Allied Security Innovations, Inc. (ADSV: OTC Link) | Final Press Release

Final Press Release

Sep 15, 2011

OTC Disclosure News Service

Farmingdale, NJ –

ASII PUBLIC STATEMENT

 

FARMINGDALE, NJ September 15, 2011

Due to its inability to meet obligations to the prior owner of CGM, most of the assets of ASII have been confiscated by the former owner. Despite every effort, the company has been unable to secure financing in order for it to continue its operations.  Therefore ASII will not be able to meet its ongoing obligations and as of September 30, 2011, the Company will cease all operations.

 

The Company has filed its financial statements and notes for the period ending June 30, 2011 and will make its final filing on the OTC Pink Sheets after the end of the third quarter ending September 30, 2011.

 

About Allied Security Innovations, Inc.

The company, based in Farmingdale, NJ, (Symbol: ADSV) 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.

 

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.

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/ADSV/news?id=35707

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