Bio-Reference Laboratories, Inc. Presents At UBS Warburg Global Healthcare Conference

Business Wire, Feb 9, 2001

Health/Medical Writers

BIOWIRE2K

NEW YORK--(BW HealthWire)--Feb. 9, 2001

Company Continues to Experience Strong Organic Growth

In a presentation at the UBS Warburg Global Healthcare Conference February 7, 2001, Bio-Reference Laboratories, Inc. (NASDAQ: BRLI) told an audience of investors and industry analysts that the Company continues to experience strong organic growth with the expansion of its sales staff and its entry into vertical markets.

Over one hundred top healthcare industry companies were invited to participate in the four-day conference, which began February 5 at New York's Plaza Hotel.

Marc D. Grodman, M.D., Chairman, President and Chief Executive officer of Bio-Reference, told the assembled investors, We have expanded our sales staff with seasoned professionals and are aggressively expanding our core business by combining synergistic services which enhance value and create market differentiation. We are utilizing the inherent data exchange connectivity of the clinical laboratory and our unique understanding of the clinical laboratory data in conjunction with other sources of data to provide these synergistic services.

He also told the audience Bio-Reference that morning had announced contracts valued at approximately $9 million annually to serve two New York correctional systems, including New York City's Riker's Island and New York State Prisons. "These contracts underscore the substantial growth we see in this sector and where Bio-Reference has a prominent and leading position," he stated.

Dr. Grodman further elaborated, " In addition to the strong, consistent growth that has continuously been demonstrated by our core laboratory business over the past five years, the Company's two subsidiaries, CareEvolve and PSIMedica, have even further enhanced the core laboratory business by providing yet another source of value added services to the physician."

If you wish to listen to a replay of the Bio-Reference Laboratories, Inc. presentation, the listen-only dial-in telephone number is Domestic (877) 803-5524 and International (402) 220-0705.

About Bio-Reference Laboratories, Inc.

The Company is the largest regional clinical laboratory in the North East and has major market positions in physician offices, nursing homes and correctional institutions. The Company's wholly owned subsidiary, CareEvolve.com, is a physician-centric health portal that seeks to enhance physician-patient and physician-payer electronic communications on a secure basis, including communicating laboratory results, e-mail, prescriptions, payer verification and eligibility, as well as offering many other value-added Internet based services to its physician members.

This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such factors are detailed from time to time in the Company's filings with the regulatory authorities having jurisdiction.

This press release is available on the KCSA Public Relations Worldwide Web site at www.kcsa.com