NEW YORK, NY -- (Marketwire) -- 04/09/12 -- IDO Security Inc. (OTCBB: IDOI), developer of the innovative MagShoe shoe scanning device (SSD), today announced that it will be demonstrating the MagShoe at the upcoming Counter Terror Expo in London, England, April 25-26, 2012. The Counter Terror Expo is the premier global event for professionals tasked with ensuring a formidable and effective response to the threats we face today.
The Company will be exhibiting in booth #D38 with Laser Detect Systems (LDS), a world-leading developer of stand-off laser-based trace detection technology. LDS is unveiling its new generation, state of the art laser explosives scanner. LDS5500D is a laser-based explosive scanner enabling ultra accurate and reliable detection of explosive materials and hazardous compounds in liquid, gel or powder form. The laser scanner employs advanced laser gated spectroscopy scanning methods, enabling the scanner to achieve high level of detection, and superior processing speed.
Eli Venezia, President of LDS, remarked, "We have great respect for IDO Security's products and technologies, and believe that since LDS' products and IDO Security's products both provide cutting-edge technologies for modern-integrated security checkpoints, there is natural synergy in marketing our products together."
Avishai Rotshtain, IDO Security's Marketing Manager, commented, "We have been reviewing a great number of young technology companies with whom we can create value by entering strategic marketing agreements. By broadening our product portfolio with complementary security products, we believe we can augment sales of the MagShoe. We are impressed with LDS' technology and are excited about marketing our products together."
"The expo comes at an opportune time for both of our companies as London hosts the 2012 Summer Olympic Games this July. We expect to impress a large number of the 9,000 that will be attending the expo with the MagShoe's technology in sectors ranging from government and embassies to stadiums and transportation stations," added Rotshtain.
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, 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, 2010, 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.