BIOQ Bioqual Inc (PK)

BIOQUAL, Inc. (Pink Sheets:BIOQ), purchased 20,000 shares of BIOQUAL common stock on the open market at a price of $10.70 per share for an aggregate purchase price of $214,000. BIOQUAL used cash on hand to effect the purchase. BIOQUAL will retire these shares into its treasury. Today's purchase follows BIOQUAL's earlier offer-to-purchase of its common stock from shareholders of record on September 14, 2005 with total holdings of 99 or fewer shares of BIOQUAL common stock for $12.00 per share. Pursuant to that offer, BIOQUAL purchased a total of 6,570 shares on December 8, 2005, resulting in a reduction of approximately 100 record shareholders, for a total aggregate payment of $78,840. 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 government contracts and obtain new contracts; uncertainties relating to clinical trials; dependence on third parties; and future capital needs.