IDO Security, Inc. (OTCBB: IDOI)( ), developer of the innovative MagShoe(TM)"shoes-on" weapons metal detection system, announced today that the companyhas entered into a Cooperative Agreement with Lotan Security, LTD.
Lotan Security is an Israeli company specializing in HLS consulting,training and integration of security technologies and products for majorturnkey HLS related projects. Headed by the former head of training forEL-AL security, Mr. Dotan Sagi, Lotan is involved as an integrator inseveral HLS projects in Thailand and the Far East in the Government andCivil Aviation sectors.
"We are delighted to have formed this new partnership with the Lotanorganization. Lotan is very active in India and the Far East and willhelp IDO Security in its efforts to achieve success in those markets,"stated Dani Werber, International Marketing Manager for IDO Security Ltd.
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About IDO Security:
Fake Bottega Veneta HandbagsHeadquartered in New York with a subsidiary in Israel, IDO Securitydesigns, develops and markets the patented, UL-certified MagShoe(TM)weapons metal detection system. MagShoe(TM) fills a critical void intoday's metal detectors by extending screening to the lower body and feet.MagShoe's unique "shoes-on" design maximizes security, thoroughness andaccuracy while eliminating the need to remove shoes for increasedconvenience and safety. Ideal for security and loss prevention at virtuallyany facility, MagShoe(TM) 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 involvesubstantial uncertainties and risks. These forward-looking statements arebased upon our current expectations, estimates and projections about ourbusiness and our industry, and that reflect our beliefs and assumptionsbased upon information available to us at the date of this release. Wecaution readers that forward-looking statements are predictions based uponour current expectations about future events. These forward lookingstatements are not guarantees of future performance and are subject torisks, uncertainties and assumptions that are difficult to predict. Ouractual results, performance or achievements could differ materially fromthose expressed as a result of a number of factors, including but nolimited to, the sufficiency of existing capital resources, uncertaintiesrelated to the development of IDO's business plan, the ability to secureadditional sources of financing, general economic conditions, theavailability of competing products and the ultimate market acceptance ofour products, changes in technology, legislative or regulatory changes thataffect us and the risks and uncertainties discussed under the heading "RISKFACTORS" in Item 1A of IDO's Annual Report on Form 10-K for the year endedDecember 31, 2008, and in our other filings with the Securities andExchange Commission. We undertake no obligation to revise or update anyforward-looking statement for any reason.
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