Health & Fitness
Health and Fitness
Health and Fitness
Tue, September 22, 2009
Mon, September 21, 2009
IDO Security, Inc.: IDO Security Demonstrates MagShoe(TM) for a Delegation of U.S. and Canadian Airport Executives
TEL AVIV, ISRAEL--(Marketwire - September 21, 2009) - IDO Security, Inc. (
IDO Security gave a live, on site demonstration to the delegates last week at the Ben Gurion International Airport. The delegation was comprised of six U.S. and Canadian airport executives who were visiting as guests of the [ Israel Export and International Cooperation Institute ] and Ministry of Foreign Affairs in order to examine Israeli airport security.
According to one Export Institute Official, the delegation included executives from airports in Canada, Ohio, and Alabama, as well as the Under Secretary of Homeland Security for Science and Technology and the Vice President of the Airports Council International - North America.
Export Institute Director, General Avi Hefetz, told the Israeli Newspaper Globes that the U.S. Government's security budget for 2010 is more than $55 billion, including $7.7 billion for transportation security. The General also estimated the potential share of this market for Israeli companies at close to $300 million.
"We were extremely pleased to have had the opportunity to showcase the MagShoe™ on site and under normal operating conditions in such a prestigious venue as Ben Gurion International Airport," stated IDO Security's International Sales and Marketing Manager, Dani Werber.
Mr. Werber further commented, "It is our hope that this demonstration will lead to future business with those that had the opportunity to see the MagShoe™ in action."
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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.
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.
