HGR unknown

After reading all the posts and the debate on shareprice it will...

  1. gsw
    4,920 Posts.
    After reading all the posts and the debate on shareprice it will all come to naught when the company files for FDA approval and the the Mexican Govt accepts the simple saliva test for illict drugs. Not only is it a good product that is ready to go but a very good PR tool for any government.
    If you don't know about HGR check out the following article and then read it in conjunction with the August announcement.
    I certainly believe that we had better strap ourselves in, whether it be today or in the near future, I will let the the up an down rampers debate that.
    cheers

    MONTERREY, Mexico, July 2 (Reuters) - Mexican students will take drug tests in schools as part of an effort to reduce narcotics use among young people, President Felipe Calderon said on Monday.

    Calderon said 8,000 schools will take part in the first stage of the program when the school year begins in August and September. Students ages 12 to 17 whose parents consent will take the test, which will ultimately be administered nationwide.

    "We must join forces to have ... permanent review of pupils' health to detect any addiction and to act immediately, not to punish them but to help them," Calderon said during a visit to a poor neighborhood of Monterrey in northern Mexico.

    About 5 percent of young Mexicans have tried illegal drugs at least once, a much lower number than in the United States, but narcotics use is on the rise, the United Nations says.

    Mexican drug smugglers channel billions of dollars worth of South American cocaine and marijuana into the United States every year, but increasing amounts are staying in Mexico.

    Mexican drug users bought $3 billion worth of cocaine last year, Mexican newspaper Reforma reported on Monday.

    and then the August 29 announcement,


    ASX Company Announcement
    29 August 2007
    ORALINE DRUG TEST
    CERTIFIED FOR EXPORT TO MEXICO
    Harrington Group (ASX: HGR) is pleased to advise that the Company’s subsidiary Sun
    Biomedical Laboratories (SBL) has been granted a certificate of exportability from the
    U.S. Food and Drug Administration (FDA). This enables the export of OraLine IV, the
    Company’s premier oral fluid illicit drug screening device, into Mexico.
    Subject to acceptance by the Mexican government, the Company anticipates
    commencement of shipping of OraLine IV in September 2007. A significant
    distribution partner to SBL, Express Diagnostics, has been working with the Mexican
    government where it is intended that OraLine IV will be used for testing programs
    being implemented in the Mexican schools system. In its war against illicit drugs the
    Mexican government has introduced mandatory drug testing in schools. The
    Company is confident that the Mexican market will deliver significant volumes and
    that the model of mandatory testing in schools is likely to be adopted in other
    markets.
    As previously advised the Company remains committed to, and continues to work
    toward the realisation of FDA 510(k) clearance for OraLine IV for workplace testing
    programs in the U.S.
    For further information contact
    Brian Andrews – Managing Director
    Tel: +61-3-8610-6371

 
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