IDO Security and BVS Team to Provide Wireless Device Security
November 29 2012 - 3:00AM
Marketwired
IDO Security Inc. (OTCBB: IDOI), developer of the MagShoe™ shoe
scanning device (SSD) and Berkeley Varitronics Systems, Inc. (BVS),
a leading provider of advanced wireless security solutions and
products to the domestic and international wireless
telecommunications markets, today announced a domestic and
international mutual reseller's agreement. The agreement calls for
each company to market and resell BVS' popular PocketHound™ and
Wolfhound-PRO™ handheld cell phone detector models as well as IDO
Security's MagShoe™ scanner.
Scott Schober, BVS president and CEO, commented, "We are excited
to add the MagShoe to our portfolio of unique electronic devices
used by prisons, schools and other secured facilities to keep out
metallic threats. The MagShoe's capabilities to detect metal in
shoes and the lower legs without requiring removal of shoes will
complement our handheld cell phone detector products perfectly. BVS
will offer the MagShoe throughout the U.S. to all of our
customers."
Michael Goldberg, IDO president and CEO, stated, "We recognize
that enlisting experienced companies like BVS, which have
well-established sales channels in the US, is key to ramping up our
North American sales. We are very enthusiastic about teaming up
with BVS, which sells cell phone detectors to U.S. prisons to stop
illegal cell phone usage, as this creates excellent synergy with
the MagShoe™, which is part of the solution to the same problem. We
also look forward to selling their cell phone detection equipment
outside the U.S. through IDO's international distribution
channels."
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
worldwide at international airports, cruise lines, government
agencies, correctional facilities, mints and more.
For more information on IDO Security, please visit:
http://www.idosecurityinc.com
About Berkeley Varitronics Systems
(BVS)
Berkeley designs and manufactures several popular products
including the Wolfhound-PRO™, PocketHound™ & WatchHound™ cell
phone detectors completely in the USA. Since 2010, BVS has sold to
hundreds of local, state and federal correctional facilities across
the U.S. and abroad.
For more information on BVS, please visit:
http://www.bvsystems.com/
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,
success of the teaming agreement with BVS in particular and our
marketing strategy in general, 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, 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.
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Contacts: IDO Security CONTACT: Investor
Relations Susan U 347-855-5869 Email Contact IDO Security
Media Relations Mike Elliott 813-421-1701 Email Contact BVS
CONTACT: Scott Schober Pres./CEO (732) 548-3737 Email Contact
PUBLICITY CONTACT: More Media LLC Alvina Alston CEO (732)
259-5885 (646) 588-5413
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