On 05/16/2013, IDO Security Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

On 04/02/2013, IDO Security Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Private citizen George Sharp announced that Attorney Luke Zouvas has been subpoenaed to give testimony regarding a civil action filed by Mr. Sharp for violations of California Business and Professions Codes 17529.5 (Anti-Spam) and the California Legal Remedies Act. Amongst the Defendants named are IDO Security, Inc., Empire Post Media, Inc, Mustang Alliances, Inc. and Premier Brands, Inc. Mr. Sharp has identified the defendants as allegedly being involved in a scheme to disseminate spam emails in order to create a marketplace for the stock of those companies at artificially high prices. The Complaint was filed by George Sharp in the San Diego County Division of California Superior Court (Case No. 37-2012-00101057-CU-NP-CTL) on July 23, 2012. Within his complaint, Mr. Sharp states that the Defendants deliberately hired offshore promoters and/or advertisers to disseminate newsletters through unsolicited emails under the identities Stock Castle, Wall Street Penny Stock Advisors, Hottest Penny Stocks, Magic Penny Stocks, Obscure Stocks, and Ultimate Penny Stock, imploring him to buy IDOI, EMPM, MSTG and BRND stock under what is known as a Pump & Dump campaign. In spite of multiple attempts by the Plaintiff to opt out of these emails, the spam continues to be received. Under BPC Section 17529.5, violators are subject to pay damages of up to $1,000 for each spam email to each recipient. Mr. Sharp is also seeking an injunction against the defendants in order to end the practice. Mr. Zouvas has expressed to Mr. Sharp his disinterest in being involved in schemes designed to defraud the public and has agreed to fully cooperate with the ongoing discovery process in hopes of identifying the operators of the spam email factory. As such, a subpoena of Mr. Zouvas' client is imminent.