JERUSALEM--(Marketwire - December 07, 2011) -
IDenta Corp. (PINKSHEETS: IDTA
) CEO Yaacov Shoham today made the following announcement:
Mr Shoham stated, "We have recently signed a long term agreement with a company from China -- regarding China, Hong Kong and Macao.
"We have been negotiating with the Chinese company for a few months, doing due diligence about the company and at the same time, the local company has investigated the market size for our kits (drug detectors) in China, and the different ways to market them.
"The results of the investigation were that the markets in the Homeland Security industry in China are huge for IDenta's drug detectors. It is a possibility for sales of many millions of kits per year. It is a 'virgin' market currently using a very small quantity of drug detectors manufactured by other companies. The current drug detectors being used in China are at a very 'primitive' level and are expensive. The Chinese markets are large, almost like the USA markets (Homeland Security) but with a huge advantage because it is centralized and we will not have to deal with each police department like in the states."
The local company is AST - Asia Science & Technology, a division of Asia Group Corporation Ltd. www.asiacorporation.net (English version still under construction), a very well connected company in China.
In the contract signed with the company, there are different scenarios concerning how to penetrate the Chinese markets.
IDenta's entire product line may be found at www.IDenta-corp.com, www.drugsdetector.com and www.IDenta.biz
Since 2003, IDenta Corporation has been recognized as a worldwide leader in the development of proprietary on-site drug, drug precursor and explosive detection kits. IDenta develops, manufactures and distributes products for both the professional and civil markets which consistently pass the highest qualifications and testing procedures of law enforcement and security agencies around the world.
Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements" that are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are based on management's expectations as of the date hereof, and the company does not undertake any responsibility to update any of these statements in the future.
For Investor Relations, lobbying interests or information concerning IDenta's products internationally or the development of new chemical detectors, contact: Yaacov Shoham, IDenta Corp., CEO, Tel: +972-52-6554487, email@example.com, www.drugsdetector.com, www.identa.biz, www.identa-corp.com.