Universal Detection reports earnings

Discussion in 'Stock picks and trading strategies' started by dadooh27, Aug 21, 2007.

  1. dadooh27

    dadooh27 Member

    Universal detection systems UDTT reported their second quarter earnings and they are showing an 830% rise in revenues from the same period last year. I believe this stock is getting ready to climb!

    Universal Detection Technology Newsletter
    Supplier of Counter-Terrorism Technologies and Solutions

    BSM-2000
    UDTT's Real
    time Anthrax Detector
    Developed in collaboration with NASA's JPL, BSM-2000 is used for constant monitoring of buildings and public places for abnormal levels of bacterial spoires, an indication of an anthrax attack.
    Quick Links
    UDTT Homepage
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    Threat of Terrorism
    ABOUT UDTT
    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.
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    Universal Detection Technology Reports 830% Increase in Quarterly Revenues
    Company Reports Results for Second Quarter 2007
    LOS ANGELES, CA--(MARKET WIRE)--Aug 21, 2007 -- Universal Detection Technology (OTC BB:UDTT.OB - News) 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.
    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
    Chief Executive Officer
    Tel: +1 (310) 248-3655
    Source: Universal Detection Technology



    Universal Detection Technology | 9595 Wilshire Blvd. | Suite 700 | Beverly Hills | CA | 90212
     

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