Advanced ID Corporation (Advanced ID) develops, manufactures and sells, either directly or through distributors, microchip identification technologies referred to as radio frequency identification microchips (RFID) and readers to the animal industry. Advanced ID has three wholly owned subsidiaries: Pneu-Logic Corporation Limited (PL), AVID Canada Corporation and Universal Pet Care, Inc. AVID Canada Corporation is a reseller of RFID microchips and scanners manufactured by American Veterinary Identification Devices (AVID) of the United States under the brand name AVID. AVID Canada does not own the AVID brand name or trademark. The products are marketed to the companion animal and biological sciences sectors in Canada only. Universal Pet Care is a non-operating entity with no assets or liabilities. On July 1, 2007, Advanced ID decided to divest its 60% interest in AFG Asia Engineering Co. Ltd. of Chiang Mai, Thailand.
(Source: 10KSB)
