From the Wires
IDO Security's Chinese Distributor Hwan Technology & Trade Co. Presenting MagShoe at Security China 2012
By: Marketwired .
Nov. 30, 2012 04:01 PM
NEW YORK, NY -- (Marketwire) -- 11/30/12 -- IDO Security Inc. (OTCBB: IDOI), developer of the innovative MagShoe shoe scanning device (SSD), today announced that its Chinese distributor, Hwan Technology & Trade Co., will be demonstrating the MagShoe at the upcoming 11th Annual China International Exhibition on Public Safety & Security, Security China 2012 in Beijing, China December 3-6.
Security China 2012 is sponsored by The Chinese Ministry of Public Security, The Ministry of Science & Technology, the Office on Anti-terrorism, as well as the Beijing Municipal Public Security Bureau. It is the largest homeland security exhibition in China, and will provide a major platform for exhibitors to meet the government level buyers and high management for purchasing in different industries. Approximately 1,000 exhibitors from China and other countries, including USA, Canada, U.K., Germany, Korea, Japan, Taiwan, Hong Kong, will greet more than 150,000 visitors from China and neighboring countries.
Currently, China's civil aviation authority is planning significant expansion for local Chinese airports, and IDO Security's distributor, Hwan is working to incorporate the MagShoe into the security routine at the new airports. Security China is an excellent opportunity for Hwan to demonstrate the MagShoe to a broad audience of Chinese decision makers.
The president of the Civil Aviation Administration of China, Mr. Li Jiaxiang, said, "China shall develop its airports with appropriately advanced policy. The Planning showed that in the 'Twelfth Five-Year Plan' period, the number of airports by 2015 will reach 230 or more. China will build 70 new airports, relocate 16 airports and reconstruct or expand 91 airports. The infrastructure investment will reach 425 billion in the aviation industry."
Attar Rozenrot, IDO Security's Marketing Manager, commented, "China has been a key market for IDO since 2008. Hwan has proven itself as a powerful distributor of the MagShoe for a variety of installations. We welcome the growth of the local Chinese aviation industry as a key step to further expand IDO's footprint in China."
For more information on Security China 2012, visit:
About IDO Security, Inc.
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, our expectations regarding our expenses and revenue, 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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