Health and Fitness Health and Fitness
Thu, December 24, 2009
Wed, December 23, 2009

IDO Security Signs Agreement to Promote MagShoe(TM) in Netherlands


Published on 2009-12-23 08:20:16 - Market Wire
  Print publication without navigation


TEL AVIV, ISRAEL--(Marketwire - December 23, 2009) - IDO Security, Inc. (OTCBB: [ IDOI ]) ([ www.idosecurityinc.com ]), developer of the innovative MagShoe™ "shoes-on" weapons metal detection system, announced today that the company has signed an agreement with S.F. Enterprises B.V. ([ www.sf-enterprise.eu ]) to promote the MagShoe™ in the Netherlands and neighboring countries.

S.F. Enterprises B.V. specializes in marketing HLS/D (Home Land Security/Defense) High-Tech products, widely used by police and security forces in the Netherlands and other countries in the region.

"Besides the fact that S.F. has specialized in our field, HLS/D, for a number of years with proven success, they bring with them more then 30 years of general trade, sales and marketing experience that we truly believe can help us better promote the MagShoe™ in this region," stated Dani Werber, International Marketing Manager of IDO Security, Ltd.

Mr. Werber further stated, "We already have some field demos and presentations scheduled for early next year in the Netherlands and another country in the region."

[ Click here to view the social media version of this release ].

[ Click here to visit the IDO Security Social Media Newsroom ].

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 not 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.

Contributing Sources