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IDO Security, Inc.: IDO Security in Negotiations With Partner to Provide MagShoe for Security During the Soccer World Cup in 20

^{Published on 2009-04-01 06:44:12, Last Modified on 2009-04-01 06:44:59 - Market Wire}
 

NEW YORK, NY--(Marketwire - April 1, 2009) - [ IDO Security, Inc ]. (OTCBB: [ IDOI ]), developer of the innovative [ MagShoe™ ] "shoes-on" weapons metal detection system, today announced late stage negotiations with a partner in South Africa to provide MagShoe units for fan and participant security during the [ Soccer World Cup in 2010 ]. The World Cup will begin on 11 June, 2010 and be contested by 32 national teams over a month in ten different venues in South Africa including Cape Town and Johannesburg. Well over [ a billion people ] are expected to follow the month long tournament between the world's top 32 soccer playing nations. See IDO Security's Social Media News Room at [ Intelligendo.com ].

"The Soccer World Cup is for all practical purposes, 'The Super Bowl' for the rest of the world. With crowds in the tens and even hundreds of thousands daily, security will be an enormous task. The MagShoe is an ideal solution that will improve security and save time for the spectators getting into the stadiums. Once we have completed these negotiations with this potential partner, we will announce it to our shareholders," said Dani Werber, Marketing Manager of IDO Security.

About IDO Security

Headquartered in New York with a subsidiary in Israel, IDO Security designs, develops and markets the patented MagShoe™ weapons metal detection system. MagShoe addresses a key vulnerability in walkthrough metal detectors and other screening technologies; other technologies stop just above the ankles when scanning for concealed weapons. MagShoe, a portable, user-friendly device extends metal detection to include the lower extremities, covering everything from four inches above the ankles to the bottoms of the feet -- without requiring passengers to remove their shoes, thanks to a patented "step-on" design.

Forward-Looking Statements:

A number of statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended. A safe-harbor provision may not be applicable to the forward-looking statements made in this press release because of certain exclusions under Section 27A (b). These forward-looking statements involve a number of risks and uncertainties, including the sufficiency of existing capital resources, uncertainties related to the development of IDO's business plan, the ability to secure additional sources of financing, general economic conditions, the availability of competing products and the ultimate market acceptance of our products. The actual results that IDO may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. IDO encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-KSB and Form 10-QSB.