BIOQUAL Presents Financial Results for Fiscal Year 2010 and Declares Dividend

BIOQUAL (Pinksheets:BIOQ):

2010

2009

        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Revenue
        
        
        
        
        
        
        
        
          $
        
        
          23,783,030
        
        
        
        
        
        
          $
        
        
          28,247,895
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Income Before Income Tax
        
        
        
        
        
        
        
        
          $
        
        
          683,726
        
        
        
        
        
        
          $
        
        
          2,219,052
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Net Income
        
        
        
        
        
        
        
        
          $
        
        
          416,415
        
        
        
        
        
        
          $
        
        
          1,322,209
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Basic Earnings per Share
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          of Common Stock
        
        
        
        
        
        
        
        
          $
        
        
          .46
        
        
        
        
        
        
          $
        
        
          1.46
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Diluted Earnings per Share
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          of Common Stock
        
        
        
        
        
        
        
        
          $
        
        
          .46
        
        
        
        
        
        
          $
        
        
          1.46
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Weighted Average
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Number of Shares Outstanding
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          For Basic Earnings
        
        
        
        
        
        
        
        
        
        
          903,951
        
        
        
        
        
        
        
        
          903,428
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Weighted Average
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Number of Shares Outstanding
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          For Diluted Earnings
        
        
        
        
        
        
        
        
        
        
          903,951
        
        
        
        
        
        
        
        
          904,346
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
    
    

BIOQUAL’s Board of Directors has declared a dividend of $0.16 per share for shareholders of record on September 21, 2010, payable on October 12, 2010. This is the tenth dividend declared by BIOQUAL.

Statements herein that are not descriptions of historical facts are forward-looking and subject to risk and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors including risks relating to the ability to continue to extend current government contracts and obtain new contracts; the actual cost incurred in performing its contracts; uncertainties relating to clinical trials; dependence on third parties; and future capital needs.