JERUSALEM, ISRAEL / ACCESSWIRE / May 14, 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 first quarter financial statement for 2018. The report shows a modest increase in sales and revenues, which along with a decrease in expenses, resulted in a significant increase in profits. In view of contracted committed purchases that will take place over the next several months, revenues by mid-year will exceed revenues for all of 2017.
Amichai Glattstein, CEO of IDenta Corp, stated, "We can already see in this report the significant progress made by the company. This progress is a result of the important fundamental changes made in all aspects of the company. In addition, the company is investing in research and development of additional products to expand its customer base and its variety of products. The company will soon launch a new product which will significantly help penetrate important markets with huge sales potential."
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.
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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.
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SOURCE: IDenta Corp.