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Universal Detection Technology (OTC BB: UDTT) should be in view of aggressive investors and day traders as the markets begin trading this morning. Yesterday after the stock markets closed, the company, a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats, issued a press release announcing that it has received a firm order from a government of a Western European country for two units of UDTT's BSM-2000 Anthrax Detection Systems.
The company's new sale should have the attention of investors! According to the company, this is the first order by a European government for the purchase of UDTT's bacterial spore monitors, which have been developed in collaboration with NASA's Jet Propulsion Laboratory. The first unit is expected to be shipped within thirty days and the second unit within sixty days. At the request of the purchasing government, the name of the country and the branch of government are currently being withheld until further notice. The purchasing government is considered a military ally of the United States.
"This sale represents our first sale of the BSM-2000 to a government, and we are very pleased to receive the purchase order for two systems and continue to position our technology for commercial application in the international marketplace," said Jacques Tizabi, UDTT's Chief Executive Officer.
Watch this company for more breaking news!
Prior to yesterday's press release, the stock closed yesterday at around Ten cents a share.
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Showing a hammer on the chart today! Also, some news of a firm to get GSA Business rolling.
April 20, 2006 04:01 PM US Eastern Timezone Universal Detection Technology (``UDTT'') Engages Joseph Breen & Associates to Obtain Government Contracts under the GSA Schedule LOS ANGELES--(BUSINESS WIRE)--April 20, 2006--Universal Detection Technology (OTCBB:UDTT) (FWB:PO8), a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats, announced today that it has retained Joseph Breen & Associates, LLC of Washington, DC to develop a government contracts program to enable U.S. government agencies to purchase Universal Detection Technology's advanced monitoring and early-warning technologies and services through the U.S. General Services Administration.
"The United States Government is the largest facilities manager in the United States," said Breen. "Universal Detection's unique and highly sophisticated technology has multiple applications. We believe that Universal Detection has positioned itself to become a leader in developing technologies to combat the threat of bio-terrorism," continued Breen.
The U.S. General Services Administration (GSA) is a federal management and procurement agency that provides products and services to the U.S. government. The GSA consists of the Federal Supply Service, the Federal Technology Service, the Public Buildings Service, the Office of Government Policy, and various Staff Offices. The GSA acts as a catalyst for more than one-fourth of the government's total procurement dollars, according to the www.gsa.gov website.
"This is a big step for Universal Detection Technology. Being on the GSA schedule would potentially be of great benefit to us in doing business with the US Government," said Jacques Tizabi, UDTT's CEO.
About Breen & Associates
Breen & Associates is a government contracting sales consulting firm based in Washington, DC. For companies looking for entry into the government markets, Breen & Associates provides assistance in compiling necessary information, putting together comprehensive applications, submitting applications to the GSA, and following up to obtain a contract.
About Universal Detection Technology
Universal Detection Technology (UDTT), founded in 1973, is a developer of monitoring technologies, including bio-terrorism detection devices. Management believes that the Company's technology, together with third party technologies and devices, has positioned it to capitalize on growth and value opportunities related to Homeland Security. Universal Detection Technology, in cooperation with NASA's Jet Propulsion Laboratory (JPL), has developed a bio-terror 'smoke' detector, which combines JPL's spore detection technology with UDTT's aerosol capture device. For more information, please visit http://udtt.invrel.net or http://www.udetection.com.
Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties include, among other things, the funding of amounts of capital adequate to provide for our working capital needs and our timely repayment of debt; the ability of SSI to generate sales and increase visibility of the BSM-2000 based on its contacts and relationships in the United States; our ability to timely and cost effectively complete the development and testing of our products targeted to the bio-chemical market; our ability to commercially produce our products on a profitable basis; commercial acceptance of our products; product price volatility; product demand; market competition and general economic conditions and; other factors described in the Company's filings with the Securities and Exchange Commission. 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.
Contacts Universal Detection Technology Jacques Tizabi, 310-248-3655 jtizabi*udetection.com or Investor Relations Trilogy Capital Partners Paul Karon, 800-592-6067 paul*trilogy-capital.com
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)
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Lots of volume Friday. Not a strong close, but hey, green is green! See if it get's bid support and good buys on Monday to see if it continues.
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)
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