Scottsdale 10/19/2010 10:55:48 PM
News / Finance

IDO Security, Inc. (IDOI.OB) Announces Participation in Israeli Homeland Security Business Delegation to Brazil

QualityStocks would like to highlight IDO Security (OTCBB: IDOI). Headquartered in New York, with a subsidiary in Israel, IDO Security designs, develops, and markets the patented MagShoe™ weapons metal detection system. MagShoe™ fills a critical void in today's metal detectors by extending screening to the lower body and feet.

In the company’s news Monday,

IDO Security, Inc. announced that it took part in the Israeli Homeland Security Business Delegation to Brazil. Senior airport and transport security officials from Brazil and other Latin American countries, such as Mexico, Panama, Colombia, Peru, and Argentina, visited Israel to seek technologies and collaborations with Israeli security companies.

“The delegation was a great platform for us to showcase the new MagShoe™ 3G directly to Brazilian security officials including the Aviation Authorities, the Justice Ministry and the Mayor’s Office as well as representatives of the Advisory Committee and senior officials from the COB (Brazilian Olympics Committee),” commented Dani Werber, International Sales & Marketing Manager for IDO Security and the Company’s representative at the delegation.

Mr. Werber added, “As more and more countries continue to increase security at various venues and checkpoints, airports and government facilities will not be the only locations that will utilize the MagShoe™ 3G. The World Cup and Olympic Games are perfect examples of venues where the MagShoe™ 3G can ensure safety among employees, players, and millions of fans that attend these events from all over the world.”

Brazil anticipates hosting several major international sporting events in the coming years, including the 5th CISM (International Military Sports Council) Military World Games in 2011, with about 110 nations and 7,500 participants, the Soccer World Cup in 2014 and the 2016 Olympic Games, followed by the 15th Summer Paralympics Games. Over $30 Billion will be spent to develop, build and upgrade infrastructure, with approximately $3 Billion going to the Homeland Security sector, providing IDO Security and MagShoe(TM) 3G an excellent opportunity to increase sales and expand influence.

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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.