ENGLEWOOD, Colo., Jan 28, 2000 (BUSINESS WIRE) -- View Systems Inc.
(OTC BB:VYST) announced today that the company's deal with the MGM
Grand to install License Plate Optical Character Recognition is
underway. View Systems installed the first stage of License Plate
Optical Character Recognition, and the company will polish the software
to bring it to its full operation. The system will be at its maximum
functionality within the next several months. The contract with MGM
Grand will extend into the installation of facial recognition ability
on a medium scale for review and evaluation.
"We are excited to be working with one of the finest operations in the
industry. The MGM Grand is a leader of casino/hotel systems worldwide.
They shine, especially in their security and surveillance systems. The
surveillance control room manages over 2200 cameras live and
interactive," states View Systems President, Gunther Than. "The key to
facilitating a successful management tool will be a system driven by
License Plate Optical Character Recognition and facial recognition.
With more than 70,000 people making their way through the casino on a
daily basis and a current internal database containing 10,000 profiles,
our system will allow the MGM Grand to increasingly protect itself from
any dishonest individuals."
View Systems manufactures and markets surveillance systems implementing
a proprietary digital technology for compression, storage and
transmission. The Company's products have a powerful user interface,
which permits access from across town or half way around the world.
View Systems is an exhibitor at CTIA's Wireless 2000 show in New
Orleans from February 28 through March 1. Wireless 2000 is the single
largest international event that will bring together over 20,000
top-level industry executives and decision makers from around the world
to conduct business, form partnerships, and build relationships.
The above statements, regarding this announcement, which are not purely
historical are forward-looking statements, within the meaning of the
Private Securities Litigation Reform Act of 1995, including View
Systems, Inc. beliefs, expectations, hopes or intentions regarding the
future. All forward-looking statements are made as of the date hereof
and based on information available to View Systems, Inc. as of such
date. It is important to note that actual outcome and the actual
results could differ materially from those in such forward-looking
statements. Factors that could actual results to differ materially
include risks and uncertainties such as technological, legislative and
marketplace changes.
Copyright (C) 2000 Business Wire. All rights reserved.
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CONTACT: View Systems, Inc.
877/VIEW-INC (877/843-9462)
www.viewsystems.com
or
Columbia Financial Group, Inc.
Brokers and Analysts, 888/301-6271 |
