Icts International N.V (MM) (NASDAQ:ICTS)
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ICTS International N.V. (NASDAQ: ICTS) today reported
that it is entering into the railroad security business which will be
headed by Mr. H. Graf, who has had ten years experience in the field
and is considered a world leader in railroad security. The new
division under Mr. Graf is actively marketing its products to the rail
and transportation market and is under negotiation with several
significant potential customers. The Company expects contracts to be
announced in the near future. Mr. Menachem Atzmon, Chairman of the
Supervisory Board of ICTS, stated that he "sees great potential in the
rail and land transportation market and sees this activity as an
important component in the future of the Company." Mr. Atzmon further
stated that Mr. Graf's knowledge and experience in the important area
of rail security will also be used in connection with ICTS's ongoing
operations in other security fields.
For the past ten years Mr. Graf has headed the Israeli railways
security division, during which time he developed and implemented an
entire concept of rail security, covering terminals, stations
infrastructure, cargo, passenger, procedures, man power, training
hardware and software.
About ICTS:
ICTS has interests in a variety of businesses and ventures. Its
current principal activity consists of providing manpower based
aviation security services in the Netherlands and non-security related
manpower based general aviation services in the USA. Its other
activities consist primarily of developing integrated technological
solutions designed for enhancing the processing time of passengers at
airports and other gateways and establishing and operating
motion-based entertainment theaters in the USA.
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
regarding the Company's business strategy and future plans of
operations. Forward-looking statements involve known and unknown risks
and uncertainties, both general and specific to the matters discussed
in this press release. These and other important factors, including
those mentioned in various Securities and Exchange Commission filings
made periodically by the Company, may cause the Company's actual
results and performance to differ materially from the future results
and performance expressed in or implied by such forward-looking
statements. The forward-looking statements contained in this press
release speak only as of the date hereof and the Company expressly
disclaims any obligation to provide public updates, revisions or
amendments to any forward-looking statements made herein to reflect
changes in the Company's expectations or future events.