Universal Detection Technology Reports 830% Increase in Quarterly Revenues
Market Wire, August, 2007
Universal Detection Technology (OTCBB: UDTT) is pleased to announce today that its quarterly revenues for the quarter ending June 30, 2007 climbed 830% from the same quarter of the previous year. The increased revenues were derived primarily from the sale of UDTT's bioterrorism detection kits. Furthermore, the loss per share decreased to $0.002 per share from $0.01 per share. The current quarterly report can be viewed by clicking here or by going to www.sec.gov .
"We are very pleased to build on our revenue recognition from the sale of our detection kits," stated Mr. Jacques Tizabi, CEO of Universal Detection Technology.
About Universal Detection Technology
Universal Detection Technology is a developer and supplier of monitoring technologies, including bioterrorism detection devices, radiological detection systems, security products, and counter-terrorism training. The Company on its own and with development partners is positioned to capitalize on opportunities related to Homeland Security. For example, the Company, in cooperation with NASA, has developed a bio-terror 'smoke' detector that detects certain biohazard substances. For more information, please visit www.udetection.com .
Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that involve known and unknown risks and uncertainties, which may cause the Company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
Contact: Jacques Tizabi 310-248-3655 Email Contact
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