Sniffex, Inc. Announces Status as Public Company
IRVING, Texas, May. 17 /PRNewswire/ --
IRVING, Texas, May 17 /PRNewswire-FirstCall/ -- Sniffex, Inc. (OTC Pink Sheets: SNFX) ("Sniffex", announced the initiation of trading in its stock. Sniffex, a company formed in November 2004, was established to develop and market explosives detection devices for a wide range of uses. The Company believes it can bring to market a series of products based on a new scientific approach to detection that will be more cost effective, portable and easier to use than products currently on the market.
The Company also announced it has secured initial funding and is in the process of pursuing longer term funding for research and development and expansion of its marketing efforts.
The market for explosive detection systems (EDS) is dynamic. In response to new threats and because of new knowledge in the fields of science, coupled with more sophisticated precision instrumentation and technology, the EDS industry is experiencing rapid changes and realignment. Recent scientific and technology advances, which have miniaturized systems and decreased costs and skill level requirements, have opened the door for practical EDS to non-traditional markets.
Sniffex will be working in conjunction with Yuri Markov, an internationally known engineer in the EDS field, who has previously obtained process patents in the area of materials detection in the United States and in Europe. Mr. Markov will lead Sniffex's research and development team that is currently being assembled. Because there is a variety of potential markets that have shared concerns, Sniffex is developing products that are flexible and easy to use in a wide range of environments and applications.
"We have seen tremendous interest from numerous countries and agencies regarding the technology we plan to employ in our products, and we expect to have some very impressive partners as we move to production of our first product line that we hope to announce to the market within the next few months," stated Paul Johnson, President of Sniffex.
About Sniffex, Inc.
Sniffex was formed in November of 2004 to bring to the market a new generation of electronic detection systems. It has established its corporate office in Irving, Texas and named Paul Johnson, an entrepreneur who has started and developed numerous technology companies, as President. In addition, the Company formed a partnership with Yuri Markov, a noted Bulgaria engineer, to lead the design and development of its products.
Safe Harbor Act Disclaimer: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act", and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe", "expect", "intend", "anticipate", "estimate", "project" or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements due to a wide range of factors which are set forth in our annual report on Form 10-KSB on file with the SEC.
CONTACT: investor relations, Paul Johnson, President of Sniffex, Inc.,