SOURCE: IDO Security, Inc.
NEW YORK, NY--(Marketwire - Nov 14, 2012) - IDO Security Inc. (OTCBB: IDOI) developer of the innovative MagShoe™ shoe scanning device (SSD), today announced that it is demonstrating the MagShoe this week at the Israel HLS (Homeland Security) 2012: 2nd International Conference, November 11-14 in Tel Aviv, Israel. IDO will be demonstrating the MagShoe at the exhibition at Booth #39.
Israel HLS 2012: 2nd International Conference, co-sponsored by the Israeli Ministries of Industry, Trade & Labor and the Ministry of Defense and Public Security is responding to homeland security developments and trends around the world, and focuses on four principal areas including securing the smart city, critical infrastructure protection, cyber security and emergency management. The conference examines the challenges these areas represent, and discusses the deployment of appropriate technologies and security devices. The conference has set as its principal objective the creation of an international dialog among government bodies and security officials. Israeli HLS companies are displaying their innovative technologies, creating a platform that promotes Israeli exports while encouraging international cooperative ventures with local industry. This year's conference will host approximately 800 representatives and delegations from some 50 countries.*
Yaniv Beran, IDO Security's General Manager commented, "Conference attendees come to Israel from all over the world, knowing that Israel is a leader in security technologies, seeking to find devices and technologies that will increase security in an effective way without interfering with daily life. The Israel Security Agency was the first to approach IDO Security to develop the MagShoe that would close the security gap left by conventional walk thru metal detectors. As a veteran supplier to Israel's Ministry of Defense, IDO Security enjoys a sterling reputation and is using the conference to make connections to further grow global sales of the MagShoe."
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.