Visualant, Inc., (OTCBB: VSUL) is a publicly held company headquartered in Seattle, Washington. The company was founded in 1998 and it has recently invented and has been granted patents on a way to shine light at a material (solid surface, liquid, or gas) and measure the amount of light that is reflected back. The reflected light enables the technology to identify, authenticate or diagnose materials that cannot be identified by the human eye.
VSUL’s low tech wholly owned Trans Tech subsidiary accounts for all of the company’s nearly $8 million of annual revenue. The subsidiary provides value added security and authentication solutions for corporate and government facilities throughout the United States. ChromaID™, Visualant’s first product that is based on its Chromatic identification technology, is anticipated to start to generate revenue during 2015.
The company became a member of Dynasty Wealth on June 9, 2014 with a share price of $0.08. VSUL’s share price is currently trading closer to its all-time low than its all-time high ($1.26). The share price has remained depressed because of revenue from its wholly owned TransTech subsidiary being static over its last three fiscal years. More important, its losses have been widening due to all of the expenses, which it has had to incur to develop its chromatic identification technology and ChromaID™ products.
Stock Symbol: OTCBB: VSUL - Stock Chart
Press Releases: http://www.visualant.net/News.html