IDO Security's Chinese Distributor Hwan Technology & Trade Co. Presenting MagShoe at Security China 2012
November 30 2012 - 3:01PM
Marketwired
IDO Security Inc. (OTCBB: IDOI), developer of the innovative
MagShoe™ shoe scanning device (SSD), today announced that its
Chinese distributor, Hwan Technology & Trade Co., will be
demonstrating the MagShoe at the upcoming 11th Annual China
International Exhibition on Public Safety & Security, Security
China 2012 in Beijing, China December 3-6.
Security China 2012 is sponsored by The Chinese Ministry of
Public Security, The Ministry of Science & Technology, the
Office on Anti-terrorism, as well as the Beijing Municipal Public
Security Bureau. It is the largest homeland security exhibition in
China, and will provide a major platform for exhibitors to meet the
government level buyers and high management for purchasing in
different industries. Approximately 1,000 exhibitors from China and
other countries, including USA, Canada, U.K., Germany, Korea,
Japan, Taiwan, Hong Kong, will greet more than 150,000 visitors
from China and neighboring countries.
Currently, China's civil aviation authority is planning
significant expansion for local Chinese airports, and IDO
Security's distributor, Hwan is working to incorporate the MagShoe
into the security routine at the new airports. Security China is an
excellent opportunity for Hwan to demonstrate the MagShoe to a
broad audience of Chinese decision makers.
The president of the Civil Aviation Administration of China, Mr.
Li Jiaxiang, said, "China shall develop its airports with
appropriately advanced policy. The Planning showed that in the
'Twelfth Five-Year Plan' period, the number of airports by 2015
will reach 230 or more. China will build 70 new airports, relocate
16 airports and reconstruct or expand 91 airports. The
infrastructure investment will reach 425 billion in the aviation
industry."
Attar Rozenrot, IDO Security's Marketing Manager, commented,
"China has been a key market for IDO since 2008. Hwan has proven
itself as a powerful distributor of the MagShoe for a variety of
installations. We welcome the growth of the local Chinese aviation
industry as a key step to further expand IDO's footprint in
China."
For more information on Security China 2012, visit:
http://www.securitychina.com.cn/english/Article.asp?ClassID=77
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, 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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