Magal Announces Participation in Two Upcoming Security Trade Shows
23 September 2004 - 3:00PM
PR Newswire (US)
Magal Announces Participation in Two Upcoming Security Trade Shows
YAHUD, Israel, September 23 /PRNewswire-FirstCall/ -- Magal
Security Systems, Ltd. (NASDAQ:MAGS)(TASE:MAGS), today announced
that it will be participating in two upcoming security trade shows:
the ASIS show in Dallas, Texas from September 27-30, and the ESSEN
show in Germany from October 5-8. At the ASIS trade show, Magal and
its subsidiaries will be operating three booths. The first booth
will be operated by Perimeter Products Inc (booth 1409), the second
by Senstar Stellar Inc (booth 2509), and the third booth will be
dedicated to the new innovative product - DreamBox (booth 746).
Magal's recently released DreamBox, is a state-of-the-art embedded
hardware and software product, which integrates a number of video
surveillance related applications into one box. DreamBox is
designed to be price competitive, compact to save space, and easy
to install by avoiding a complicated system cabling installation
and software integration. The product is marketed both towards
corporate and to governments for homeland security. The company
recently announced initial sales of the product. At the ESSEN trade
show, which is one of the largest security shows in Europe, Magal
and its subsidiaries will be presenting the product range at
Senstar GmbH's stand (Hall 2 stand number 2-411). About Magal
Security Systems, Ltd.: Magal Security Systems Ltd. (Magal) is
engaged in the development, manufacturing and marketing of
computerized security systems, which automatically detect, locate
and identify the nature of unauthorized intrusions. Magal also
supplies Video Monitoring Services through Smart Interactive
Systems, Inc., a subsidiary established in the U.S. in June 2001.
The Company's products are currently used in more than 70 countries
worldwide to protect national borders, airports, correctional
facilities, nuclear power stations and other sensitive facilities
from terrorism, theft and other threats. Israeli-based Magal has
subsidiaries in the U.S., Canada, the U.K., Germany, Romania,
Mexico and an office in China. Revenues for fiscal year 2003 were
$59.4 million, with net income of US$2.4 million. Magal shares have
traded in the U.S. on the NASDAQ National Market since 1993 and in
Israel on the Tel-Aviv Stock Exchange (TASE) since July 2001, both
under the symbol MAGS. This press release contains forward-looking
statements, which are subject to risks and uncertainties. Such
statements are based on assumptions and expectations which may not
be realized and are inherently subject to risks and uncertainties,
many of which cannot be predicted with accuracy and some of which
might not even be anticipated. Future events and actual results,
financial and otherwise, may differ from the results discussed in
the forward-looking statements. A number of these risks and other
factors that might cause differences, some of which could be
material, along with additional discussion of forward-looking
statements, are set forth in the Company's Report on Form 8-K filed
with the Securities and Exchange Commission. Contacts: Company
Investor Relations Magal Security Systems, Ltd Gelbart Kahana
Investor Relations Raya Asher, CFO Ehud Helft/Kenny Green Tel:
+972-3-5391444 Tel: +1-866- 704 6710 Fax: +972-3-5366245 E-mail:
E-mail: DATASOURCE: Magal Security Systems Ltd. CONTACT: Contacts:
Company, Magal Security Systems, Ltd, Raya Asher, CFO, Tel:
+972-3-5391444 Fax: +972-3-5366245 E-mail: Investor Relations,
Gelbart Kahana Investor Relations, Ehud Helft/Kenny Green, Tel:
+1-866-704-6710 E-mail:
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