MDI, Inc. (NASDAQ: MDII) announced today that the LearnSafe Initiative™ has partnered with Government Capital Corporation to found the Texas School Safety Fund™. The fund, established to finance school safety and security projects, primarily those that arise from critical risk discovered by school security administrators during school district risk audits, is designed so that any Texas school district can receive an effective local or district-wide safety and security program with a comprehensive financing plan tailored to the specific needs of each district.
The Texas Legislature established Senate Bill 11 (TEC 37.108), which is an executive mandate that requires all schools in the state of Texas to conduct comprehensive school safety audits before August 31, 2008. The mandate is not funded by the state and requires school districts to do the following using current budgets:
Implement a security audit as required by Subsection (b) of the legislation
Conduct a comprehensive security audit of the district's facilities. To the extent possible, a district shall follow security audit procedures developed by the Texas School Safety Center or a comparable public or private entity. This must be accomplished by 31 August 2008, and is required every three years thereafter.
A school district must report the results of the security audit conducted under Subsection (b) to the district's board of trustees and the State of Texas to identify safety and security practices, policies and needs on each school campus within a district.
After a risk assessment or audit has been performed, the LearnSafe Initiative will assist safety administrators with a phased risk mitigation plan, structured around the current and future growth needs of the district. The remediation of known (post-audit) security vulnerabilities and risk in a district is not currently funded by the state, which makes the Texas School Safety Fund a critical financial resource for school districts in need of a safety and security solution.
With the new fund in place, LearnSafe will be the only comprehensive school safety and security resource providing Texas schools with:
Remediation of high-risk security and safety vulnerabilities shortly after they are discovered
Flexible financing plans with simple documentation including one year payment deferrals
Implementation of fix-actions while preparing for the next grant, bond or budget
Immediate remediation actions on mold and other urgent school safety issues
Complete construction remodeling and Information Technology Infrastructure project assistance
The ability to roll a CCTV or security system installation into the retro-fit for increased savings
Implementation of Phased or District-Wide Programs and Technology
Unified Access Control and Video Surveillance for Police Departments
Gang and Behavioral Intervention Programs
Complete Maintenance, Central Station Monitoring and Warranty Packages
LearnSafe has launched the Texas School Safety Fund as Platinum Sponsor of the Texas Safe Schools and Healthy Students Summit. Over 600 Texas school safety administrators and law enforcement officials are in attendance, with keynote speeches from Texas Attorney General Greg Abbott and Lt. Colonel David Grossman (US Army Retired). For more information, visit http://www.oag.state.tx.us/conferences/safeschools2007/index.shtml.
About MDI, Inc. (NASDAQ: MDII)
MDI, Inc., companies deliver security technology products, services and training for high-security government, commercial and educational markets as well as comprehensive construction management solutions on an international scale. MDI companies include:
MDI Security Systems™
FAS Construction Management™
MDI Professional Services Group™ (PSG) and
The LearnSafe Initiative™
For more information on MDI or its diversified line of products and professional services, please visit www.mdisecure.com.
Forward-Looking and Cautionary Statements
Except for historical information and discussions contained herein, certain statements included in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the Company's filings with the Securities and Exchange Commission