Alco Advanced Technologies, Inc. Introduces Its New Port of Entry Electronic Inspection Service Program
June 10 2009 - 3:53PM
Marketwired
Alco Advanced Technologies, Inc. (PINKSHEETS: ALCD) announced today
that the Company is extending its Sea Port Inspection Electronic
Container Scanning Service to Port of Entry Electronic inspection
service for border control. The new program will include inspection
for containers as well as any types of vehicles and individuals
crossing countries' borders.
Alco Advanced Technologies, Inc.'s business is diversified in
the field of electronic security. We have 3 main activities: Closed
Circuit Television and Security equipment (CCTV), Containers
Inspection and Asset tracking via Global Positioning System
(GPS).
The Alco CCTV product line is complete and offers great quality
at very competitive pricing. Alco offers Digital Video Recorders
(DVR). Alco also offers a complete line of analogue security
cameras, IP cameras and Mega Pixel cameras. The camera line
includes Indoor-outdoor cameras, day/night as well as Pan Tilt Zoom
(PTZ) cameras and 360 degree cameras. Alco announced on May 19,
2009 that it had signed a distribution contract with American Light
of Bogota, Colombia for 6.2 million dollars of CCTV products over
the next 36 months. Alco also signed on May 19 a contract with
Colombia One of Egypt for the distribution of complete check point
for Hotels, government buildings, ports, airports and large
companies with its first contract with the Marriott Cairo
airport.
Alco Container Scanning Service is unique in filling the
desperate need for stricter container security and offers the only
solution to the US mandate for 100% inspection of all containers.
The legislation passed in 2006 by the Bush administration and
endorsed by President Obama requires that all ports shipping
containers to the USA need to scan the containers for radiation and
have imagery such as X-Ray and Gamma Ray to get a clear picture of
the content of the container. Alco is currently negotiating with
several countries and ports in South America for its scanning
services. Alco has over 3 billion dollars in proposals to ports and
various government agencies for its Scanning Services.
Alco is now extending its Sea Port scanning service to port of
entry. Alco is negotiating with various countries for border
control and scanning inspection. Alco has over 1 billion dollars in
proposal for such contract.
The Alco GPS tracking system is used to obtain an accurate
position of various types of assets. We also offer a unique service
of monitoring assets for our clients and an analysis of efficiency.
Our system can be used for the following type of assets: Commercial
fleet of vehicles, Private cars, Containers and Inmate
tracking.
Alco Advanced Technologies, Inc.'s business will provide
substantial growth and opportunity in the short term and long term.
Despite the global economic downturn, the security industry remains
strong and the need to secure the supply chain going through sea
ports is a new market with legally mandated security requirements
and a very short time line for implementation. This combination of
factors offers a unique and extraordinary growth opportunity for
Alco.
Although the company files its financials on the Pink Sheet
site, the company is expecting to file audited financial statements
in the near future and become a "reporting" company by the SEC.
Alco press releases are available online through Alco web site
under news and events and Investor relationship. Please visit
www.alco-advanced.com
Safe Harbor Statement:
Except for historical information contained herein, the matters
set forth above may be forward-looking statements that involve
certain risks and uncertainties that could cause actual results to
differ from those in the forward-looking statements. Words such as
"anticipate," "believe," "estimate," "expect," "intend" and similar
expressions, as they relate to the Company or its management,
identify forward-looking statements. Such forward-looking
statements are based on the current beliefs of management, as well
as assumptions made by and information currently available to
management. Actual results could differ materially from those
contemplated by the forward-looking statements as a result of
certain factors such as the level of business and consumer
spending, the amount of sales of the Company's products, the
competitive environment within the industry, the ability of the
Company to continue to expand its operations, the economic
conditions in the industry and the financial strength of the
Company's customers and suppliers. The Company does not undertake
any obligation to update such forward-looking statements. Investors
are also directed to consider all other risks and
uncertainties.
Contact: Thomas Alberson Director Finance & Investor
Relationships Phone number 702-370-0895 Email Email Contact
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