IO NewsWire

September 21, 2010 07:30 ET

(OTC: APDN) Patented Product Aims at Reducing Counterfeit Goods

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire.

NEW YORK, NY--(Marketwire - September 21, 2010) -  Applied DNA Sciences, Inc. (OTCBB: APDN), a leader in the protection of products, brands and intellectual property from counterfeiting and diversion, has recently announced several key developments across the globe that will help grow their core business in the coming years.

The World Customs Organization estimated annual global trade in illegitimate goods at about $600 billion (2004), which is expected to double to $1.2 trillion by 2014, representing 5% to 7% of all worldwide trade. Applied DNA Sciences is the only company in the world that is currently applying complex embedded botanical DNA for use in the authentication of everything from currency to wines and spirits. 

SigNature DNA, Applied Sciences patented authentication product, has less than a 1 in a trillion error frequency which will help ensure its global acceptance as nearly irrefutable evidence when validating a products authenticity.

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Other active stocks are Smart Holdings, Inc (PINKSHEETS: SMHS) Diebold Inc (NYSE: DBD) and Nu Horizons Electronics Corp (NASDAQ: NUHC)

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