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Alco Advanced Technologies, Inc. Entered into an Agreement with ICS2 International, LLC; a Security Consortium Working on the Proposed Integrated BOT Security Screening Project for the Kurdistan Regional Government (KRG) |
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LAS VEGAS, NV, Jun 15, 2009 – Alco Advanced Technologies, Inc. (PINKSHEETS: ALCD) announced today that the Company has successfully signed an agreement with ICS2 International, LLC; a private security consulting consortium working in Iraq and the Middle East. ICS2 is the project assessment development and negotiation firm for a BOT (Build Own Transfer) with Eurabco Consultancy represented by the director general Mr. Mushir Balta. Eurabco is an authorized negotiator and purchaser on behalf of the Kurdistan Regional Government in the field of security equipment and services. Alco will supply a complete turnkey security screening service consisting of 10 checkpoints including the Ibrahim Khallel Border crossing, Haji Orman Iran Border Crossing, and 8 other internal checkpoints. |
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Alco Advanced Technologies, Inc. has secured financing to increase sales capability in South America. |
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LAS VEGAS, NV, Jun 12, 2009 – Alco Advanced Technologies, Inc. (PINKSHEETS: ALCD) announced today that the Company has successfully secured financing with International Bio-Dynamics SA for its CCTV product Sales. With this financing Alco is positioned to increase its sales capability in South America. More importantly this has allowed Alco to complete its first shipment of CCTV products in fulfillment of its contract obligations with American Light of Bogota, Colombia. Alco will be shipping over $250,000 in CCTV products to American Light in the month of June. This contract is a continuous fill contract for a period 36 months that can be extended as required. |
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Alco Advanced Technologies, Inc. Introduces Its New Port of Entry Electronic Inspection Service Program. |
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LAS VEGAS, NV, Jun 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. |
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Alco Advanced Technologies, Inc. entered into a partnership agreement with Colombia One a Leading Security Integration company in Egypt. |
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LAS VEGAS, NV, May 29, 2009 – Alco Advanced Technologies, Inc. (PINKSHEETS: ALCD) announced today that the Company has successfully entered into a partnership agreement with Colombia One a leading security integration company in Egypt. This new partnership will allow the J. W. Marriott Cairo Resort Hotel to be one of the most secure Hotels in Egypt. Alco’s unique technology will allow for complete inspection of vehicles and tourist entering the Hotel making it secure for its guest. This system is being planned as a true showcase of advanced security technologies available through Alco Advanced Technologies and is being considered by several other 5 star resorts in Egypt. Some of that technology could be used for the Egyptian port projects. Sylvain Desrosiers said “With our technology installed in one the finest hotels in Cairo is strategically important to position Alco as a premier supplier for electronic security equipment. This project allows us to make a statement in term of commitment in Egypt and the Middle East for our Sea Port and Port of Entry Scanning Services. |
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Alco Advanced Technologies, Inc. entered into a distribution agreement with American Lights in Bogota, Colombia |
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LAS VEGAS, NV, May 19, 2009 – Alco Advanced Technologies, Inc. (PINKSHEETS: ALCD) announced today that the Company has successfully entered into a distribution agreement with American Light, a Colombian security company located in Bogota Colombia. The agreement is for three (3) years and valued at approximately 6.2 million dollars of Alco CCTV products. The first order will be shipped in June 2009. Ricardo Moscoso Aguirre, President of American Light is very confident that Alco CCTV product line will be one of the dominant security product lines in Colombia within the next 3 years. “The Alco product line is very reliable and competitive, two qualities that are not found together in this market and Alco has done a great job to supply us with what our customers want and need”, said Mr. Aguirre. Alco has being working hard to develop the South American market for its products and services. “For Alco, the penetration and development of the Latin American market is a very important part our global strategy” said Sylvain Desrosiers Alco Advanced Technologies CEO. |
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Alco Advanced Technologies, Inc. Open new offices in Colombia, Ecuador and plan to open offices in Brazil and Panama. |
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LAS VEGAS, NV, May 6, 2009 – Alco Advanced Technologies, Inc. (PINKSHEETS: ALCD) announced today that the Company has opened offices in Bogota, Colombia, Guayaquil, Ecuador and will open offices in Brazil and Panama within the next 90 days. The offices will allow Alco to locally promote its Container Scanning Service, CCTV products line and its GPS asset tracking systems. “To be able to provide local sales and support is part of our market development strategy" said Alberto Surijon, Alco Latin America President”. Alco's strategy includes participation in local exhibitions and conferences in local markets. Alco participated in the Expo Defensa 2009 (Fare of Science and Technologies for Defense and Security) held at Expo Corferias in Bogota, Colombia on April 29 and 30, 2009. |
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Alco Advanced Technologies, Inc. Acquires Axion Spatial Imaging Inc; Company Now Trading Under New Ticker Symbol. |
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LAS VEGAS, NV, April 20, 2009 – Alco Advanced Technologies, Inc. (PINKSHEETS: ALCD) announced today that the Company has successfully acquired Axion Spatial Imaging Inc and has completed the filing process and has applied for a new CUSIP number and trading symbol. The Company is now trading under the new ticker symbol (PINKSHEETS: ALCD), and maintains status with Pink Sheets as part of its overall strategy to take an active role in the public markets in order to facilitate the execution of its business plan. |
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Government Mandate: The Secure Freight Initiative |
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The Secure Freight Initiative (SFI) holds forth a very ambitious goal which some critics have stated is impossible: The initiative calls for 100 percent scanning of non-passenger cargo in airliners by 2010, and 100 percent scanning of all imported shipping containers by 2012. The legislation specifically aims to prevent nuclear weapons, radiation and other illicit and harmful material from entering American shores. This piece of legislation affects not only American ports, but all ports around the world that ship to the United States. |
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The SFI mandates a much higher level of scanning than currently exists, and makes manual inspection—which is most common—obsolete and impractical. However, The US Government Accountability Office has reported on a number of challenges in achieving this ambitious but necessary goal. While some of these challenges are tactical in nature, others are technical, with GAO reporting that at present, Port authorities use a wide variety of systems and technologies. |
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It is a long-held myth that 100 percent of containers entering the United States are inspected; even after 9/11, this has never been achieved. While Department of Homeland Security does claim that it screens 100 percent of cargo containers, this does not imply that physical examination of each container is undertaken. DHS does review 100 percent of container manifests, and then inspects only those that indicate a potential risk factor. |
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But is it really that difficult? Alco Advanced Technologies doesn't think so. While critics say that it could disrupt container terminal operations and cause bottlenecks, there is an elegant solution. Combining superior logistics with state-of-the-art technology, Alco can achieve this goal—and not only will there be no bottlenecks, but the process will be made even more efficient than before. |
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