AIDO Stock: Advanced ID Anticipates 400% Increase in 4th Quarter Revenue with Acquisition of Shenzhen DDCT Technology Co.
Advanced ID Corporation (OTCBB: AIDO), a leading developer of radio
frequency identification (“RFID”)
technology for livestock tracking, pet recovery and supply chain
applications focusing on the tire management industry, is pleased to
announce details for Shenzhen DDCT Technology Co., Ltd (DDCT) in China.
As previously announced, DDCT has developed RFID readers and modules
that are capturing major tenders and orders in their respective RFID
sectors. Several contracts have been negotiated and this revenue is
projected to increase Advanced ID’s 4th
quarter to record levels.
Dan Finch, President and CEO, said, “We are
more than pleased with DDCT as our new acquisition. Working with Cherry
Lim, our country manager and Mr. Siyou Su, Chairman of DDCT, we have
received confirmation of projects that will start before the end of
2008. We have funded the infrastructure for our new location in Shenzhen
and are completing production and manufacturing on those projects as we
speak.” Mr. Su commented in an earlier press
release on his projections for 2009 of US$12 Million and is very
confident that this will be not only achieved but surpassed for the
China market alone.”
Mr. Siyou Su added, “In China, our goal is to
make AID/DDCT the predominant supplier for the RFID industry. Just for
the balance of 2008, we are completing $350,000 for the coalmines
project, $350,000 for a storage management company, $100,000 for a
workforce management project and several other orders totaling a
projected US$1.5 Million. Some of the projects will continue into 2009
with several new projects that we are working with in the logistics
area. We will detail these projects as the orders are signed and
accepted. With the addition of AID tags, we now have a complete solution
for our existing customers and the new clients that have been
approaching us in the last 2 years. China is very focused on RFID and
system identification. I just returned from an exhibition in Shanghai
where we were able to show the complete line of our products for the
first time to an audience of companies throughout China. With AID’s
tire tags and livestock tags, the areas of marketing have been increased
dramatically. 2009 will be an amazing year for us.”
Mr. Su added, “We will be hosting the first
major press conference of our joint company on October 18 in Shenzhen.
Mr. Seymour Kazimirski, Chairman of Advanced ID Corporation and Mr.
Hubert Meier, Director of Advanced ID will attend with many government
officials, members of the press and many VIP’s.
We are also pleased that Advanced ID has decided to hold its annual
Board meeting and Sales/Marketing Meeting in Shenzhen in November. It
reflects the company’s commitment and
dedication to develop the emerging RFID market in China.”
Advanced ID Corporation (OTCBB: AIDO stock) is a complete solutions provider
in the RFID market with a focus on the tire management industry. The
company is also a major factor in the tire inspection business through
its UK based Pneu-Logic subsidiary. The Company is active in the pet
recovery business through its AVID Canada subsidiary in Calgary,
Alberta, is reintroducing its livestock tagging product line in several
countries and has developed a UHF RFID reader product line for all
market applications.
Safe Harbor Statement:
Statements in this press release other than statements of historical
fact, including statements regarding the company’s
plans, beliefs and estimate as to projections are “forward-looking
statements.” Such statements are subject to
certain risks and uncertainties, including factors listed from time to
time in the company’s SEC filings, and actual
results could differ materially from expected results. These
forward-looking statements represent the company’s
judgment as of the date of this release. Advanced ID Corporation does
not undertake to update, revise or correct any forward-looking
statements.
For further information, visit Advanced ID Corporation at www.advancedidcorp.com
