ICTS International N.V.: Company Receives Security Contracts in European Airports
26 August 2005 - 1:14AM
Business Wire
ICTS International N.V. (NASDAQ: ICTS), a leading provider of
advanced security services, reported today that its wholly owned
subsidiary, International Security BV (I-SEC), has received two
contracts from a major airline for security services in two major
cities in Europe. The contracts commence in October 2005. Mr.
Menachem Atzmon, Chairman of ICTS, stated, "This is a significant
breakthrough in ICTS's re-entering into the airport security market
in Europe following the announcement made earlier this year." He
further stated that he "expects that more contracts will be
obtained in Europe in the near future." About ICTS ICTS 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
security activities consist primarily of the development of
integrated technological solutions designed to reduce processing
time of passengers at airports while maintaining high security
level and other products to enhance security services in
non-aviation security services. ICTS has interests in a variety of
businesses and ventures including the establishment and the
operation of motion-based entertainment theatres 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.
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