ASII PUBLIC STATEMENT
FARMINGDALE, NJ – MAY 5, 2011
Allied Security Innovations, Inc. (ASII).
It has come to the attention of ASII that misleading and false
information concerning the status of ASII and its wholly owned subsidiary
CGM-Applied Security Technologies (CGM-AST) has been published on websites
and that a number of its vendors, customers and investors have been
contacted directly by person or persons who have been spreading this
information. The Company
strongly suggests that anyone reading or being contacted take what is being
said about the Company with a “grain of salt”.
ASII, DDSI and its subsidiary, CGM-AST, continue to operate the company in a
“business as usual” manner. Customer orders are being fulfilled along with
all corporate and fiduciary responsibilities.
The Company strongly suggests that anyone requiring additional information
contact Michael Pellegrino, Senior Vice President and CFO at the Company’s
About Allied Security Innovations, Inc.
The company, based in Farmingdale, NJ, (Symbol: ADSV) develops and markets
integrated enterprise-wide image applications specifically designed for
organizations. Customers include states,
cities, counties, corrections, justice, and public safety agencies.
Additional information is available online, at
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
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
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.