LOS ANGELES, July 10, 2006 (PRIMEZONE) -- Universal Detection Technology (OTCBB:UDTT) (FWB:PO8), a developer of early-warning monitoring technologies to protect people from bio-terrorism and other infectious health threats, announced today that it will be listed on the Commercial Service's list of Featured U.S. Exporters (FUSE).
FUSE is a directory of U.S. products featured on U.S. Commercial Service websites around the world. It gives U.S. companies an opportunity to target specific markets in the local language of business. Currently, listings are offered to qualified U.S. exporters seeking trade leads or representation in over 50 markets around the world. This service is offered for a fee.
UDTT plans to use this service for the following regions and countries: Asia/Pacific, Australia, Singapore, Hong Kong, Indonesia, Europe, Belgium, Sweden, United Kingdom, Middle East and Africa, South Africa, Qatar, Israel, Saudi Arabia, and Canada. The company is already listed on the U.S. Commercial Service's United Kingdom site via the following link:
http://www.buyusa.gov/uk/en/featured_us_exporters.html?exp_cat=6010&exp_pid=405
"We have kept an open eye on the international market place and have tried to expand and grow our global sales and marketing in parallel with our domestic efforts. In fact, the first sale of our bacterial spore monitoring device was a result of our international awareness, and we plan to continue to seek additional opportunities overseas," said Nima Montazeri, UDTT's vice president of strategic development. "We have worked closely with the Commercial Service in the past and look forward to expanding our global marketing efforts with their help," he added.
About U.S. Commercial Service
The U.S. Commercial Service is a part of the U.S. Department of Commerce and is active in promoting the sales and presence of U.S. companies in various markets around the world. With offices in the U.S. and in several foreign territories the U.S. Commercial Service offers several ways to grow U.S. businesses' international sales. The tasks of the Commercial Service include, and are not limited to, world-class market research, trade events that promote U.S. products or services to qualified buyers, introductions to qualified buyers and distributors, and counseling through every step of the export process.
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, has positioned it to capitalize on 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.