PJTG 52 wk low, and news on barcode replacement here it is.
HOUSTON--(BUSINESS WIRE)--Nov. 18, 2004--The Project Group (OTCBB:PJTG - News) announced today that its wholly-owned subsidiary Pro-Squared Inc. will develop tools and applications for radio frequency identification (RFID) tags. RFID technology replaces traditional, unreliable bar codes and is rapidly becoming the state-of-the-art in supply chain management. RFID tags consist of silicon chips and an antenna that can transmit data to a wireless receiver. Wal-Mart has mandated that all major vendors will utilize RFID and the FDA, Pfizer, Smith Kline and Purdue Pharma recently announced testing of RFID deployment.
Craig Crawford, CEO of The Project Group, said, "We intend to use our project management expertise with Fortune 500 companies such as Microsoft and Halliburton to develop tools, technology, and services in the rapidly expanding RFID arena. RFID technology will not only provide major advances in the supply chain sector, but also will be instrumental in tracking materials for large capital projects, which is an area we know best. We believe The Project Group is uniquely qualified to provide these solutions and look forward to development and deployment in our Pro Squared subsidiary."
