Advanced ID Secures Agreements With Three Major Distributors to Sell RFID TIRE Tags Across South America, Mexico and Israel29 November 2006
Advanced ID Corporation (OTCBB: AIDO), building on their momentum with supplying RFID TIRE tags to NASCAR and two leading tire manufacturers, has received distributor/agent agreements from Actia de Mexico SA, CODIBAR and Rapid Solutions Ltd. Together, the three new distributor/agents open up markets for Advanced ID that could represent incremental sales of over 20 million RFID TIRE tags and 50,000 RFID readers over the next two years. The seventeen countries Advanced ID's new distributors currently market to include Israel, Mexico, Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Falkland Islands (Islas Malvinas), French Guiana, Guyana, Paraguay, Patagonia Peru, Suriname, Uruguay and Venezuela. "These strategic alliances will ignite Advanced ID's growth," commented Dan Finch, President and CEO. "The relationships will enable Advanced ID to accelerate its sales growth and strengthen its market position by showing how RFID TIRE tags effectively address challenges facing the tire manufacturer, OEM, truck fleet, retread and tire dealer community." Highlighted Links MacReport.Net "I'm thrilled to be joining a successful and fast-growing organization such as Advanced ID and their proven RFID Tire tag," commented Alvaro J. Ruiz, Vice President of New Projects & Technologies for Codibar, a leading automatic identification company headquartered in Caracas, Venezuela. "Truck fleets across South America have expressed strong interest in purchasing RFID TIRE tags to better maintain their tires and combat theft." About Advanced ID Corporation Advanced ID Corporation (OTCBB: AIDO) is a complete solutions provider in the radio frequency identification (RFID) market. RFID provides a means for positive identification and trace-back of objects that have been identified with a Low Frequency (LF) microchip or RFID Tag. Advanced ID's extensive line of RFID tags can be found at work serving the companion animal, livestock, biological sciences and transportation industries. Since 1994 Advanced ID Corporation has been offering Low Frequency (LF) product line of over 100 items comprised of RFID microchips, identification scanners, and a proprietary pet recovery database to the companion animal and biological sciences markets. Advanced ID is also a leader in UHF/RFID technology with its line of DataTRAC livestock tracking and traceability products, and UHF/RFID automotive tire tag applications. Visit the Advanced ID Corporation website at: www.advancedidcorp.com Safe Harbor Statement: Statements in this press release other than Statements of historical fact, including statements regarding the company's plans, beliefs and estimate as to projections are "forward-looking statements". Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the company's judgment as of the date of this release. Advanced ID Corporation does not undertake to update, revise or correct any forward-looking statements. For more information, please contact: Dan Finch President and CEO Advanced ID Corporation Phone: (403) 252-7984 danf@advancedidcorp.com Peter Laipnieks Advanced ID Corporation Investor Relations Phone: (250) 384-2077 peterl4@telus.net SOURCE: Advanced ID Corporation
Source: marketwire
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