LOS ANGELES, CA -- (MARKET WIRE) -- April 16, 2007 -- (www.udetection.com) (OTCBB: UDTT) -- Universal Detection Technology is pleased to announce today that its annual revenues for the year ending December 31, 2006 jumped to their highest level in five years at $111,515.00. In the previous year, the Company had no revenues from the sale of its devices. Furthermore, due to increased revenue and significant cost-cutting measures, the loss per share decreased to $0.03 per share from $0.07 per share. The 2006 Net loss was calculated on a weighted average of 86,650,120 shares outstanding. The revenue was derived primarily from the sale off Anthrax Detection Systems. The company now counts the United States Army, The British Government, and other defense firms as customers for its bioterrorism defense products.
