Electronic Tag Company Advanced ID Corp. (AIDO.OB) Set To Acquire China-based Radio Frequency Business
Without naming names, Advanced ID Corporation (OTCBB: AIDO) reports that it has signed a letter of intent to acquire a radio frequency identification (RFID) company, based in China. This falls in line with AIDO's current role as a developer of RFID for livestock and pet tracking and recovery, as well as tracking the supply chain of items such as tires. A company news release says the action allows AIDO to become "the only US public company with instant access to the Chinese domestic market for RFID products and services – the single largest in the world." The move is also…