*** APDN Expands Due to Growing Authentication Demand ***

PennyStockPickAlert.com sent on 2011-04-07 12:26:22

Stocks Mentioned: APDN,

Greetings, Traders.
APDN (Applied DNA Sciences) is up approximately 10% from yesterday's close on significantly higher volume and liquidity as I write this.
Share prices moved up from the morning gap up... consolidated likely from traders booking gains, which provided an opportunity for some traders to take advantage of the dip since shares retraced back up... and is now trading at what looks like its support levels.

In the meantime, APDN released news this morning about its expansion due to the growing demand within its Forensic Scientific Group:
      Applied DNA Sciences Expands Forensic Scientific Group Due to Growing Authentication Demand

STONY BROOK, NY--(Marketwire - 04/07/11) - Applied DNA Sciences, Inc. (OTC.BB:APDN - News), a provider of DNA-based anti-counterfeiting technology and product authentication solutions is pleased to announce the expansion of its forensic scientific group, with the addition of Breanna Mead.
Ms. Mead brings forensic crime laboratory experience from the Houston Police Department, and most recently, the Institute for Forensic Genetics (IFG) headquartered in Denver, Colorado. At the IFG, she instructed laboratory analysts and research assistants in forensic techniques and was responsible for the coordination of the application of ISO 17025 accreditation. She has a Master's degree in Forensic Science from Sam Houston State University (Texas).
Dr. Benjamin Liang, Chief Scientific Officer stated, "We are excited to have Breanna on board and expect her contribution to the team to respond to the growing demand for DNA anti-counterfeiting technology and forensic authentications."
The increased volume of authentications and laboratory work bears witness to the increasing demand for SigNature® DNA. It offers a flexible platform that can compliment any existing security system and it provides the most accepted forensic standard.
According to a 2011 report published by the International Chamber of Commerce (ICC), global counterfeiting losses are forecasted to grow to as high as $1.7 trillion by 2017. The economic impact of this on the US economy alone is as much as $775 billion per year, resulting in lost tax revenue and high government spending on law enforcement and health care.
About APDN
APDN sells patented DNA security solutions to protect products, brands and intellectual property from counterfeiting and diversion. SigNature DNA is a botanical mark used to authenticate products in a unique manner that essentially cannot be copied, and provide a forensic chain of evidence that can be used to prosecute perpetrators. To learn more, go to www.adnas.com where APDN routinely posts all press releases.

Keep watching APDN trade. A break towards the High of Day could attract more traders and push shares higher.
Best Regards,
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www.pennystockpickalert.com

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