NEW YORK , July 14 /PRNewswire-FirstCall/ -- IDO Security, Inc. (OTC Bulletin Board: IDOI), developer of the innovative MagShoe(TM) "shoes-on" weapons metal detection system, today announced a distribution agreement with Hwan Technology and Trade Co., one of China's largest distributors of walk-through metal detectors. Hwan will lead distribution efforts in mainland China for MagShoe, a patented security screening device for the lower body that instantly and accurately detects weapons and metal items concealed in footwear without requiring the removal of shoes. The agreement marks a powerful entry for IDO Security and MagShoe into the Chinese security market.
"IDO Security's MagShoe represents a significant breakthrough in the market, combining accuracy and convenience to deliver a more complete approach to safety and loss prevention," said Li Yundu, President of Hwan. "We are confident that the MagShoe system closes a critical gap in security screening -- and holds great potential to enhance security measures at airports, stadiums and other high-profile venues and events."
"As commercial demand for MagShoe grows, we continue to partner with the industry's most trusted distributors and system integrators to support a global client base that requires the utmost in security," said Ofer Michalovski, Director of Marketing of IDO Security. "We are proud to partner with Hwan -- one of the most well-respected, well-known names in the Chinese security market -- to make MagShoe available throughout the region."
About Hwan
Hwan Technology and Trade Co. is a leading provider of security equipment for the aviation, municipal, and other sectors. The company is one of China's largest distributors of walk-through metal detectors, and has been the exclusive distributor of industry-leading Rapiscan Metor in mainland China since 1997. www.huaweian.com
About IDO Security
Headquartered in New York with a subsidiary in Israel , IDO Security designs, develops and markets the patented MagShoe(TM) weapons metal detection system. MagShoe fills a critical void in today's metal detectors by extending screening to the lower body and feet. MagShoe's "shoes-on" design maximizes security, thoroughness and accuracy while eliminating the need to remove shoes for increased convenience and safety. Ideal for security and loss prevention at virtually any facility, MagShoe is currently in use at international airports, cruise lines, government agencies, private homes and more. 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.
MEDIA CONTACT: Kevin McLaughlin 609-279-0050 x102 [email protected] COMPANY CONTACT: Michael Goldberg 646-214-1234 [email protected]SOURCE IDO Security, Inc.
