February 16, 2009
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ALLIED SECURITIES INNOVATION’S STRETCH WRAP
SECURE™ A BIG SUCCESS!
WALL TOWNSHIP, NJ –(Business Wire) –
February 16,2009 -Allied
Security Innovations (OTCBB “ASVN”), through its wholly owned subsidiary,
CGM-AST, announced Stretch Wrap Secure™ is exceeding the company’s
highest projections. The product was designed for worldwide clients to satisfy
their growing need to quickly identify, and provide tamper evidence for stretch
According to CEO Anthony Shupin,
”The timing of the product release was perfect in light of the US Transportation
Safety Administration’s requirements for 100% cargo inspection of all cargo
shipped via commercial airlines. We thought that the characteristics designed
into this unique security device for stretch wrapped pallets would be effective,
and we are being proven right.”
The market for Stretch Wrap
Secure™ is estimated to be worth many millions of dollars and until now,
there has been no consistent competitor on the market to utilize tamper-evident
tapes or labels due to the chemical characteristics of the stretch wrap.
“Stretch Wrap Secure™” has not failed to indicate tamper evidence on every
stretch wrap tested.
“Stretch Wrap Secure requires
no tools for application, can be customized to provide quick identification of
products and whether they have been tampered with or pilfered and is the most
cost-effective method for securing palletized cargo that we know of”, states Bob
Frucci, Director for North America at CGM-AST. “The manufacturers and shippers
benefit from a liability and productivity standpoint. And the product can be
instrumental in reduced inspections, less transit delays and enhanced
security.” Gina Levinson, Director for International Channel Development
comments, “We are experiencing a high degree of interest from our International
clients shipping to the US. It is easy to use…and it works.”
CGM-AST remains the global leader in
Tamper-evident security products. Company officials estimate this new product
represents a multi-million dollar opportunity.
For more information on how Stretch
Wrap Secure may be incorporated into tamper evident security systems, contact
Bob Frucci, CGM-AST Director for North America at 800-899-2246 or International
please contact Gina Levinson +732.751-1044.
About Allied Security Innovations, Inc.
The company, based in Farmingdale, NJ, develops and markets integrated
applications specifically designed for criminal justice
organizations. Customers include states, cities, counties, corrections, justice,
and public safety agencies. Additional information and a New President’s
Letter is available online, at
subsidiary, CGM Applied Security Technologies, Inc., with
locations in Farmingdale, NJ and a factory in Staten Island, NY, is a leading
manufacturer and distributor of Homeland Security products, including indicative
and barrier security seals, security tapes and related packaging security
systems, protective security products for palletized cargo, physical security
systems for tractors, trailers and containers, as well as a number of highly
specialized authentication products. Additional information is available online,
Statement Under the Private Securities Litigation Act of 1995 - With the
exception of historical information, the matters discussed in this press release
are forward-looking statements that involve a number of risks and uncertainties.
The actual future results of the Company could differ significantly from those
statements. Factors that could cause actual results to differ materially include
risks and uncertainties such as the inability to finance the company’s
operations or expansion, inability to hire and retain qualified personnel,
changes in the general economic climate, including rising interest rate and
unanticipated events such as terrorist activities. In some cases, you can
identify forward-looking statements by terminology such as "may," "will,"
"should," "expect," "plan," "anticipate," "believe," "estimate," "predict,"
"potential" or "continue," the negative of such terms, or other comparable
terminology. These statements are only predictions. Although we believe that the
expectations reflected in the forward-looking statements are reasonable, such
statements should not be regarded as a representation by the Company, or any
other person, that such forward-looking statements will be achieved. We
undertake no duty to update any of the forward-looking statements, whether as a
result of new information, future events or otherwise. In light of the
foregoing, readers are cautioned not to place undue reliance on such
forward-looking statements. For further risk factors associated with our
Company, review our SEC filings.