Health & Fitness
Health and Fitness
Health and Fitness
Wed, August 5, 2009
Tue, August 4, 2009
Mon, August 3, 2009 IDO Security, Inc.: IDO Security Announces Ray Willenberg Joins Board of Directors
NEW YORK, NY--(Marketwire - August 3, 2009) - IDO Security, Inc. (
Mr. Willenberg currently serves as Chairman of the Board of Directors and Executive Vice President of Rim Semiconductor, which he founded in 1999. He is also the President of LIT Consulting Inc. which advises and consults with Public and Private Companies on Financing, Mergers, Acquisitons and Public Awareness.
"Mr. Willenberg is a great addition to our board. His vast experience in finance and manufacturing will be extremely useful in helping IDO Security continue to grow and expand," said Michael Goldberg, Acting CEO of IDO Security.
Commented Mr. Willenberg, "The demand for cutting edge security products such as the MagShoe continues to grow throughout the globe. I feel IDO Security's product line is truly innovative, and I'm very excited to join them."
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About IDO Security
Headquartered in New York with a subsidiary in Israel, IDO Security designs, develops and markets the patented, UL-certified MagShoe™ weapons metal detection system. MagShoe fills a critical void in today's metal detectors by extending screening to the lower body and feet. MagShoe's unique "shoes-on" design maximizes security, thoroughness and accuracy while eliminating the need to remove shoes for increased convenience and safety. Ideal for security and loss prevention at virtually any facility, MagShoe is currently in use at international airports, cruise lines, government agencies, prisons and more. [ www.idosecurityinc.com ]
Forward-Looking Statements:
This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections about our business and our industry, and that reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based upon our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed as a result of a number of factors, including but no limited to, 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, changes in technology, legislative or regulatory changes that affect us and the risks and uncertainties discussed under the heading "RISK FACTORS" in Item 1A of IDO's Annual Report on Form 10-K for the year ended December 31, 2008, and in our other filings with the Securities and Exchange Commission. We undertake no obligation to revise or update any forward-looking statement for any reason.
