SOURCE: IDO Security, Inc.

IDO Security, Inc.

December 01, 2010 16:15 ET

IDO Security Receives Letter of Intent From UK Distributor for First Multi-Site Order for New MagShoe 3G™ Series

TEL AVIV, ISRAEL--(Marketwire - December 1, 2010) - IDO Security, Inc. (OTCBB: IDOI), developer of the innovative MagShoe™ shoe scanning device (SSD), today announced that as a result of a successful field trial the Company has received a Letter of Intent for its first multi-site deployment of the new MagShoe 3G™ Series issued by IDO Security's local agent, Birmingham, UK-based Scan-X Security Ltd.

"We are very pleased with the way things are developing for the new 3G series. Our efforts in Europe during the last few months have proven that the multiple pilots and trial runs are an effective means of demonstrating the MagShoe to potential large clients and ultimately receiving orders," stated IDO Security's International Sales & Marketing Manager, Dani Werber.

About Scan-X Security Ltd. 
Scan-X Security is a global provider of threat detection and screening technologies for prisons, transportation, asset protection and corporate applications. Scan-X takes individual products and integrates them to form complete security solutions, providing advanced, high throughput screening systems for people, baggage and freight.

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). MagShoe™ fills 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. The MagShoe™ is 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 at international airports, cruise lines, government agencies 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 not 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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