COVINGTON, KY, July 24 /PRNewswire-FirstCall/ -- Valley Forge Composite Technologies, Inc. (OTC Bulletin Board: VLYF) a developer, manufacturer and worldwide distributor of next generation detection and aerospace systems has been cleared to trade by NASD, Inc. through market maker Legacy Trading, LLC on the Over-The-Counter Bulletin Board (OTC BB) under the symbol "VLYF." More information about Valley Forge Composite Technologies, Inc. can be found at www.vlyf.com and most questions can be answered under the FAQ tab.
"Getting our common stock trading represents a milestone in the evolution of our company. This enables us to capitalize on our plan for rapid growth and respond to the worldwide need for our detection systems; especially our THOR LVX cargo inspection system, which is in the final stages of development and validation by various governmental agencies. The primary function of THOR LVX is securing airports, seaports and borders by detecting nuclear material, explosives and other types of contraband hidden in any type of cargo container, even through shielding. As the system operates at the molecular level, it has unlimited potential for detecting illicit substances and can be programmed for specialized applications," said president, Lou Brothers .
Through an agreement with the United States Department of Energy's National Nuclear Security Agency, Lawrence Livermore National Laboratory, and the Lebedev Institute in Russia , the Thor LVX system is being completed. Several of the world's top nuclear physicists are involved in the project. The revenue potential for this system is large - see http://www.llnl.gov/annual05/pdfs/threat.pdf page 17.
Next-generation personnel screening technology, ODIN-ULDRIS, is now available from Valley Forge to complement THOR-LVX cargo detection capabilities. Ultra Low Dose Digital Radiographic Imaging System (ULDRIS) is designed to detect both metal and non-metal illicit objects hidden on or inside the human body. ODIN-ULDRIS detects ceramic or composite weapons, packaged narcotics, bulk or sheet explosives, as well as swallowed items via a near medical quality image in approximately 2 seconds per person. This equates to a throughput of up to 1,000 persons per hour - eliminating the current need to remove shoes and jackets. Personal privacy is ensured as images are remotely sent to the operator in a location physically removed from the screening area. ODIN-ULDRIS is immediately available and suitable for schools, airports, ferry terminals, sporting arenas, concert halls, museums, and government buildings.
Valley Forge Composite Technologies, Inc. will keep the public informed of company developments through updates of its website: http://www.vlyf.com and other media releases.
Forward Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. Statements in this press release that relate to Valley Forge Composite Technologies, Inc.'s future plans, objectives, expectations, performance, events, reports made by others, and the like, including a statement about the assumptions underlying a forward-looking statement, are forward-looking statements protected by the safe harbor. Investors should understand that future events, risks and uncertainties, individually or in the aggregate, are factors that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. These factors could include changes in economic conditions or government policies that may change the demand for the Company's products and services and could include other factors discussed in the sections of the Company's report on Form 10-KSB for the year ended December 31, 2006 as filed with the U.S. Securities and Exchange Commission, entitled "Description of Business" or "Management's Discussion and Analysis or Plan of Operation." This release is comprised of interrelated information that must be interpreted in the context of all of the information provided and care should be exercised not to consider portions of this release out of context. Valley Forge Composite Technologies, Inc. uses paid services of investor relations organizations to promote the Company to the investment community. Investments in the Company should be considered speculative, and, prior to acquisition, should be thoroughly researched. Valley Forge Composite Technologies, Inc. does not intend to update these forward-looking statements prior to its reporting of its quarterly or annual results.
SOURCE Valley Forge Composite Technologies, Inc.