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Advanced ID Corporation
Advanced ID Announces 123% Increase in First Quarter Revenues
June 13th, 2008
Advanced ID Corporation (OTCBB: AIDO), a leading developer of radio frequency identification ("RFID") technology for livestock tracking, pet recovery and supply chain applications focusing on the tire management industry, announced financial results for the first quarter ended March 31, 2008. Revenues for the three months ended March 31, 2008 were a record $424,955, an increase of 123% as compared to revenues of $190,380 for the same period of 2007. The increase in revenues for the first quarter of 2008 is attributed to the growth in sales for the Company's RFID ultra high frequency ("UHF") tracking and identification tags and proprietary readers as well as...
Source: Health Business Week (2008-06-13)
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