Rapidtron Inc. Stock Analysis RPDT

Rapidtron, Inc. engages in the provision of radio frequency smart card access control and membership systems. The company is headquartered in Costa Mesa, California and currently employs 6 full-time employees. The company went IPO on 2001-04-05. The firm contracts additional marketing research from Equus Marketing, a related party. The company sells turnstiles with door, counter and hand-held readers manufactured by Axess AG to the fitness, university, and winter resorts industries in North America utilizing two technologies, radio frequency (RF) smart chip (smart cards, key cards and identification, ID, bracelets) and bar code tickets. The RF smart cards are contactless with multilevel read/write capabilities for debit/credit, affinity/loyalty programs, access, parking and doors. The bar code tickets are an inexpensive, read only medium for access operations.