posted
IDO Security Introduces New Model of MagShoe(TM) With Larger Scanning Area for More Comprehensive Security Screening
IDO Security, Inc. (OTCBB: IDOI) (www.idosecurityinc.com), developer of the innovative MagShoe(TM) "shoes-on" weapons metal detection system, today announced the availability of the MagShoe 3G, a new model that offers increased coverage of the lower extremities for security scanning. MagShoe 3G now detects concealed weapons up to eight inches from the ground up, doubling the height capacity of previous models to extend security from the shoes and feet to the mid-calf. It also boasts an enhanced screening algorithm, making it even easier for security personnel to identify threats without requiring subjects to remove their shoes.
As with previous models, MagShoe 3G offers a patented step-in design that maximizes convenience while improving security. The portable device offers fast, accurate scanning in about two seconds, making it ideal for use in checkpoints and other high-volume, high-security settings. MagShoe 3G also offers an improved management interface, including the ability to locally store screening results, analyze security screening statistics from the control panel and securely connect to an Ethernet network. This allows the new model to work seamlessly with IDO Security's Network Management and Control (NMC-3) system, which was recently launched to provide centralized remote monitoring and management of up to 300 MagShoe devices installed across one or more facilities.
"We are committed to continuously incorporating the input of our users into ongoing product development. The new MagShoe design reflects valuable feedback from our global clients and partners, as well as on-the-ground testing with security staff and local agents in prisons, international airports and more," said Dan Werber at IDO Security. "MagShoe 3G continues to fill a void in the security market not fully addressed by traditional walkthrough and handheld detection systems, offering even greater coverage and increased functionality to address the world's most stringent security requirements."
Click here to view 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(TM) 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, private homes 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.
COMPANY CONTACT: Michael Goldberg 646-214-1234 Email Contact
MEDIA CONTACT: Mike Elliott Email Contact
Posts: 602 | From: Minneapolis | Registered: Jul 2009
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posted
The above news was released today at 8:30 A.M. and from looking at the stock today, at one time the asking was at .0110. I also noticed that at one time today the asking was at .0093. Currently the asking is at 0.0095. It's been a rollercoaster since money with volume at 276,866,067. It will definitely trade higher tomorrow.
Posts: 602 | From: Minneapolis | Registered: Jul 2009
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posted
IDO Security, Inc. Announces 2nd Quarter Results
Aug 20, 2009 13:51:56 (ET)
NEW YORK, NY, Aug 20, 2009 (MARKETWIRE via COMTEX) -- IDO Security, Inc. (IDOI, Trade ) ( www.idosecurityinc.com ), developer of the innovative MagShoe(TM) "shoes-on" weapons metal detection system, today announced results for its second quarter ended June 30, 2009 with revenues increasing approximately 20% while the net loss narrowed by approximately 37% over the same quarter last year. For the six months sales were almost double while the net loss decreased by approximately 50% over the same quarter last year.
Revenues for the six and three months ended June 30, 2009 were $61,339 and $41,246, respectively, compared to $33,684 and $33,684 for the corresponding periods in 2008, all of which were derived from sales of our MagShoe device. Costs of goods sold for the six and three months ended June 30, 2009 were $45,809 and $29,554, respectively.
Net loss -- For the six and three months ended June 30, 2009, we had a net loss of $2,280,553 and $1,165,870, respectively, compared to $4,005,918 and $1,864,872 for the corresponding periods in 2008.
During the same period, the Company expanded its presence in Europe, Asia and Australia while increasing both its pilot programs and the orders received.
Commented Acting CEO Michael Goldberg, "During the last quarter we were able to see tangible evidence of the increase in interest for our MagShoe(TM) product line worldwide, the technical improvements made and the expansion of our distributor base. We believe the security market is just beginning to realize how vital our screening device is for any high security environment, and feel that the progress made over the last quarter has us well positioned to take full advantage of this need."
Further commenting, Michael Goldberg stated, "Due to the strong support of our core investors, approximately one million dollars has been raised since April of 2009 for the continued support of research and development and for day to day operations."
A more detailed description of IDO's business, our results of operations and financial statements are contained in the Quarterly Report on Form 10-Q filed on August 19, 2009. IDO has sustained losses since its inception and expects to incur additional losses for the immediate future requiring the need to raise additional funds.
Click here to view 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(TM) 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.
COMPANY CONTACT: Michael Goldberg 646-214-1234 Email Contact
posted
Just a little more news on this one this morning
Latest News Headlines for IDO Security Inc IDO Security, Inc. Announces Exclusive Distribution Partnership in Italy, Increasing European Presence of Step-In MagShoe Security Device Friday 08/21/2009 9:50 AM ET - Market Wire
IDO Security, Inc. (OTCBB: IDOI) (www.idosecurityinc.com), developer of the innovative MagShoe(TM) "shoes-on" weapons metal detection system, today announced a full distribution partnership in Italy with SETECO (www.setecospa.it), one of the nation's most well-known providers of systems integration for physical and logistical security. IDO Security and SETECO have already partnered previously to bring the patented, step-in MagShoe device to improve security measures at a number of prisons in IDO Security, Inc. Announces 2nd Quarter Results Thursday 08/20/2009 1:51 PM ET - Market Wire
posted
Yea, it's dipped to 0.072 from open 0.093, yesterday's close 0.088. I thought it would not go so dip and this morning I picked up more at 0.082.... I should have wait to pick up more shares at 0.72. Then again, who knows how dip it's going to go before surfacing up.
Posts: 602 | From: Minneapolis | Registered: Jul 2009
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posted
IDO Security LTD. Moves Corporate Headquarters. 9:30 AM ET 8/25/09 | Market Wire IDO Security, Inc. (OTCBB: IDOI) (www.idosecurityinc.com), developer of the innovative MagShoe(TM) "shoes-on" weapons metal detection system, today announced that IDO Security LTD., its wholly owned Israeli subsidiary, has moved to a larger and more modern facility.
The Company's new location enables IDO Security to both continue its growth and expand its research and development capabilities. The Company's lease continues through November 2011.
Henry Shabat, Manager of IDO Security LTD., stated, "This move continues to position the Company for growth and expansion both for our increasing worldwide distributor base and our internal R & D efforts. The new location allows us more space and better in-house facilities for testing and product development, as well as displaying our product line.
Click here to view 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(TM) weapons metal detection system. MagShoe(TM) fills a critical void in today's metal detectors by extending screening to the lower body and feet. MagShoe's(TM) 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(TM) is currently in use at international airports, cruise lines, government agencies, prisons and more. http://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.
COMPANY CONTACT: Michael Goldberg 646-214-1234
Posts: 602 | From: Minneapolis | Registered: Jul 2009
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I think people just take their profits and run to the next stock,you just run with them or wait for it to have big news again and come back. You either have to take the money and run, or if it is a company you really believe in, (like really believe in!)Let er buck!
posted
Wish I never got in -but have been busy and by the time yesterday, I saw it dropping so much - I figured - "Why Bother"? Uhhh - cuz I'd have $100 more !!
Good Luck!
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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posted
I would never regret if I were you.You never know what the stock is going to do the next day. Do not be surprise if it moves right up to 0.0087. Currently it's at 0.007. One news release could send it to where you did not expect. You never loose money until you sell at a loss. If it goes lower even more, I'll get in again, but stay put for now imo unless you need to get out.
Posts: 602 | From: Minneapolis | Registered: Jul 2009
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posted
I'm waiting! Hey - I had 200,000 shares of ATNO that I paid .0075 for 2 years ago or more - and I always kept a sell in at .01 and I got taken out about 10 days ago, with a 33% PROFIT after sitting for years on a 90% paper-loss!
Good Luck - BONU is goona fly again today on more GREAT news - Swine flu play.
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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