DANBURY, Conn., May 1 /PRNewswire-FirstCall/ -- Ridgefield Acquisition Corp. (OTC:RDGA) (BULLETIN BOARD: RDGA) -- announced today that the Board of Directors of the Company terminated the Company's proposed spin-off of Bio-Medical Automation, Inc., the Company's wholly owned subsidiary. Steven N. Bronson, the president of the Company, stated that "based on current market conditions and the risks associated with the business prospects of Bio-Medical Automation, Inc., the Board has determined not to go forward with the planned spin-off of Bio-Medical." About Ridgefield Acquisition Corp. Ridgefield Acquisition Corp., a Nevada corporation, whose securities are traded on the NASDAQ Over-the-Counter Bulletin Board, is primarily engaged in seeking to arrange for a merger, acquisition, business combination or other arrangement by and between the Company and a viable operating entity. For additional information concerning the Company, as well as the risks associated with an investment in the Company, readers are referred to the Company's Annual Report on Form 10-KSB for the year ended December 31, 2006. Statement as to Forward-Looking Statements The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by the Company) contain statements that are forward looking, such as statements relating to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated transactions and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ form those expressed in any forward-looking statements made by or on behalf of the Company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependency on existing management, financing activities, domestic and global economic conditions, changes in federal or state tax laws and market competition factors. We undertake no obligation to update information in this release. For Information Please Contact: Steven N. Bronson, President Ridgefield Acquisition Corp. Tel. No. (203) 791-3871 DATASOURCE: Ridgefield Acquisition Corp. CONTACT: Steven N. Bronson, President of Ridgefield Acquisition Corp., +1-203-791-3871

Copyright