PRESS RELEASES
Medical Exchange Changes Its Name to IDO Security Inc. and Announces Three for One Stock Split
NEW YORK, June 19 /PRNewswire-FirstCall/ -- The Medical Exchange Inc. (OTC Bulletin Board: MXCH - News), announced that it has completed the process whereby its corporate name has been changed to "IDO Security Inc." The corporate name change is designed to better reflect the Company's new business in the homeland security field following its acquisition in March 2007 of IDO Security Ltd.
IDO Security Ltd. is a research and development company dedicated to improving the world's homeland security. Concomitant with the name change, beginning June 19, 2007, the Company's common stock will be quoted under the new symbol, "IDOI". In conjunction with the name change, the Company is also enacting a three- for-one stock split of its common stock. The split is structured in the form of 200% dividend, payable to holders of record on June 18, 2007. Stockholders will receive two shares of common stock for each share they owned as of record on the close of business on June 18, 2007. On June 21, 2007, the Company's common stock will begin to be quoted at the post split adjusted price. "The name change is necessary to reflect our new direction and to create a consistent corporate identity. The forward split is designed to further our efforts to improve trading liquidity and enhance shareholder value", stated Michael L Goldberg, the Company's President and acting Chief Executive Officer.
About IDO Security
IDO is engaged in the design, development and marketing of devices for the homeland security and loss prevention markets for use in security screening to detect metallic objects concealed on or in footwear, ankles and feet through the use of electro-magnetic fields. These devices were designed specifically for applications in the security screening to complement the current methods for the detection of metallic items during security screenings and at security checkpoints in venues such as airports, prisons, schools, stadiums and other public locations and other venues requiring individual security screening IDO's sole commercial product, "MagShoe" has been issued one patent by the United States Patent and Trademark Office in November 2005 covering various aspects of its unique technology and there is one patent application pending in Israel. In January 2006, the MagShoe was approved for use by the Department for Transport in the United Kingdom, after fields trials were conducted for the Home Office's Police Scientific Development Branch. In addition, IDO has been certified by the International Organization for Standardization ("ISO") under ISO 9001:2000 compliance for the design, development and manufacture of electronic, electro-optic and electro-mechanical systems
For more information please visit us at www.idosecurityinc.com
Forward Looking Statements: A number of statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended. A safe-harbor provision may not be applicable to the forward-looking statements made in this press release because of certain exclusions under Section 27A (b). These forward-looking statements involve a number of risks and uncertainties, including the sufficiency of existing capital resources, uncertainties related to the development of IDO's business plan, and the ability to secure additional sources of financing. The actual results that IDO may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. IDO encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-KSB and Form 10-QSB.
