| | IDOI Breaking News IDOI is currently at amazingly low levels compared to last week. Weak investors panicked over a press release that wrongly named IDO Security Inc. (IDOI) in a lawsuit, so now is a great time to act!
IDOI had its biggest volume day ever and made steady gains after it announced it was doing a pilot test program for Illinois State Prison Systems. The market seemed to love news about this new application for IDOI's flagship product the MagShoe.
Today IDOI announced that they have installed the MagShoe in Penitenciarul Poarta Alba Prison in Bucharest Romania. This is potentially setting the example for the worlds other correctional facilities to follow. With IDOI doing a pilot program with USA based prisons and already seeing demand for International Prison facilities we are very excited about the possibility of IDOI being throughout prisons in the USA.
We think this is the beginning of a lucrative trend and you should call your broker now about IDOI while the price is still at low levels! IDOI's price could be 1000% higher if the majority of USA prisons start to use their MagShoe product.
1,000% Increase in Revenue
In March of 2011 Yaniv Beran joined the company as the active general manager. Mr. Berans hands on approach to management, coupled with his technical background have shown immediate results in growing the companys sales dramatically in the last two quarters.
Revenues in the first three months of 2012 were $204,564 compared to $19,161 in 2011, an increase of more than 1,000%. All revenues were derived from sales of IDOI's MagShoe device. Profits increased substantially to over $1.5 Million compared to a net loss of over $2 Million in 2011.
The 1,000% increase came from an increase in sales under Mr. Berans management. We think that there is a lot more room for IDOI to go.
Call your Broker about IDOI today!
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