Press Releases Detail:
Avitar, Inc. Acquires BJR Security Service, Inc.
March 12, 2001
CANTON, MA, March 12, 2001 – Avitar, Inc. (AMEX:AVR) announced today that it has completed the acquisition of BJR Security Service, Inc., a privately held company located in Gainesville, Texas. BJR will function as a wholly owned subsidiary of Avitar, Inc. Financial details have not been disclosed.
"BJR’s customer base offers a terrific synergistic opportunity for Avitar to grow our ORALscreenä business as well as expand their business nationwide," said Peter P. Phildius, Chairman and Chief Executive Officer of Avitar. "BJR has a profitable business model for marketing substance detection programs and has already been instrumental in bringing new business to Avitar. We plan to continue their growth both internally and through franchising throughout the United States," he added.
"BJR has been a profitable business, however, we have been limited by resources from growing to full potential. Joining Avitar allows us to take full advantage of their management expertise in growing the business nationally, and we look forward to launching several new innovative marketing programs for our customers," said Carl F. Rickert, Jr., President and Owner of BJR Security Service, Inc. "ORALscreen is a welcomed addition to our product mix and will continue to keep BJR’s customers ahead of the curve when it comes to innovative illegal substance detection," he added.
Carl F. Rickert, Jr., President and Owner of BJR Security Service, Inc., was formerly a state police officer in the New Hampshire State Police and the Texas Department of Public Safety. Mr. Rickert will continue to function as the President of BJR.
ABOUT BJR SECURITY SERVICE, INC.
BJR Security Service, Inc., a private contract provider of drug detection and education services currently implements programs for organizations within two large market segments: school systems and the oil and petroleum industry. Customers include Texaco, Pennzoil, Conoco, Kerr Magee and approximately 100 public and private school in Texas. BJR Security Service implements regularly scheduled and randomly announced searches for illegal contraband specializing in narcotics by using a trained force of canines for discovering paraphernalia. In addition to contraband inspection and detection services, BJR also provides workplaces and school systems with drug education services.
ABOUT AVITAR
Avitar, Inc. (AMEX: AVR) headquartered in Canton, Massachusetts, develops, manufactures and markets innovative medical devices based on core technologies in oral fluid diagnostics and customized polyurethane applications. The company markets a unique portfolio of substance abuse testing products and services that includes ORALscreenTM, the world’s first rapid point-of-collection oral fluid test for drugs of abuse, ORALadvantage™, the first comprehensive substance abuse program featuring Avitar’s oral fluid-based products, HAIRscreenTM, a laboratory-based test for detecting long term drug abuse using hair, and several other specialized tests for drugs of abuse. ORALscreen is a cost-effective drugs-of-abuse test with potential net cost savings of more than $100.00 per sample tested. Additional products include an oral fluid collection system for DNA testing as well as a proprietary line of polyurethane-based high tech medical devices. Avitar is also a provider of substance abuse detection services and drug education programs.
For more information, see Avitar’s website at avitarinc.com.
This release contains forward looking statements that are subject to risks and uncertainties including the development and marketing of new applications and other risks that are detailed from time to time in the Company’s filings with the Securities and Exchange Commission.
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