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IDOI NEWS:IDO Security Invited to Participate in Homeland Security Seminar
TEL AVIV, ISRAEL -- (Marketwire) 03/16/10 IDO Security, Inc. (OTCBB: IDOI), developer of the innovative Magshoe? "shoes-on" weapons metal detection system, today announced that the Company has been invited by Lotan Security (http://www.lotansecurity.com/) to participate in an "invitation only" seminar to be held today in Tel Aviv, Israel. The focus will be on new and proven security technologies that have been successfully field tested in Ben Gurion Airport.
"After our recent success introducing the new generation Magshoe? 3G/4 at the 2010 SICUR International Security Safety Exhibition in Madrid, Spain, we are extremely pleased to be part of this exclusive seminar where Aviation and Security officials from China, India and several other countries will attend," said Henry Shabat, COO of IDO Security Ltd. "We're confident that the recent increased exposure of our cutting edge Magshoe? 3G/4 will have an extremely positive impact on our results going forward."
Magshoe? addresses a key vulnerability in walk-through metal detectors and other screening technologies; these technologies stop just above the ankles when scanning for concealed weapons. Magshoe?, a portable, user-friendly device extends metal detection to include the lower extremities, now covers everything from eighteen inches to the bottoms of the feet -- without requiring passengers to remove their shoes, thanks to a patented "step-on" design.
Please click here to view Social Media Release.
Please 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 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 "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.
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.
IDOI world cup info pasted below. If they get approval from Israel to export the magshoe to South Africa I believe they will be used at the event. IDO Security, Inc . (OTCBB: IDOI), developer of the innovative MagShoe(TM) "shoes-on" weapons metal detection system, today announced late stage negotiations with a partner in South Africa to provide MagShoe units for fan and participant security during the Soccer World Cup in 2010 . The World Cup will begin on 11 June, 2010 and be contested by 32 national teams over a month in ten different venues in South Africa including Cape Town and Johannesburg. Well over a billion people are expected to follow the month long tournament between the world's top 32 soccer playing nations. See IDO Security's Social Media News Room at Intelligendo.com .
"The Soccer World Cup is for all practical purposes, 'The Super Bowl' for the rest of the world. With crowds in the tens and even hundreds of thousands daily, security will be an enormous task. The MagShoe is an ideal solution that will improve security and save time for the spectators getting into the stadiums. Once we have completed these negotiations with this potential partner, we will announce it to our shareholders," said Dani Werber, Marketing Manager of IDO Security.
About IDO Security
Headquartered in New York with a subsidiary in Israel, IDO Security designs, develops and markets the patented MagShoe(TM) weapons metal detection system. MagShoe addresses a key vulnerability in walkthrough metal detectors and other screening technologies; other technologies stop just above the ankles when scanning for concealed weapons. MagShoe, a portable, user-friendly device extends metal detection to include the lower extremities, covering everything from four inches above the ankles to the bottoms of the feet -- without requiring passengers to remove their shoes, thanks to a patented "step-on" design.
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hey burberry boy,,, do you know the float on this one?? it seems like it moves easily,,,, i think this is at a low point right now,,, this will bounce and bounce back hard,, imo ,,
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