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IDO Security, Inc. (IDOI.OB) Announces Distributor Agreement with ORMAX Tecnologia em Seguranca

|Includes: IDO Security, Inc. (IDOI)

IDO Security, Inc., developer of the innovative MagShoe™ shoe scanning device, announced this morning that it has entered into a distributor agreement with ORMAX Tecnologia em Segurança as part of its marketing efforts in the Brazilian market.

“This is a totally new market for the MagShoe™ with great potential and as such we have looked to cooperate with a serious player in the Brazilian market. Ormax is the perfect partner, with a large Homeland Security related client base, proven sales capabilities, local assembly and production capabilities and years of experience in the Brazilian security market. Our cooperation is very close and we expect results relatively soon,” commented Mr. Dani Werber, Sales & Marketing Manager for IDO Security, Inc.

“We see great potential for MagShoe™ in Brazil and Latin America,” Mr. Avi Dvir, CEO of Ormax, stated. “As a leading supplier of Homeland Security equipment to many different police and security agencies in the region we know that this solution is the link that was missing for our clients to have a much higher level of security in their operations.”

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