LOS ANGELES, CA--(Marketwire - August 03, 2011) - Universal Detection Technology (www.udetection.com) (OTCBB: UNDT), a developer of early-warning monitoring technologies that protect against biological, chemical, and radiological threats, announced today that its Chairman and CEO, Mr. Jacques Tizabi, has filed statements with the Securities and Exchange Commission reporting the acquisition of 500 million shares of common stock bringing his holdings to 627,426,425 shares beneficially owned following this transaction.
The acquisition of shares was reported on Form 4 Statements of Change in Beneficial Ownership of Securities filed on August 1, 2011. The Form 4 statement can be viewed by clicking the here.
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About Universal Detection Technology
Universal Detection Technology (UNDT) is a developer of monitoring technologies, including chemical, biological, radiological, nuclear (DBRN), and mold detection devices. The Company on its own and with development partners is positioned to capitalize on opportunities related to Homeland Security. The Company is a reseller of handheld assays used for detection of five bioterrorism agents, radiation detection systems, and chemical agent detectors. For more information, please visit www.udetection.com.
Forward Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that involve known and unknown risks and uncertainties, which may cause the Company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.