ABC Office Featured on Get Gephardt

Released on = September 8, 2006, 9:38 am

Press Release Author = Kelly Bingham / ABC Office.com

Industry = Consumer Services

Press Release Summary = Consumer watchdog features ABC Office Supply Company in
story on counterfeit money detection.

Press Release Body = Kaysville, UT September 2006 - Bill Gephardt, KUTV 2-NEWS
consumer advocate, featured ABC Office in his "Get Gephardt" segment on
counterfeiting and counterfeit prevention.
(http://kutv.com/consumer/local_story_214003035.html)

Gephardt, reporting on a counterfeit victim in Utah who lost $2200, interviewed
David Stuart the Marketing Supervisor for ABC Office. ABC Office sells a variety of
counterfeit detection equipment that validates money by identifying the security
characteristics encoded within each bill. (http://www.abcoffice.com/detect1.htm)

Bills are printed on special cotton and linen rag paper using a unique magnetic ink
formula. Cash has several watermarks and a security thread inside the width of the
bill. Currency detectors identify these and other traits simplifying currency
confirmation, which protects people and businesses from accepting counterfeit money.

Stuart demonstrated four types of detectors for Gephardt:

· The EXC-5700 Money Counter automatically detects counterfeits as it counts and
bundles stacks of bills. It uses technology that can recognize 76 different
attributes in currency.

· The Accubank D550 currency detector electronically scans bills using Infrared, UV,
and magnetic sensors that identify the watermarks and the magnetic properties of the
ink.

· The AccuBank D64 manual detector uses UV light to reveal watermarks and security
threads by making them glow. It also has a magnetic reader the beeps when it comes
in contact with magnetic ink.

· Gephardt also tested the Model 3030 Money Detector Pen that uses chemical
reactions to leave black marks on counterfeits and remain transparent on true paper
money.

Counterfeit money has plagued the United States for centuries. During the civil war
the U.S. Secret Service estimates that 1/3 of all U.S. currency was counterfeit.

In 2005, the Secret Service made 3,717 arrests and seized $114 million in
counterfeit bills. $61 million of that was seized in circulation. It is estimated
that one in 10,000 bills are counterfeit. The U.S. $20 bill is the most frequently
counterfeited.

Counterfeiting is not a victimless crime. The FBI estimates losses to
counterfeiting at $200-250 billion a year. As Stuart explained to Gephardt, "If you
have it, you own it." Once identified as counterfeit, money is immediately seized.
There is no financial reimbursement for losses due to counterfeiting, and knowingly
passing counterfeit money is a federal offense punishable by fines and prison time
in federal institution.


For further information, please contact Morgan Cloward, Marketing Director of ABC
Office, 1-800-543-5454, info@abcoffice.com.


####




Web Site = http://www.abcoffice.com/detect1.htm

Contact Details = 1142 West Flint Meadow Drive
Kaysville UT 84037
800-658-8788
801-927-3037
marketing@abcoffice.com

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