Business
NOTICE TO CLIENTS, INVESTORS AND SHAREHOLDERS
NOTICE TO CLIENTS, INVESTORS AND SHAREHOLDERS.
About this update from Allied Security Innovations Inc
[{"type":"text","content":"NOTICE TO CLIENTS, INVESTORS AND SHAREHOLDERS FARMINGDALE, NJ – APRIL 8, 2011 - Allied Security Innovations, Inc. (ASII) finds it proper and necessary to issue this release to inform its clients, investors and shareholders of its position in light of the article posted in the April 5, 2011 PIPE’s REPORT. Much of what has been reported is untrue and is misleading in that it does not accurately describe either the historical events or current status. After several attempts to resolve violations to the acquisition agreements, ASII was compelled to file suit against Mr. Erik Hoffer to protect the Company, its customers and its investors. ASII contends that Hoffer initiated a concerted effort to impact Company performance to such a pervasive degree as to cause a default of a final balloon payment. We expect to prove in court that Hoffer, along with his co defendant Navatech, joined forces to undermine the reputation of the company by diverting business, unfairly competing and interfering with customer and investor relationships. Though not the least of the distortions found in the article, is that which is written regarding ASII fulfilling its payments. ASII has never missed payments to investors as was reported. At trial ASII will provide evidence of the pervasive efforts of the defendants to damage the company for the express purpose of causing a reversion of the company to its seller. Mr. Hoffer’s statements to the press are proof of his continuing efforts to damage the company. 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. 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 contain...