NEW YORK, NY--(Marketwire - July 13, 2009) - IDO Security, Inc. (OTCBB: IDOI) (www.idosecurityinc.com), developer of the innovative MagShoe™ "shoes-on" weapons metal detection system, today announced an order of nearly two dozen MagShoe devices, placed with a major security products distribution specialist based in Vietnam.
The systems will be shipped to major airports across the region, as part of an initiative to increase travel safety measures. A patented security screening device for the lower body, MagShoe instantly and accurately detects weapons and metal items concealed in footwear -- without requiring the removal of shoes. This increases convenience while enhancing security readings and providing faster, more accurate results.
Magshoe is the missing link in today's high-security environments, filling the void left by traditional handheld and walkthrough security systems, which do not extend to the lower body. The agreement marks a powerful entry for IDO Security into the Vietnamese security market, and expands the presence of MagShoe at venues throughout Southeast Asia. The "shoes-on" weapon detection system is currently used in airports, government agencies, sports arenas, cruise ships and more worldwide. Other installations in the Asian market include India, China and Hong Kong.
"Safety continues to be top-of-mind for the global travel industry, especially for the airports in Vietnam and around the world who seek to provide millions of travelers with the highest levels of security," said Dan Werber, International Marketing Manager of IDO Security. "We are proud to have the opportunity to partner with one of the region's top distributors of security products to make MagShoe available throughout the region."
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, private homes and more.
www.idosecurityinc.com
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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.
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