ICTS Icts International N.V (MM)

ICTS International N.V. (NASDAQ:ICTS), today reported that on August 28, 2006 the Company received a Nasdaq Staff Deficiency Letter indicating that the Company fails to comply with the market value of publicly held shares requirement of $5,000,000 in accordance with Marketplace Rule 4450(a)(2). In accordance with Marketplace Rule 4450(e)(1) the Company is provided 90 calendar days or until November 27, 2006 to regain compliance. If, at any time before November 27, 2006, the market value of the publicly held shares is $5,000,000 or more for a minimum of 10 consecutive trading days, the Nasdaq Staff will provide written notification that the Company complies with the Rule. If compliance with this Rule cannot be demonstrated by November 27, 2006, Nasdaq Staff will provide written notification that the Company's securities will be delisted. At that time, the Company may appeal the Nasdaq Staff's determination to a Listing Qualifications Panel. About ICTS International N.V. ICTS specializes in the development and implementation of innovative security concepts and solutions designed to meet the needs of a variety of industries, mainly including transportation (aviation, railroad and other means of public transportation), border control and sensitive facilities. ICTS International benefits from over two decades of expertise and international operational experience in transportation security, with a particular emphasis on high-risk environments, passenger processing transactions and the integration of security services to provide a comprehensive security solution. It also offers a wide variety of customized training programs, tailored procedures and a wide range of security consulting services. The company has developed and implemented unique technological solutions, based on its comprehensive approach to security, designed to enhance the level of security while accelerating the security check process. www.icts-int.com This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the Company's business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the Company, may cause the Company's actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the Company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company's expectations or future events.