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Press
Release
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Source: Electronic Sensor
Technology
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Electronic Sensor
Technology Appoints Stetsonex International
Company as Distributor for Western Africa
Tuesday October 7, 8:30 am ET
NEWBURY PARK, Calif.--(BUSINESS WIRE)--Electronic Sensor
Technology (EST) (OTCBB:ESNR),
a leading provider of innovative ultra high-speed instrumentation for the
homeland security, environmental, flavors and fragrance industries, today announced that it has entered into
an exclusive distribution agreement with Stetsonex
International Company (SIC) to distribute EST’s products in Western Africa.
Steve Olaye,
President of SIC, a leading supplier of technology and instrumentation
equipment is committed to marketing EST’s products throughout eleven
nations in Western Africa. SIC has purchased three EST’s zNose® for
Nigeria, with a further commitment for two dozen units in the coming year. Mr. Olaye spent a full three days having
comprehensive training at EST. SIC
will establish a full service facility for maintenance of zNose® equipment
throughout the region.
“This Agreement
represents additional international market penetration”, said Teong Lim, Chairman and CEO of EST, “We are
very pleased that Mr. Olaye is very impressed with the unique feature of zNose and is expecting to penetrate the Western African
market in the coming year”.
For
details on the use of zNose® for food applications, visit our web site at:
About Electronic Sensor Technology:
Electronic
Sensor Technology develops, manufactures, sells, and supports a product
line of patented chemical vapor analyzers. The ultra high-speed gas
chromatography coupled with a solid state detector enables analysis of
nearly any odor, fragrance, or chemical vapor within ten seconds. We
believe that the Company's product line is strategically positioned to
address key needs of the homeland security market, environmental and
quality assurance applications, and product quality of food and beverage.
Forward Looking Statements
Certain statements in
this release, including those relating to revenue expectations; the
company’s plans regarding business and product development; product sales
and distribution; the sufficiency of the company’s resources to satisfy
operation cash requirements; and future capital investment by prospective
investors are 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. These forward-looking statements may
contain the words “believe,” “anticipate,” “expect,” “predict,” ”hopeful,”
“estimate,” “project,” “will be,” “will continue,” “will likely result,” or
other similar words and phrases.
Risks and uncertainties exist that may cause results to differ
materially from those set forth in these forward-looking statements. Factors that could cause the anticipated
results to differ from those described in the forward-looking statements
include: failure to come to terms with prospective investors, failure to
come to terms with our debenture holders, risks related to changes in
technology, our dependence on key personnel, our ability to protect our
intellectual property rights, emergence of future competitors, changes in our
largest customer’s business and government regulation of homeland security
companies, and other factors described under the heading “Risk Factors” in
our Registration Statements on Form SB-2 File Nos. 333-130900 and
333-138977, effective as of November 21, 2006 and December 21, 2006,
respectively, as amended and supplemented.
The forward-looking statements speak only as of the date they are
made. We do not undertake to update forward-looking
statements to reflect circumstances or events that occur after the date the
forward-looking statements are made.
Contact:
Electronic Sensor Technology
Shareholder and Investors
William Wittmeyers,
650-574-1257
Source:
Electronic Sensor Technology
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