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The Centers for Disease Control and Prevention (CDC) estimates that 75 million consumers in the U.S. get food poisoning each year. Food safety is fast becoming a national priority. In June 2001, the FDA approved the use of ozone as a sanitizer for food contact surfaces, as well as for direct application on food products. Up until that time, chlorine was the most widely used sanitizer. The food industry in the U.S. alone is over a $900 billion dollar market.
Produce Safety and Security International, Inc., based in Prescott, AZ expects to become a significant player in the food industry both domestically and internationally over the next five years by supplying patented, proprietary, food-safe equipment, systems and products within all the major sectors of the food industry.
Product Safety & Security International, Inc. is currently marketing ozone technology through patented ozone equipment systems that kill pathogens and bacteria, remove pesticides and extend the shelf life of a meat, seafood, fresh fruit or vegetable product an additional 10 to 70 days as well as other proprietary sanitizing products. This equipment and complimentary product lines provide extraordinary sanitizing agents for the food industry that's economically produced and remarkably effective in numerous food applications such as processing, equipment cleaning and overall general sanitation. In addition, over the next three years, the company expects to market a full line of value-added, food-safe, private label products and other food safe sanitation services through its distribution centers.
In a Market Wire news release of August 31, 2006, the company announced its Ozone Spherequat Process of Sanitation and Disinfection is ready for immediate deployment at the Gulf Coast Ports of Texas. Shipping containers will be completely sanitized prior to leaving the departure facility. Each container will receive a third party inspection, analysis and certification that states the container is bacteria and pathogen free, thus keeping the product free from cross-contamination. This process may provide a projected cost saving of $2,500.00 to $4,500.00 per cargo container.
A recent check has outstanding shares at 660 million, with 260 million in the float and 400 million restricted trading shares.