Advanced ID Corp. (AIDO.OB) Increases Revenues for First Quarter 2008
Advanced ID Corp, a complete solutions provider in the radio frequency identification market, has released its financial results for the first quarter ending March 31, 2008, and according to the company’s data revenues increased by 123% to $424,955 compared to revenues of $190,380 for the same period of 2007. This increase was due to the growth in sales for the company’s RFID ultra-high frequency tracking and identification tags and proprietary readers, as well as contributions relating to sales of tire management solutions at Pneu-Logic Ltd., a wholly owned subsidiary acquired in late 2007. The company also saw a 120% increase…
