NEW YORK, Sept. 5 /PRNewswire-FirstCall/ -- IDO Security Inc., (OTC Bulletin Board: IDOI) a provider of innovative solutions for the homeland security market including the MagShoe(TM) high speed shoes-on portable footwear weapons detection system, today announced that John P. Mitola has been appointed to the board of directors.
"John's experience as Chairman of the Illinois Toll Highway Authority, where he oversees one of the largest transportation agencies in North America , brings us an individual who has achieved spectacular success in initiating change that turned a hidebound bureaucracy into a customer focused service organization that has become famous for both speeding up and making transportation safer for individuals," said Michael Goldberg , President of IDO Security Inc. "What he and his team have accomplished is a model for one of the goals we intend to accomplish at IDO: improving the travel experience for millions of individuals by deploying the MagShoe(TM) with public and private transportation and government agencies throughout the world."
"There are two core components at IDO Security that make me very excited to join the board," said John P. Mitola. "The first is the ability of IDO Security's technology to speed and transform the security screening process in a way that provides benefits not only for individuals, but also for transportation agencies around the world. Faster screening generates cost savings. My experience at the toll authority has shown that improving the customer experience while generating cost savings is a profoundly attractive combination. The second component at IDO -- and one that my experience in business and private equity has shown to be truly vital in a business with the potential for rapid growth -- is that IDO Security has a truly innovative technology developed in the harsh incubator of the Israeli security threat environment that meets a real unmet need for improved rapid yet completely thorough screening at a vast range of facilities and venues worldwide."
John Mitola is a managing partner with Kingsdale Capital International, a
private equity and capital advisory firm specializing in merchant banking,
leveraged buyouts and corporate finance. Mr. Mitola also currently serves as
Chairman of the Illinois Toll Highway Authority and was formerly CEO of
Electric City Corp from January 2000 to February 2006 . He has over 20 years
of experience in the energy and environmental industries, real estate
development, venture capital, engineering and construction. Mr. Mitola was
appointed to chair the board of the Illinois State Toll Highway Authority by
Governor Rod Blagojevich in March 2003 and has served in that capacity since
that time. The Illinois Tollway is one of the largest agencies in Illinois
and is one of the largest transportation agencies in North America -- with a
About IDO Security
IDO is engaged in the design, development and marketing of devices for the homeland security and loss prevention markets for use in security screening to detect metallic objects concealed on or in footwear, ankles and feet through the use of electro-magnetic fields. These devices were designed specifically for applications in the security screening to complement the current methods for the detection of metallic items during security screenings and at security checkpoints in venues such as airports, prisons, schools, stadiums and other public locations and other venues requiring individual security screening IDO's sole commercial product, "MagShoe" has been issued one patent by the United States Patent and Trademark Office in November 2005 covering various aspects of its unique technology and there is one patent application pending in Israel . In January 2006 , the MagShoe was approved for use by the Department for Transport in the United Kingdom , after fields trials were conducted for the Home Office's Police Scientific Development Branch. In addition, IDO has been certified by the International Organization for Standardization ("ISO") under ISO 9001:2000 compliance for the design, development and manufacture of electronic, electro-optic and electro-mechanical systems
For more information please visit us at www.idosecurityinc.com
Forward Looking Statements:
A number of statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended. A safe-harbor provision may not be applicable to the forward-looking statements made in this press release because of certain exclusions under Section 27A (b). These forward-looking statements involve a number of risks and uncertainties, including the sufficiency of existing capital resources, uncertainties related to the development of IDO's business plan, and the ability to secure additional sources of financing. The actual results that IDO may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. IDO encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-KSB and Form 10-QSB.
Contact: Michael Goldberg , 646-214-1234, firstname.lastname@example.org
SOURCE IDO Security Inc.