Allied Security Innovations Announces New Stock Symbol
15 Juillet 2009 - 3:40PM
PR Newswire (US)
FARMINGDALE, N.J., July 15 /PRNewswire-FirstCall/ -- Allied
Security Innovations, Inc. (OTC:ADSV) (BULLETIN BOARD: ADSV)
manufacturers of security products, announced that on July 10,
2009, it was notified by the FINRA, the body governing the OTC
Bulletin Board, that its request for a 1 for 1,000 reverse split of
its issued and outstanding common stock had been processed and that
the FINRA had assigned ADSV to be the new trading symbol for the
Company's common stock. The assignment was effective as of the open
of business on July 13, 2009. "We believe that this new development
is in the best interest of the company. With the reverse, our price
per share could rise significantly which may make the shares more
attractive to prospective investors, and enable us to gain more
traction in the public market," states Anthony R. Shupin, CEO and
President. "We believe that our CGM-AST products are the best
tamper-evident security products in the industry and that we have
focused the company on a market that continues to show demand. We
have put personnel in place that will enable us to achieve those
goals, even in this tough economy." About Allied Security
Innovations, Inc. Allied Security Innovations, Inc., (ASI) provides
homeland security products and proprietary criminal justice
software to over 3,000 clients worldwide. It is composed of the
original DDSI Company, a public company since 1995, and its wholly
owned subsidiary, CGM-Applied Security Technologies, Inc.,
(established in 1978). With manufacturing in Staten Island, NY, ASI
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. Allied Security Innovations,
Inc. is a fully reporting company whose stock trades on the OTC
Bulletin Board under the symbol "ADSV". For information contact
Investor Relations 1-800-899-2246 or http://www.cgm-ast.com/. Safe
Harbor Statement: This press release contains certain
forward-looking statements. These forward-looking statements can
generally be identified as such because the context of the
statement will include words such as the Company plans, expects,
should, believes, anticipates or words of similar import.
Stockholders, potential investors and other readers are cautioned
that these forward-looking statements are predictions based only on
current information and expectations that are inherently subject to
risks and uncertainties that could cause future events or results
to differ materially from those set forth or implied by the
forward-looking statements. Certain of those risks and
uncertainties are discussed in the Company's annual report on Form
10-K and include, but are not limited to, market acceptance of the
Company's planned products and their level of sales, access to the
capital necessary to finance and grow the business, a highly
competitive environment in the security field that includes
numerous large and well established companies much larger than
ours, and our ability successfully to deploy our technologies and
products to meet the technical demands and market requirements of
our customers. These forward-looking statements are only made as of
the date of this press release and Allied Security Innovations does
not undertake any obligation to publicly update such
forward-looking statements to reflect subsequent events or
circumstances. DATASOURCE: Allied Security Innovations, Inc.
CONTACT: Mr. Michael Pellegrino of Allied Security Innovations,
Inc., +1-732-751-1115, Web Site: http://www.cgm-ast.com/
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