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IDenta Corp - 2017 Annual Report and 2018 Forecast

Thursday, 29 March 2018 10:15 AM

IDenta Corp.

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JERUSALEM, ISRAEL / ACCESSWIRE / March 29, 2018 / IDenta Corp. (OTC PINK: IDTA) is a worldwide leader in the development of field drug and explosive detection kits and unique forensic products. Today IDenta Corp published its annual financial statement for 2017. The report shows a modest increase in sales and revenues, which along with a decrease in expenses, resulted in a significant increase in gross profit. 2017 was a year of major changes and challenges in the company including new officers, new products, and IDenta's entry into new markets. In addition, IDenta has entered into several new and exciting partnerships.

Amichai Glattstein, CEO of IDenta Corp, stated, "2018 has already been a very productive year. Revenues to date, along with contracted committed purchases to take place over the next few months, will soon exceed total revenues from 2017. IDenta has become the exclusive provider of field test units for the Armed Forces of Germany and for all French Government Security Forces. IDenta has entered the challenging and complex Brazilian and Japanese markets. Inroads have also been made into the Australian market as well as a number of markets in Africa. The company will put forth major efforts in 2018 to better penetrate the US, Indian and Chinese markets. IDenta is making all necessary adjustments in order to improve sales in these countries which have tremendous potential for the company. IDenta's major and achievable goals for 2018 include a doubling of sales compared to 2017, continued activity in the capital markets and taking all possible actions for the benefit of our shareholders."

About IDenta Corp.

Since 2002, IDenta Corporation and its subsidiary IDenta Ltd has been recognized as a worldwide leader in the development of proprietary on-site Drug, Drug Precursor and Explosive detection kits. IDenta develops, manufactures and distributes revolutionary products for both the professional and civil markets which consistently pass the highest qualifications and testing procedures of law enforcement and security agencies around the world.

Safe Harbor Statement

Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements" that are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are based on management's expectations as of the date hereof, and the company does not undertake any responsibility to update any of these statements in the future.

Company Contact Information:
Public Relations
Tel: +972-2-5872220
E: [email protected]

SOURCE: IDenta Corp.

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