LOS ANGELES, Nov. 19, 2008 (GLOBE NEWSWIRE) -- Universal Detection Technology (www.udetection.com) (OTCBB:UNDT) (Frankfurt:PO8), a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats and provider of counter-terrorism consulting and training services, is pleased to announce a 6,000% increase in revenues for the three months ending on September 30, 2008 as compares with the same three month period in 2007. Revenues for the quarter increased to $45,000 from $600 for the same period the previous year.
According to the Company's financial statements revenues for the 9 months ending on September 30, 2008 increased by 1,500% compared to the same period in 2007.
"We have seen a substantial jump in sales this quarter as compared to the same quarter last year. This is due to increased sales in our detection equipment for biological and radiological threats and our sales of equipment deployed at the 2008 Beijing Olympics," said Jacques Tizabi, CEO of Universal Detection Technology.
For more information please visit our website at www.udetection.com or
Email us at info@udetection.com.
About Universal Detection Technology
Universal Detection Technology is a developer of monitoring technologies, including bioterrorism detection devices. 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 bacterial spore detector that detects certain biohazard substances. The Company is also a reseller of handheld assays used for detection of five bioterrorism agents, radiation detection systems, and antimicrobial products. For more information, please visit www.udetection.com.
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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.