U.S. BioDefense gains total control of EDS
U.S. BioDefense expands its services by gaining 100 percent control of EDS; the acquisition works well for EDS as well as the emergency preparedness and disaster recovery industry is expected to spend billions in 2007
City of Industry, California-based U.S. BioDefense has announce that it now has gained 100 percent control of Emergency Disaster Systems (EDS) through a complete acquisition of issued and outstanding shares of the company. U.S. BioDefense is a central Department of Defense (DoD) contractor research, developing, and commercializing biotechnology for homeland security. EDS will benefit from the merger by leveraging the influence of U.S. BioDefense and capital markets allowing it to expand in the industry of emergency preparedeness and disaster recovery, an industry expected to spend more than $24 billion in 2007 in the United States according to industry and federal government reports. EDS was first established as a company to provide earthquake preparedness supplies througout California. The wholly owned U.S. BioDefense subsidiary now counts as its customers governments, industries, and Fortune 500 companies around the world wanting innovative emergency preparedness technology, systems and services.
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