Advanced ID Predicts 400% Increase in 4Q Revenue

Advanced ID Corporation, the parent company of tyre management RFID specialists Pneu-Logic, is predicting it will record a 400 per cent increase in fourth quarter revenues following the acquisition of Shenzhen DDCT Technology Co. The company earlier announced that DDCT has developed RFID readers and modules that are capturing major tenders and orders in their respective RFID sectors. Several contracts have already been negotiated and are seen as the key reason for the predicted growth.

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 totalling 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.”

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.”