Scottsdale 11/3/2010 10:50:07 PM
News / Finance

IDO Security, Inc. (IDOI.OB) Announces First MagShoe(TM) 3G Order to Spain

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 yesterday,

IDO Security, Inc. announced that the company will be fulfilling an order from Spain for its new MagShoe™ 3G units. The MagShoe’s anticipated destination is the new private Corvera Castellon Airport near Valencia, Spain.

“We are thrilled to receive our initial order for the new MagShoe™ 3G from our agent in Spain, Proselec. They have also indicated additional orders to follow in the coming months once the initial units are in place and operating,” commented Dani Werber, International Sales & Marketing Manager for IDO Security, Inc. “Spain is a strong believer in the safety and comfort of their country and its people and we believe IDO Security will be able to provide such measures for all that travel through the Castellon Airport.”

“We continue to see strong interest within the aviation sector across the globe and as security threats remain high in airports, we believe other countries will begin to see the need to not only provide safety and security for the millions of passengers that travel to and from these countries, but also to provide a faster and more convenient method of passing through the airport security checkpoints,” continued Werber. “The MagShoe can easily be incorporated with existing screening devices that are already in airports and, unlike the recent concerns expressed over other screening technologies, the MagShoe is non-invasive nor harmful to the body.”

According to the press release, the newly developed airport will be capable of handling approximately 3 million passengers every year, with expandability for up to 12 million passengers a year. The MagShoe™ will speed up the security process at the airports’ checkpoints by eliminating the need for passengers and airport staff to take off their shoes for manual inspection, allowing a more comfortable and secure check-in process.

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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.