Universal Detection Technology ( www.udetection.com ) (OTCBB: UNDT), a reseller of early-warning monitoring technologies that protect against biological, chemical, and radiological threats, announced today that its revenues for the quarter ended June 30, 2011 were the highest in more than two years. The increase is primarily due to high demand for radiation detection equipment both domestically and internationally. The Company is also beginning to see increased sales from its newly remodeled online store , which can be viewed at http://shop.udetection.com/en/1-home .
About Universal Detection TechnologyAbout Energy Fuels: Energy Fuels Inc. is a uranium and vanadium mineral development company. With more than 45,000 acres of highly prospective uranium and vanadium property located in the states of Colorado, Utah, Arizona, Wyoming, and New Mexico, and exploration properties in Saskatchewan's Athabasca Basin totaling approximately 32,000 additional acres, the Company has a full pipeline of additional development prospects. Energy Fuels, through its wholly-owned Colorado subsidiary, Energy Fuels Resources Corporation and its British Columbia subsidiary, Magnum Uranium Corp., has assembled this property portfolio along with a first class management team, including highly skilled technical mining and milling professionals based in Lakewood and Naturita, Colorado and Kanab, Utah.This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended and "Forward Looking Information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements and forward-looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time-to-time with the British Columbia, Alberta and Ontario Securities Commissions.Steve Antony, President and CEO of Energy Fuels commented, "The deferral of this substantial commitment of capital is very good news for Energy Fuels in light of the expected and ongoing legal processes that are in the hands of the court system. Until we clear the administrative and legal roadblocks currently prohibiting us from beginning construction, there is no reason to tie up these funds in the state treasury. We can put this money to far better use in our consolidation program in the western US."The Company's second quarter revenues increased 2,675% to $30,508 from $1,099 during second quarter 2010. The Company is also announcing that based on current backlog and recently shipped devices, third quarter 2011 revenues are on pace to surpass the second quarter revenues.Seven Integrated Door Latch Actuator SKUs covering over 14 million Toyotas have been added to our Door Lock Actuator line. With the Dorman part, the latch and the motor are built into the housing -- making one unified part.Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof. Factors that could cause actual results to differ materially include, but are not limited to, those factors discussed in the Company's most recent Annual Report on Form 10-K under Item 1A - Risk Factors.New this month are 36 Plastic Backed Mirror Glass SKUs covering Chrysler, Ford, GM, Mazda and Volkswagen vehicles. The Plastic Backed Mirror Glass is a direct replacement and provides a cost saving alternative to replacing the entire mirror assembly. Simply snap out the old, broken glass and replace it with the new Dorman part which comes complete with a backing plate for snap-in replacement.
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