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IDO Security, Inc.: IDO Security, Inc. Announces Exclusive Distribution Partnership in Italy, Increasing European Presence of S
TEL AVIV, ISRAEL--(Marketwire - August 21, 2009) - [ IDO Security, Inc. ] (
Ideal for high-profile security settings, the MagShoe extends traditional security screening and metal detection to include the ankles and feet, without requiring shoe removal. It works in seconds, offering highly accurate readings to reinforce safety while maximizing comfort and convenience. The device is already in use at airports, government buildings, ports, and other high-traffic, high-security venues around the world, including Italy and a number of other European countries such as Spain, Germany, and Poland.
"We have taken a strategic approach to building smart partnerships with leading security providers like SETECO, who are committed to providing clients everywhere with the most advanced technologies to ensure total security. We're thrilled to have the opportunity to reach additional new markets through this exclusive relationship," said Dani Werber, Marketing Manager for IDO Security. "Demand for MagShoe continues to grow globally as the need for comprehensive security -- from top to bottom -- becomes the most important priority at crowded event venues, transportation centers, and similar environments."
SETECO [ http://www.setecospa.it ] works with a number of institutional, governmental, and private customers, protecting critical infrastructures both domestically and abroad. The MagShoe is part of SETECO's world-class portfolio of tools and technologies to deliver the highest levels of security to clients across the transportation, banking, financial, insurance, and chemical industries.
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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.
