American Esoteric Laboratories, Inc., Announces Acquisition of Physicians Medical Laboratory (PML)

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    NASHVILLE, Tenn., March 15 -American Esoteric Laboratories, Inc. (AEL), a full-service provider of esoteric and other clinical reference laboratory services, today announced it has acquired Physicians Medical Laboratory (PML) located in Morristown, TN.

    In conjunction with its expansion into the Nashville market, the PML acquisition allows AEL to further expand its presence in Eastern Tennessee and the surrounding areas. AEL continues to achieve its mission in providing faster result turnaround times, wide range of quality, and specialized cost- effective testing services to enhance patient care for its customers in both urban and rural markets.

    Chairman and CEO Brian Carr added, "The addition of PML to our family of laboratories broadens our base throughout Tennessee, reinforcing AEL's desire to provide regionalized laboratories for community-based physicians, as well as further utilizing our national esoteric facility in Dallas, TX."

    About Physicians Medical Laboratory

    Founded by a former Morristown, TN pathologist 30 years ago, Physicians Medical Laboratory (PML) is a core, full service laboratory serving customers in East Tennessee and the surrounding areas. Since 1996, PML as has embarked on significant technological upgrades including the implementation of a sophisticated laboratory information system and a complex billing computer system. The laboratory has built its business and reputation on using cutting edge technology to provide quality testing and high levels of customer service.

    About American Esoteric Laboratories, Inc.

    American Esoteric Laboratories, Inc. (AEL) is a company designed to provide industry leading turn-around time, informatics, personalized customer service and other qualitative services in clinical reference testing for healthcare professionals. The company supports its routine regional laboratory network by also offering a wide menu of clinical esoteric tests that provide physicians with the clinical information required to complete a diagnosis, establish a prognosis, or to choose and monitor a therapeutic regimen. AEL uses advanced information technology solutions to accelerate and automate electronic assay ordering and results reporting for its customers. For more information please visit our website at http://www.ael.com .

     Press Contact:

     Brian Carr

     AEL, Chairman and Chief Executive Officer

     (615) 627-3252

     bcarr@ael.com

     Jim Billington

     AEL, President and Chief Operating Officer

     (214) 239-1542

     jbillington@ael.com
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