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Alco Advanced Technologies, Inc. Introduces Its New Port of Entry Electronic Inspection Service Program
| Source: Alco Advanced Technologies, Inc.
LAS VEGAS, NV--(Marketwire - June 10, 2009) - Alco Advanced Technologies, Inc. (PINKSHEETS : ALCD ) announced today that the Company is extending its Sea Port Inspection
Electronic Container Scanning Service to Port of Entry Electronic
inspection service for border control. The new program will include
inspection for containers as well as any types of vehicles and individuals
crossing countries' borders.
Alco Advanced Technologies, Inc.'s business is diversified in the field of
electronic security. We have 3 main activities: Closed Circuit Television
and Security equipment (CCTV), Containers Inspection and Asset tracking via
Global Positioning System (GPS).
The Alco CCTV product line is complete and offers great quality at very
competitive pricing. Alco offers Digital Video Recorders (DVR). Alco also
offers a complete line of analogue security cameras, IP cameras and Mega
Pixel cameras. The camera line includes Indoor-outdoor cameras, day/night
as well as Pan Tilt Zoom (PTZ) cameras and 360 degree cameras. Alco
announced on May 19, 2009 that it had signed a distribution contract with
American Light of Bogota, Colombia for 6.2 million dollars of CCTV products
over the next 36 months. Alco also signed on May 19 a contract with
Colombia One of Egypt for the distribution of complete check point for
Hotels, government buildings, ports, airports and large companies with its
first contract with the Marriott Cairo airport.
Alco Container Scanning Service is unique in filling the desperate need for
stricter container security and offers the only solution to the US mandate
for 100% inspection of all containers. The legislation passed in 2006 by
the Bush administration and endorsed by President Obama requires that all
ports shipping containers to the USA need to scan the containers for
radiation and have imagery such as X-Ray and Gamma Ray to get a clear
picture of the content of the container. Alco is currently negotiating
with several countries and ports in South America for its scanning
services. Alco has over 3 billion dollars in proposals to ports and
various government agencies for its Scanning Services.
Alco is now extending its Sea Port scanning service to port of entry. Alco
is negotiating with various countries for border control and scanning
inspection. Alco has over 1 billion dollars in proposal for such contract.
The Alco GPS tracking system is used to obtain an accurate position of
various types of assets. We also offer a unique service of monitoring
assets for our clients and an analysis of efficiency. Our system can be
used for the following type of assets: Commercial fleet of vehicles,
Private cars, Containers and Inmate tracking.
Alco Advanced Technologies, Inc.'s business will provide substantial growth
and opportunity in the short term and long term. Despite the global
economic downturn, the security industry remains strong and the need to
secure the supply chain going through sea ports is a new market with
legally mandated security requirements and a very short time line for
implementation. This combination of factors offers a unique and
extraordinary growth opportunity for Alco.
Although the company files its financials on the Pink Sheet site, the
company is expecting to file audited financial statements in the near
future and become a "reporting" company by the SEC.
Alco press releases are available online through Alco web site under news
and events and Investor relationship. Please visit www.alco-advanced.com
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above may be forward-looking statements that involve certain risks and
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forward-looking statements. Words such as "anticipate," "believe,"
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by the forward-looking statements as a result of certain factors such as
the level of business and consumer spending, the amount of sales of the
Company's products, the competitive environment within the industry, the
ability of the Company to continue to expand its operations, the economic
conditions in the industry and the financial strength of the Company's
customers and suppliers. The Company does not undertake any obligation to
update such forward-looking statements. Investors are also directed to
consider all other risks and uncertainties.