April 29,
2010
Contact
Investor Relations
Michael
Pellegrino 732-751-1115
ALLIED SECURITY INNOVATIONS SEEING REBOUND IN 2010
FARMINGDALE,
NJ – Allied Security
Innovations (OTCBB “ADSV”) owner of CGM-AST, a leading manufacturer of
tamper-evident security products, is experiencing a strong order surge in 2010.
“The
market demand for our supply chain security products seem to be rebounding after
last year’s low levels”, states Anthony Shupin, CEO. “2009 was dismal. However,
we are seeing what the National Retail Federation predicted. They
expected to see three straight months of gains in early 2010, ending more than
two years of declines, according to the monthly Port Tracker report released by
the National Retail Federation (NRF) and IHS Global Insight. Container traffic
is a good indicator of our business since we secure what is in the container as
well as the containers themselves.”
“With the
increased demand for our anti-theft and counter-terrorism tamper-evident
products, we are also seeing many more companies flooding the market with
products that claim to be tamper-evident or security products. The fact that we
have retained our client base…even expanded it…is a testimony to the design of
our products. Our tapes, labels, pallet protection and container protection
products are truly designed to be the best closure security devices on the
market today.”
Allied
Security Innovations, Inc., and its CGM-AST subsidiary design, manufacture and
distribute products to secure unattended assets, and provide authentication and
identification techniques throughout the supply chain. A recognized leader in
Tamper Evident Security devices, CGM-AST produces SECURE T.R.A.C.® pressure
sensitive labels and tapes, ToppClip ® pallet security systems and has just
announced Stretch Wrap Secure©, Crate Secure© and Carton Secure©, innovative new
products for use on stretch film, packaging crates and recycled cardboard
packaging.
For
more information on how Allied Security Innovations tamper-evident products may
be incorporated into security systems, call 800-899-2246 or International please
contact Gina Uzzolino +732-751-1044.
About
Allied Security Innovations, Inc.
The company,
based in Farmingdale, NJ, develops and markets integrated enterprise-wide image
applications specifically designed for criminal justice
organizations. Customers include states, cities, counties, corrections, justice,
and public safety agencies. Additional information is available online, at
www.ddsi-cpc.com.
Its 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, at
www.cgm-ast.com.
Safe
Harbor Statement:
Safe Harbor
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.