This is a small company that may need additional financing at some point in time. That does not have to come in the form of debenture financing.
Ooo, don't even mention that "d" word! If they've passed these certification tests and tested the production process, it could be a go. Start selling the units and bring in revenue. Any word on the certification results yet? Time's a'passing...
PALM BEACH GARDENS, Fla., March 29 /PRNewswire/ -- James P. Crehan, Sr., Chairman of the Board of Environmental Digital Services, Inc. (OTC Bulletin Board: EVDS - news; EDSi), a publicly traded high-technology-based provider of underground tank monitoring, leak detection, risk management, remediation and clean water solutions, has announced that initial units of its Capscan underground storage tank fuel monitoring system probe have been produced and are now in the possession of an OSHA ''Nationally Recognized Testing Laboratory'' (NRTL) for safety and FCC compliance testing. The unit will be certified by the NRTL as being ''intrinsically safe'' for installation in a Class I, Group D environment, which includes such hazardous applications as the inside of a petroleum storage tank. The probe has already undergone the most rigorous of the testing procedures, (specifically, an attempted spark chamber detonation), and the NRTL indicates that it has successfully passed this test. The unit must also be certified for its compliance with the appropriate FCC Regulations due to its radio frequency communications link with the hand-held computer. Both certifications are expected within the next seven to ten days. No additional certification is necessary for the hand-held computer/receiver.
This initial run will continue until a sufficient number of units are available for full-functional testing and working demonstration units, as well as proving out the production process. Electronic and other components have been procured so that full production will recommence once the certifications are received. It is anticipated that all back-orders will be filled and product delivery will begin within the next two weeks. |
