LOS ANGELES, Aug. 8, 2006 (PRIMEZONE) -- 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 is included in the Commercial Service's list of Featured U.S. Exporters (FUSE) in Australia.
The U.S. Commercial Service, through its offices at the American Embassy in Australia, is pleased to promote UDTT's products. UDTT's information has been posted on the local U.S. Commercial Service website and can be viewed at: http://www.buyusa.gov/australia/en/fuse.html?exp_cat=6010&exp_pid=607
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.
Buyers and importers interested in UDTT's products will contact the U.S. Commercial Service's office for more information and the Company will also receive the prospects' contact information.
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://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; 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.