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View Full Version : APDN - gearing up for growth.



AndrewOl
10-17-2015,
Applied DNA Sciences is poised for immediate growth. Like the ugly ducking that becomes a beautiful swan... This issue is about to graduate from diluted penny stock to a major player. APDN is now trading in the .17/.18 range.

STONY BROOK, NY, July 11, 2013. Applied DNA Sciences, Inc. (OTC Bulletin Board: APDN), (Twitter:mad:APDN), a provider of DNA-based anti-counterfeiting technology, anti-theft and product authentication solutions, today announced that its ongoing staff expansion has so far resulted in a 72% increase in scientific, quality, operational and other employees since January of the current year. The company now counts forty-eight staff in Stony Brook, NY, United Kingdom, and elsewhere. The expansion accommodates the company's worldwide growth, including a broader product array, and a growing sales pipeline. A more robust and larger plant is in place to support the expansion.Company officials pointed to increasing number of contracts with suppliers of military electronics, a total of sixteen as of today, and calls for anti-theft assets, including those acquired from from United Kingdom-based RedWeb Technologies, as examples of the increased demand."The addition of top-notch people and an improved facility are two keys to handling growth," said Dr. James A. Hayward, CEO and President of Applied DNA Sciences. "Our grow-the-company initiative will keep us steadily on the edge of science and innovation, something our customers have come to expect from us. We are prepared to deliver."Dr. Hayward described the company's Technology Roadmap, which envisions a faster and higher-volume SigNature DNA marking platform, highly optimized rapid read, new breakthroughs in textile marking and authentication, and other forward steps in technology.The company is currently moving into a new, 30,000 square foot building, with significantly larger and differentiated laboratory space, improved security arrangements, new staging, shipping and fulfillment centers, and an expanded front office."We will remain light on our feet and able to serve customers quickly and with precision," Dr. Hayward commented. "Our new infrastructure is built to empower that philosophy."​

AlfredBete
10-17-2015,
News is news, financiers used it to sell into. Once a diluter, always a diluter....

I'd still be skeptical as an investment until they produce growth type numbers.

You and I can go rent out an office building and hire some people too; but it doesn't mean we will create an awesome company that will make consistent profits in the long-run, especially since we now have to pay for that office building and staff.....

As for trading purposes, .17 is current support and .20 is resistance. Thus if .17 cracks it'll drop back to .13/.14 range or if .20 is broken it'll pop back to mid .20's. Play accordingly in my opinion.