PACAD <BAGS> SEES OKAMOTO CONTRACT IN A FEW DAYS
Pacad Inc said it expects to
have a written contract with Okamoto U.S.A. Inc to market
condoms produced by its parent company, <Okamoto Riklen Gomu Co
Ltd>, in the United States within 10 days.
    Yesterday Pacad said it "has reached an agreement to enter
into a contract with Okamoto," adding "we expect our condom
sales to begin within 30 days and grow rapidly in 1987."
    In a clarifying statement, Pacad said it has "an oral
agreement with Okomoto to market condoms, and fully expects to
enter into a written contract with regard thereto within a week
to ten days."
 Reuter
