Here is some info from PSL. Just passing it on. Still like the long term.
Dear PSL members,
Watch List: Universal Detection Technology (OTC:UNDT)
Universal Detection Technology (OTC:UNDT) last closed on $0.0038 with the trading volume of 38.61 million as on April 9th, 2010. The share has a negative beta of 0.03 times and maintains inverse correlation with market index. Total shares outstanding amounts to 959.89 million out of which 832.50 million shares are floated in the stock market.
Universal Detection Technology takes pride as on of the biggest supplier of Anthrax detection kits to US Army. Headquartered in Beverly Hills, California, the company was incorporated in 1971 and was previously registered in the name of Pollution Research and Control Corporation.
(OTC:UNDT) takes pride in its main brand BSM-2000 device, which functions as an automated bacterial spore detector. The device especially detects airborne endospores in public places such as anthrax. Other than anthrax detection kits UNDT offers long range of its product portfolio including radiation detection systems, surveillance cameras, training material and reference DVDs.
Universal Detection Technology (OTC:UNDT has recently entered into partnership with Morphix Technologies Inc. Morphix Technologies specializes in detection tools for dangerous industrial chemicals and chemical weapons. As Morphix Technologies takes pride in its innovative product of chemical detection branded as Chameleon developed specially for first responders, it is believed that both companies can achieve a lot together in product development and can also further penetrate other market segments too.
That’s not it UNDT itself going on fast track as far development is concerned. Almost two weeks ago UNDT also addressed the dire need of Anthrax vaccination for first responders in all the respective agencies like fire team, bomb squad and etc. It is also believed that Universal Detection products and kits are most used by first responders because of their quality and effectiveness.
The company’s total assets stand around $0.14 million and maintains current portion of long term liabilities around $1.22 million as on financial statements ending September 30th, 2009. It is hoped that the total debt would be nil by the next year if the company does not opt for anymore long term financing within the period.
