International Drug & Explosives Detection Firm IDenta Initiates Manufacturing Expansion - Forecasts Product Orders From Twenty Countries During 2007
JERUSALEM, Israel, January 3, 2007-- IDenta Corp. (OTC Pink Sheets: IDTA - News) today announced today that it is preparing to make a significant investment to expand and enhance its product assembly line starting in early 2007. The company also released a list of countries, twenty in all, that it expects to be receiving orders from in the coming year. The announcement said that IDenta expects to invest nearly $500,000 for the manufacturing upgrade, and that orders for IDenta's products are expected to exceed 2 million units during the coming year (2007).
"We are making this investment at this time because we are confident that the demand for our products will increase sizably during the coming year," asserted IDTA CEO Yaacov Shoham. "In the last quarter of 2006 we thoroughly investigated the latest in assembly line technology and have now decided on the right track to proceed." The United States, China, France, Indonesia, Poland, Israel,Singapore, Venezuela, Ghana and Spain are among the countries listed as expected customers during 2007. IDenta forecasts that 35-40% of these orders will be from the United States with the remainder coming from countries around the world. ( the other different countries.)
"Our products, IDenta Stinger and IDenta Confirm [the company's drug detection product lines] and IDenta Alert [the company's explosive detection product line] continue to receive superior test ratings, and we believe that they will more and more be chosen as the preferred products for drug and explosive detection in their respected application categories.
To accommodate the new technology improvements IDenta will be leasing additional space that will nearly double the assembly area. The company expects to add an additional 8 - 10 full-time people to its staff including a chemical engineer to oversee production quality control. The new processing and assembly area will more than double existing production capacity while significantly reducing product unit costs allowing the company to more actively compete with lower priced, less sophisticated products on the market.
"Perhaps the best thing to report to our loyal shareholders is that we expect that the total cost of this expansion project can and will be paid from funds the company's has been reserving for this monumental step forward. We certainly expect that 2007 will be the most important year in our company's history," concluded Shoham.
About IDenta Since 2003, IDenta Corporation has become recognized as a world-wide leader in the development of proprietary on-site drug detection kits and more recently explosive detection kits. IDenta develops, manufactures and distributes products for the both professional and civil markets which consistently pass the highest qualifications and testing procedures of law enforcement and security agencies around the world. The company has corporate representatives in 20 countries including 15 companies in the U.S., and 4 companies in Great Britain. Information concerning IDenta's business plan and product line, may be found at www.identa.biz and www.drugsdetector.com.
For Investor Relations, lobbying interests or information concerning IDenta's products internationally contact:
For U.S. Press & Investor Relations contact: Randy Jacobs, US Corporate Spokesman IDentaNews*sitcomllc.com 800-316-9437
Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements" that are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are based on management's expectations as of the date hereof, and the company does not undertake any responsibility to update any of these statements in the future.
jmo-it will-and no dilution from the company-this is from the press---------------------------------------"Perhaps the best thing to report to our loyal shareholders is that we expect that the total cost of this expansion project can and will be paid from funds the company's has been reserving for this monumental step forward. We certainly expect that 2007 will be the most important year in our company's history," concluded Shoham.
Posts: 3056 | Registered: Feb 2005
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Eddy, if you haven't bought yet, might be more conservative to watch it for awhile until the chart gets more definitive direction..jmo
Posts: 1220 | From: Denver, CO | Registered: Jun 2005
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quote:Originally posted by mrinos: Eddy, if you haven't bought yet, might be more conservative to watch it for awhile until the chart gets more definitive direction..jmo
have been holding awhile
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they expect to sell 2 million units-if they are 10.00 to 20.00 a unit-that is a lot of revenue for a subpenny!
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poster on another board said the news will hit PRnewswire tomorrow-so many people do not know news is out today--G/L
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Looks like a promising one - no dilution since the third week of December, 2006.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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