LAS VEGAS, NV -- (Marketwire) -- 06/10/09 -- 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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