IDO Security Retains Secure Strategy Group
December 06 2012 - 9:30AM
Marketwired
IDO Security, Inc. (OTCBB: IDOI), developer of the innovative
MagShoe™ shoe scanning device (SSD), today announced that that it
has retained Secure Strategy Group for strategic and financial
advisory services.
IDO Security, Inc. engages in the design, development, and
marketing of shoe scanning devices (SSD) for the homeland security
and loss prevention markets in the United States and
internationally. The Company's SSD products are used for security
screening procedures to detect metallic objects concealed on or in
footwear, ankles, and feet through the use of electro-magnetic
fields. IDO's flagship MagShoe™ shoe scanner addresses the need for
conducting a personal screening of footwear and the ankle area
without the need for removing the footwear. IDO has successfully
deployed its technology in a diverse set of vertical markets around
the world, including educational institutions, prisons, commercial
aviation and maritime facilities, rail transportation, shopping
centers/places of entertainment, business facilities, bus and train
stations, border crossings, government institutions/buildings,
critical infrastructure, and defense facilities.
Scott Greiper, President of Secure Strategy Group, commented,
"IDO's MagShoe™ technology fulfills a real gap in the marketplace
and has established reference accounts in key end users markets. We
believe that with additional support, visibility and resources the
Company can penetrate other key vertical markets that have security
and/or loss prevention requirements. Moreover, we believe that the
Company can execute a strategic acquisition strategy that can
accelerate IDO's growth, broaden its IP/product line and further
diversify its revenue base. We're excited to partner with the
Company to help it achieve its goals."
Michael Goldberg, CEO of IDO Security, commented, "We are
excited to have been able to bring Secure Strategy Group aboard.
Their capabilities and experience in the homeland security field
both nationally and internationally are second to none. We believe
that their prior successes with companies such as ours and their
broad reach can only serve to significantly enhance IDO'S prospects
for the future."
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 IDO Security please visit the Company's
website at http://www.idosecurityinc.com.
For more information on Secure Strategy Group please visit
http://www.securestrategygroup.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.
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COMPANY CONTACT: Susan U 347-855-5869 Email Contact Media
Relations Mike Elliott 813-421-1701 Email Contact
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