NEW YORK, NY -- (Marketwire) -- 04/27/12 -- IDO Security Inc. (OTCBB: IDOI), developer of the innovative MagShoe™ shoe scanning device (SSD), today announced that its MagShoe has made the list of Israel's top 64 innovations as the country celebrates its birthday.
Founded 64 years ago, Israel was a desolate country with more than half of its land mass being a desert with no natural resources and little water. The only thing the country had going for itself was the natural creativity of its people. Today, the Israelis have turned their country into an oasis of technology and innovation. With the most startups per capita worldwide, and the third highest number of patents per head, Israel has become one of the leading players in the world of high-tech innovation, attracting international giants to its shores.*
Michael Goldberg, President of IDO Security, said, "It is a privilege to have the MagShoe listed as one of the top innovations at the turn of Israel's 64th birthday. The technologies coming out of Israel play such a vital role in addressing many issues our world faces today from environmental to security, and we will continue to do our part in providing a high-security, non-invasive and convenient security screening technology that fills the void in existing full-body detectors being used around the world today."
* http://israel21c.org/technology/innovation/made-in-israel-the-top-64-innovations-developed-in-israel/
About IDO Security, Inc.
Headquartered in New York with a subsidiary in Israel, IDO Security designs, develops and markets the patented MagShoe™ shoe scanning device (SSD), filling a critical void in today's 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; neither invasive nor harmful to the body as some of the other screening devices currently used in the marketplace. Ideal for security and loss prevention at virtually any facility, MagShoe™ is currently in use worldwide at international airports, cruise lines, government agencies, correctional facilities, mints and more.
For more information on the Company, please visit: http://www.idosecurityinc.com
This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections about our business and our industry, and that reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based upon our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed as a result of a number of factors, including but not limited to, anticipated trends and challenges in our business and the markets in which we operate, the ultimate market acceptance of our products, the sufficiency of existing capital resources, our plans for future products and enhancements of existing products, the ability to secure additional sources of financing, general economic conditions, the availability of competing products and changes in technology, legislative or regulatory changes that affect us and the risks and uncertainties discussed under the heading "RISK FACTORS" in Item 1A of IDO's Annual Report on Form 10-K for the year ended December 31, 2011, and in our other filings with the Securities and Exchange Commission at www.sec.gov. We undertake no obligation to revise or update any forward-looking statement for any reason.
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