Avitar's Oral Testing Technology a Hit in Construction Industry
12 März 2008 - 1:00PM
Business Wire
Avitar Inc. (�AVTI�) (OTCBB:AVTI), manufacturers of nationally
branded oral fluid testing diagnostic devices and customized
polyurethane applications used in wound dressings, announced today
that the Company�s ORALscreen rapid test for drugs-of-abuse are
being piloted and moving towards nationwide deployment at two of
the largest construction firms in the United States. Peter
Phildius, Avitar�s Chairman and CEO said, �The construction
industry represents a significant business opportunity for Avitar,
a revenue potential of $1M over the next year. Industry leaders are
now moving to incorporate Avitar�s on-site oral fluid technology
for random drug testing, as well as pre-employment, post-accident,
and reasonable suspicion applications, previously done with
traditional urine testing. We have also expanded our client list of
small to medium-sized contractors and continue to develop a solid
understanding of the needs of the construction sector, where we
believe our integrated drug-free workplace solutions offer true
value.� Avitar has been focusing on meeting construction safety
requirements for the past two years, and also continues to make
progress educating and gaining approvals from multiple union
locals, including Carpenters, Ironworkers, Steelworkers, IBEW, as
well as the Longshoremen's Union where Avitar products are being
used at several seaports. Additionally, State Governments are
recognizing the value of oral fluid to the construction sector. For
example, the States of Hawaii and Georgia recently passed
legislation providing Worker's Compensation premium discounts for
the use of on-site oral fluid devices. In Hawaii, the Carpenters
Union spearheaded the change. About Avitar, Inc. Avitar Inc.
develops, manufactures and markets innovative proprietary products.
Markets include fluid diagnostics, disease and clinical testing,
and customized applications for wound dressings. Principal products
include ORALscreen�, (the first non-invasive, rapid, onsite oral
fluid test for drugs-of-abuse), and Hydrasorb�, (an absorbent
topical dressing for moderate to heavy exudating wounds). Avitar is
also developing diagnostic strategies for disease and clinical
testing in the estimated $25 billion in-vitro diagnostics market.
Conditions targeted include influenza, diabetes, and pregnancy. For
more information, see Avitar's website at http://www.avitarinc.com.
Avitar Inc. is a fully reporting company whose stock trades on the
OTCBB under the symbol �AVTI.OB�. Forward-Looking Statements This
release contains forward-looking statements that are subject to
risks and uncertainties including the development and marketing of
new applications and other risks that are detailed from time to
time in the Company�s filings with the Securities and Exchange
Commission. In view of such risks and uncertainties, the Company�s
actual results could differ materially from those anticipated in
such forward-looking statements.
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