Avatex Corporation

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International Guild of Hospitality & Restaurant Managers

5910 N. Central Expressway, Suite 1780
Dallas , TX 75206

Phone: (214) 365-7450
Fax: (214) 365-7498

Avatex Corporation, incorporated on September 27, 1982 , is a holding company that, along with its subsidiaries, owns interests in other corporations and partnerships. The Company consolidated Chemlink Laboratories, LLC (Chemlink) at March 31, 2002 as a result of its control of 50% of the voting interests of Chemlink through its 59% interest in Chemlink Acquisition Company, LLC (CLAC). Chemlink is primarily engaged in the development, manufacture and distribution of effervescent tablet and granule formulations for consumers and businesses for use in cleaning, disinfecting and sterilization applications. The Company also owns 48% of Phar-Mor, Inc., which operates a chain of discount retail drugstores. Phar-Mor filed for bankruptcy protection under Chapter 11 of the Bankruptcy Code on September 24, 2001.

The Company also owns the equivalent of an approximate 13.5% fully diluted interest in Presby Corp. Presby is a privately held company that has developed a surgical technique called the Surgical Reversal of Presbyopia, which uses a patented medical device, the Scleral Expansion Band, to treat presbyopia.

In addition, the Company owns the equivalent of an approximate 14.5% interest, on a fully diluted basis, in i Life Systems, Inc. (i Life), a privately held corporation. i Life owns certain patents issued or pending, which provide for reliable, electrode-free, non-invasive methods for detecting and analyzing breathing, heart rate and body motions as well as methods for microwatt wireless transmission, for digital data recording and for electrode-free, infrasound-based detection and intervention. At March 31, 2001 , the Company owned approximately $1.9 million of preferred stock of HPD Holdings Corp. (HPD), which was a privately held corporation whose subsidiary manufactured and distributed household product lines.

Disclaimer:
The data included within the Financial section is solely for information and does not construe a recommendation and/or endorsement by IGHRM or its members to invest funds with any of the companies listed. You are strongly advised to obtain professional advice with qualified individuals or corporations for any investments of funds.

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