"World's Largest, Patented Provider of Hair Testing for Drugs of Abuse"
We are very pleased to tell you about our
unique and exciting company and its products.
Psychemedics Corporation is a sixteen year old biotechnology company
listed on the American Stock Exchange (PMD). The
Company is profitable and is receiving much notice
with its first commercial products, a testing service
using the Company's patented hair test technology for
the detection of drugs of abuse. The Psychemedics
testing services are currently in wide use throughout
the United States, and are expanding to other countries.
Psychemedics Corporation is in the business of helping to eliminate one of our society's most dangerous and pervasive problems: drug abuse. Drug use in America has become epidemic. It affects, directly or indirectly, all of us. In the workplace, productivity suffers, quality control is affected and workers' safety is jeopardized. In families, it robs our children of their youth, vitality, health and future.
The detection of drugs of abuse is the first line of defense in the war against drugs. And drug testing also provides the most effective deterrent against drug use. Psychemedics Corporation offers a powerful weapon in the drug war with its patented hair testing technology for drugs of abuse.
"A History of Market and Scientific Leadership"
Psychemedics Corporation's technology for analyzing hair for drugs of abuse is available through drug testing services for home, workplace, and school. The total annual market for drug testing in the United States has been estimated at $800 million - $1 billion dollars, and is growing fast. Psychemedics' state-of-the-art patented hair testing technology has become the most accepted alternative to urine testing. With thousands of corporate customers nationwide, numerous police departments, including five of the country's largest, several Federal Reserve Banks, hospitals and parole departments, as well as hundreds of schools, the Psychemedics drug testing method has been well established in the marketplace.
"More Effective than Competitive Products"
Why? Because the Psychemedics hair test has shown to be 5 to 10 times more effective at detecting drug abusers than urinalysis! A number of companies have conducted "side by side" comparisons using both urine and our hair testing services. In one study conducted by a large manufacturing company, samples from over 700 job applicants were tested using both urine and our hair test. The Psychemedics test detected over 16 times more cocaine users than a urine test on the same applicants and 6 times as many total drug users!
"Longer Window of Detection"
Most drug abusers are familiar with the many techniques available for beating a urine test. The easiest method, abstaining from using drugs for two or three days before a drug test, will normally produce a negative urine result. With the Psychemedics hair test, simple abstention doesn't work since the hair test detects drug use for months versus usually two or three days for urine. Additionally, other well known methods of beating a urine test through substitution or adulteration are not an issue with the Company's patented hair test.
Corporations interested in keeping out drug abusers can be assured that they have the best chance of maintaining a drug free work-place with the Psychemedics testing services. In fact, most of the companies currently relying on our hair testing method once used urine.
"Internet and E-Commerce Programs"
The Company has adopted an aggressive Internet and E-Commerce strategy for the workplace, home, and schools. Our primary corporate web site, www.drugtestwithhair.com, combines with our consumer E-Commerce site, www.drugfreeteenagers.com to provide leadership for 11 other registered sites that target our products and services appropriately over time.
We remain convinced that the future of Psychemedics Corporation and our superb patented hair testing technology is bright. I hope the following information will help you better understand our Company and its unique products.
Sincerely,
Raymond C. Kubacki, Jr.
President and Chief Executive Officer
For more information about our services, please visit these other Psychemedics sites: