UDTT..head fake...be careful
Universal Detection Technology's CEO Purchases 100,000,000 Shares of Common Stock of Universal Detection Technology
a developer of early-warning monitoring technologies to protect people from bioterrorism and provider of counter-terrorism products and services, announced today that its CEO, Mr. Jacques Tizabi, has acquired 100,000,000 common shares at a price of $.006 per share. The shares were acquired in exchange for the forgiveness of $600,000.00 in debt owed by the company to Mr. Tizabi. The share price represents a premium to the closing price of the shares at the end of last week.
``This will improve the company's balance sheet significantly and also add to management's ownership stake in the company. It also demonstrates my continued commitment to the company's future,' said Jacques Tizabi, CEO of Universal Detection Technology.
UDTT has sold two units of BSM-2000 to the government of England and it has recently sold anthrax test kits to the U.S. Army. The Company expects to continue marketing its counter-terrorism technologies and products globally.
cha-ching
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