2008-07-09 15:02:07 -
- Allied Security Innovations (OTCBB:ASVN) and CGM-AST, Allied's wholly owned subsidiary, announce record sales for the month of June.
Sales for June were over $745,000.00 and demand remains strong for new products that the company has introduced. "Our product line is stronger than it has ever been," stated Anthony Shupin, CEO. "Our growth will continue as we increase our
product line with new and innovative products and the demand for these products increase. During the past year we have built a strong competitive edge, designing and producing products that have no equal in our industry."
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.(R) pressure sensitive labels and tapes, ToppClip(R) pallet security systems and has just announced Stretch Wrap Secure(C), an innovative new product for use on stretch film.
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 rates 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.
Allied Security Innovations
Investor Relations
Michael Pellegrino, 732-751-1115
