NEW YORK, NY--(Marketwire - Oct 25, 2012) - IDO Security Inc. (OTCBB: IDOI), developer of the innovative MagShoe™ shoe scanning device (SSD), today announced that its Russian distributor, Borlas Security Systems, a subsidiary of Borlas Consulting Group, will be demonstrating the MagShoe at the upcoming 16th Annual INTERPOLITEX http://www.interpolitex.ru/en/ International Exhibition of Police & Military Equipment in Moscow, Russia in Booth: No. 2C4-4, Hall B.
The INPOLITEX Exhibition is being held at The All Russia Exhibition Center this week, October 23-26, 2012 and is being sponsored by the Russian Federation Ministry of Internal Affairs, Russian Federal Security Service, and the Russian Federal Service for Military-Technical Cooperation. Borlas Security Systems, working with Tekhno-Tel will be exhibiting the MagShoe in the context of a project called creating a "Safe City Security Solution Integration."
Borlas recently helped IDO receive the GOST-R State Standard Quality Certification for the MagShoe, http://gost-r.com/eng/66-certificate-gost-r.html, making it an approved Russian government security product which greatly facilitates sales to a wide variety of government agencies in Russia.
Dr. Andrey Prozorov, Director of Security Systems Department at Borlas Consulting Group, commented, "We believe that the MagShoe is one of the critical components of a safe city security solution. The MagShoe offers unique capabilities in facing the threats of Homeland Security, specifically solving the known problem of finding concealed weapons and their parts in the shoes and lower parts of the body without hassling or insulting passengers."
Ido Bar Oz, IDO Security's VP of Business Development, commented, "Following receipt of the Certificate of Quality granted by the Russian Federal Bureau of Security, we are pleased to use INTERPOLITEX as an ideal opportunity to demonstrate the MagShoe for versatile deployment at hubs of transportation and other strategic venues in the vast Russian Homeland Security Market."
About IDO Security, Inc.
Headquartered in New York with a subsidiary in Israel, IDO Security designs, develops and markets the patented MagShoe™ shoe scanning device (SSD), filling a critical void in today's 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; neither invasive nor harmful to the body as some of the other screening devices currently used in the marketplace. Ideal for security and loss prevention at virtually any facility, MagShoe™ is currently in use worldwide at international airports, cruise lines, government agencies, correctional facilities, mints and more.
For more information on the Company, please visit: http://www.idosecurityinc.com
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 not limited to, anticipated trends and challenges in our business and the markets in which we operate, our expectations regarding our expenses and revenue, the ultimate market acceptance of our products, the sufficiency of existing capital resources, our plans for future products and enhancements of existing products, the ability to secure additional sources of financing, general economic conditions, the availability of competing products and 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, 2011, and in our other filings with the Securities and Exchange Commission at www.sec.gov. We undertake no obligation to revise or update any forward-looking statement for any reason.