NEW YORK, NY–(Marketwire -04/17/12)- IDO Security Inc. (OTC.BB: IDOI.OB – News) developer of the innovative MagShoe™ shoe scanning device (SSD), today announced that it will be demonstrating the MagShoe this week at the Passenger Terminal Expo in Vienna, Austria, April 18-20, 2012. Passenger Terminal Expo is the leading European event focused on present and future technologies which improve all aspects of the passenger experience in airport terminals.
Security is a main focus at Passenger Terminal Expo, but providing a comfortable stress-free travel experience and keeping wait times low is also a primary focus of the conference. The MagShoe, which features a walkthrough design, and “shoes on” metal detection maintains high security without compromising passenger flow rates.
The Company will be presenting at Stand #4010 along with its Austrian distributor EAS Envimet, one of Europe’s leading suppliers and providers of state-of-the-art technical solutions in the field of security technologies. The Expo is expecting over 3,500 attendees from airports, airlines, aviation authorities and related businesses from 85 countries worldwide.
Yaniv Beran, IDO Security’s General Manager, commented, “2011 was a turnaround year for us and we are gaining momentum this year by making an aggressive marketing campaign across four continents through pilot programs, participation in trade shows and by enlisting new distributors to further extend our global sales network. The MagShoe delivers high security screening without having to compromise convenience and safety, and can easily integrate with existing screening stations which make the MagShoe very attractive to many aviation authorities attending the Expo. We believe demonstrating the MagShoe will have many officials interested in placing the units within their security checkpoints.”
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, 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.