Avitar (CE) (USOTC:AVTI)
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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.