONTACT:
W. Richard Ulmer
(800) 2-INVITRO
http://www.invitrointl.com


INVITRO REPORTS YEAR ENDED FINANCIAL RESULTS

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS



Year Ended September 30,

1997 1996



Revenues $720,000 $1,063,000


Costs and expenses 2,077,000 3,036,000


Loss from operations (1,357,000) (1,973,000)


Other income 26,000 74,000


Net loss $(1,331,000) $(1,899,000)


Loss per common share $(0.09) (0.15)


Weighted average common

shares outstanding 14,012,959 12,386,893








Condensed Consolidated Balance Sheet




September 30, September 30,
1997 1996



Cash and cash equivalents $54,000 $1,209,000


Other current assets 584,000 819,000


Total current assets 638,000 2,028,000


Noncurrent assets 255,000 387,000


Total assets $893,000 $2,415,000


Current liabilities $169,000 $351,000


Shareholders' equity 724,000 2,064,000


Total liabilities & equity $893,000 $2,415,000





















InVitro International
17751 Sky Park East, Suite G
Irvine, CA 92614

800-2-INVITRO (800-246-8487)
949-851-8356 (International callers)
949- 851-4985 Fax

invitro@invitrointl.com

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