ICTS Announces Delay in Filing Its Annual Report on Form 20-F
July 14 2006 - 12:17PM
Business Wire
ICTS International N.V. (NASDAQ: ICTS), a leading provider of
advanced security services, reported today that the Company would
be delayed in filing its annual report on Form 20-F. The delay is a
result of not having completed an independent evaluation of one of
its investments and the receipt of requested documentation from
third parties. In addition, the auditors are finalizing evaluation
of certain other issues in the financial statements. About ICTS
International N.V. ICTS specializes in the development and
implementation of innovative security concepts and solutions
designed to meet the needs of a variety of industries, mainly
including transportation (aviation, railroad and other means of
public transportation), border control and sensitive facilities.
ICTS International benefits from over two decades of expertise and
international operational experience in transportation security,
with a particular emphasis on high-risk environments, passenger
processing transactions and the integration of security services to
provide a comprehensive security solution. It also offers a wide
variety of customized training programs, tailored procedures and a
wide range of security consulting services. The company has
developed and implemented unique technological solutions, based on
its comprehensive approach to security, designed to enhance the
level of security while accelerating the security check process.
www.icts-int.com This press release contains "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995, regarding the Company's business strategy and
future plans of operations. Forward-looking statements involve
known and unknown risks and uncertainties, both general and
specific to the matters discussed in this press release. These and
other important factors, including those mentioned in various
Securities and Exchange Commission filings made periodically by the
Company, may cause the Company's actual results and performance to
differ materially from the future results and performance expressed
in or implied by such forward-looking statements. The
forward-looking statements contained in this press release speak
only as of the date hereof and the Company expressly disclaims any
obligation to provide public updates, revisions or amendments to
any forward-looking statements made herein to reflect changes in
the Company's expectations or future events.
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