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PRESS RELEASE


FOR IMMEDIATE RELEASE

CONTACT:

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


INVITRO REPORTS FIRST QUARTER FINANCIAL RESULTS



CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS



Three Months Ended December 31,

1997 1996



Revenues $133,000 $259,000


Costs and expenses 191,000 779,000


Loss from operations (58,000) (520,000)


Other income 0 14,000


Net loss $(58,000) $(506,000)


Loss per common share $(0.004) (0.04)


Weighted average common

shares outstanding 14,028,300 14,028,300








Condensed Consolidated Balance Sheet




December 31, September 30,
1997 1997



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


Other current assets 539,000 584,000


Total current assets 593,000 638,000


Noncurrent assets 229,000 255,000


Total assets $822,000 $893,000


Current liabilities $158,000 $169,000


Shareholders' equity 664,000 724,000


Total liabilities & equity $822,000 $893,000













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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