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PRESS RELEASE

October 26, 2010

Contact Investor Relations

Michael Pellegrino 732-751-1115          

ALLIED SECURITY INNOVATIONS RECOVERY PLAN SOLID AS OPERATING PROFITS SEE DRAMATIC INCREASE

FARMINGDALE, NJ – Allied Security Innovations and CGM-AST, Allied’s wholly owned subsidiary, announce an increase in operating profits compared to third quarter 2009.  Through September of 2010, the company has generated $338,407 in operating profit, compared to a loss of $227,031 reported for the same period in 2009, an increase of 338%. 

 

“We are pleased to report this increase”, states Anthony Shupin, CEO of Allied Security Innovations.  “2009 was a difficult year to overcome, but we have reduced our expense levels by over 27%, and are experiencing an increase in orders booked.  Year to year, our business booked has increased by 16%, $3,022,783 in 2010 versus $2,594, 964 in the same period in 2009.  There remains a strong market pull for tamper-evident products, and our brand of tapes and labels are world renowned.”

 

Company CFO, Michael Pellegrino adds, “We are managing to the gross margin, and continue to maintain a steady product profit in spite of increasing competition and raw material shortages.  The control of our expenses has enabled us to sustain our viability.  Factory production remains our focus in the quarter ahead.  Timely delivery of our products will ensure reaching our revenue goals for 2010.”

 

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 Carton Secure© an innovative new product for use on environmentally sensitive packaging.

 

For more information on how CGM-AST products may be incorporated into tamper evident security systems, contact Gina Uzzolino at 732-751-1044.

 

The numbers in this statement are unaudited at time of release.

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.