Allied Security Innovations Moves to the NASDAQ - Over the Counter Market 8:00 AM ET - BusinessWire
Allied Security Innovations, Inc. ("ASVN") (OTCBB:ASVN), a leading manufacturer of tamper-evident security products, announced that it has completed all its financial currency requirements and is now approved as a fully reporting company to trade on the OTC-BB under the symbol "ASVN.BB".
During the last several months the Company has made dramatic changes to its infrastructure and security product lines in answer to an increasing world-wide demand. "These changes will shortly impact our revenue and increase Shareholder value," said Tony Shupin, Chairman/CEO. "Trading on the OTC-BB will provide added liquidity for ASVN. It is just one more step forward in our plan to build a solid company offering the finest products to thwart terrorism and deter criminal acts against vital supply chain systems."
The company, renowned for its tamper-evident security tapes and labels, is taking advantage of the world's increasing demand for security products. "We are successfully continuing to expand, refine and integrate our products and services into new applications to serve the needs of manufacturers, shippers and end-users throughout the supply chain," added Mr. Shupin. "Moving to OTC-BB should better reflect our company expertise to a global investment community."
About Allied Security Innovations Inc.
Allied Security Innovations, Inc., and its wholly owned subsidiary CGM Applied Security Technologies, Inc., is a leading manufacturer and distributor of Homeland Security products, including indicative and barrier security seals, security tapes and related packaging security systems, protective security products for palletized cargo, physical security systems for tractors, trailers and containers, as well as a number of highly specialized authentication products. Additional information is available online at www.cgm-ast.com.
Allied Security Innovations, Inc. is a fully reporting company whose stock trades on the OTC-BB under the symbol "ASVN". For information contact Investor Relations 1-800-899-2246 or www.cgm-ast.com.
Safe Harbor Statement:
Safe Harbor Statement Under the Private Securities Litigation Act of 1995 - With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of the Company could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors associated with our Company, review our SEC filings.
SOURCE: Allied Security Innovations, Inc.
For Allied Security Innovations, Inc., Farmingdale Capitol Public Affairs, Inc. PR Contact: Stephen Reid, 732-892-5000 sreid*cpanj.com
Posts: 23 | From: Banning, CA | Registered: Jan 2006
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Congratulations to those who did well on this run. This was formerly DDSI and they stung all their previous investors by doing a r/s a few months ago. You may want to dump this while it is up - before another r/s. The stockholders who believed in this company now have stocks worth one/fifth of 1 percent of their original value, even after this run. This company could not care less about their stockholders.
-------------------- It is what it is Posts: 196 | From: Tampa, FL | Registered: Mar 2006
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