Scottsdale 11/9/2010 3:05:38 AM
News / Finance

IDO Security, Inc. (IDOI.OB) Announces National Distribution Agreement with JEI, Inc. and Submission of MagShoe(TM) to the GSA

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 today,

IDO Security announced a distribution deal with JEI, Inc. for the United States. As part of that deal, JEI has submitted the MagShoe™ to the U.S. General Service Administration (GSA) for approval and ultimate sale to various Federal Agencies throughout the nation.

“We have been searching for a high level U.S. Distributor with a solid and long standing imprint in the Federal and State Government marketplace for the MagShoe™ for some time and we are very excited to have found such a company to work with. JEI, Inc. brings decades of experience to the table working with a wide range of public sector clients providing them with cutting edge security solutions,” stated Mr. Michael Goldberg, CEO of IDO Security.

Mr. Goldberg added, “Through JEI we have submitted our application to the GSA to become an approved vendor for the U.S. Government and further expand our market presence finally bringing the MagShoe™ to the United States. This will be a major milestone for the company. Once approved by the GSA, we open a world of opportunity. United States Embassies around the world as well as all federal buildings, including prisons, court houses, armed services bases and of course airports will become markets for us once approved. We believe the new security threats coupled with the growing older threats highlight the necessity for the use of such a low cost and highly valuable solution such as the MagShoe™ at all security checkpoints to help address and combat the ever growing security threats facing our nation.”

“We are extremely excited to have been chosen by IDO to bring the MagShoe™, which we believe to be such a high level and much needed security device, to the attention of the U.S. Government as well as state and local governments. Once we secure the GSA approval, we will begin to market to the various Federal Agencies and in the interim, we will be gearing up for all of the other markets that we feel are so viable in today’s ever increasing security conscious marketplace,” commented JEI President, Jack Mahoney.

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