IDO Security, Inc. Hires Former Kodak Sales Executive to Initiate Distributor Activity in Latin America
© Marketwire 2009
23.11.2009 14:25:30
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( www.idosecurityinc.com : http://www.idosecurityinc.com ), developer of the innovative MagShoe(TM)
"shoes-on" weapons metal detection system, announced today that the company
has retained Eduardo Bursztyn, former Regional Sales manager for Kodak-leaf
in Latin America, to assist in creating its distribution system throughout
the Latin American marketplace.
"We believe it is time to broaden our focus from Asia and Europe and begin
to concentrate on this huge and untapped marketplace," said Dani Werber,
International Sales and marketing manager for IDO Security.
Mr. Werber further stated, "According to the recently published report from the
Security Industry Association : http://www.siaonline.org/content.aspx?id=6084 (SIA), the security market is a $430
million annual market in Mexico alone and we can no longer ignore this
market in its entirety."
Mr. Bursztyn, a native Argentinian with over 25 years experience in this
marketplace, stated, "The Latin America marketplace with its growing
awareness of security issues as well as its growing population, makes it an
ideal market for such an invaluable security tool as the MagShoe(TM). I
look forward to bringing such a needed device to this market."
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About IDO Security:
Headquartered in New York with a subsidiary in Israel, IDO Security
designs, develops and markets the patented, UL-certified MagShoe(TM)
weapons metal detection system. MagShoe(TM) fills a critical void in
today's metal detectors by extending screening to the lower body and feet.
MagShoe's unique "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(TM) is currently in use at international airports,
cruise lines, government agencies, prisons and more. www.idosecurityinc.com : http://www.idosecurityinc.com
Forward-Looking Statements:
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 no
limited to, the sufficiency of existing capital resources, uncertainties
related to the development of IDO's business plan, the ability to secure
additional sources of financing, general economic conditions, the
availability of competing products and the ultimate market acceptance of
our products, 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, 2008, and in our other filings with the Securities and
Exchange Commission. We undertake no obligation to revise or update any
forward-looking statement for any reason.
COMPANY CONTACT:
Michael Goldberg
646-214-1234
Email Contact : http://www2.marketwire.com/mw/emailprcntct?id=CFB27AA76381250A
MEDIA CONTACT:
Mike Elliott
Email Contact : http://www2.marketwire.com/mw/emailprcntct?id=5C2E2F1F2C69A32F
