Viscount Receives US Government HUD Order (bwire)
Business Editors/Telecommunication Writers
BURNABY, British Columbia--(BUSINESS WIRE)--April 9, 2002--Viscount Systems Inc. ( OTCBB - VSYS ) President and CEO Stephen Pineau is pleased to announce The Company has received a US government funded order for the 21 building Nassau Gardens complex in Norwood, Massachusetts.
The project will be installed by Viscount dealer Alarmex Inc. and is funded by the US Department of Housing and Urban Development (HUD). "In the building control business, reliability is what really counts" mentioned Mr. Dick Crosson, President of Alarmex. "We have been a dedicated Enterphone dealer for over 10 years because the quality of Viscount products always makes us look good."
Mr. Crosson is one of a handful of dealers who have had a preview of Viscount's new MESH system. "As an expert in the fire alarm and security business, I can see what Viscount is doing is very exciting. The potential of the product is enormous and I can't wait to be involved," continued Mr. Crosson.
"Alarmex is one of our long and most valued customers," noted Mr. Pineau. "The combination of such a strong distribution network along with our powerful new MESH system will be very formidable."
About Viscount Systems
Viscount Systems Inc., is a designer and manufacturer of telecommunications and electronic door control access systems for the security industry. From 1969-1997 Viscount was a R&D affiliate of Telus, itself a controlled subsidiary of GTE, now Verizon Communications. The company's diverse line of products are designed to improve safety and manage security for property owners and users. Viscount's products have been installed in approximately 35,000 sites in over 30 countries and are sold through a 500 member, North America-wide dealer network comprised of security equipment vendors, including Tyco/ADT, Honeywell and Siemens. Additional information on Viscount's products may be obtained on-line at viscount.com.
Financial statements are available from the company's registration statement filed with the U.S. Securities and Exchange Commission on February 6, 2002, which may be viewed at www.sec.gov or the company's web site www.viscount.com under the heading "Investor Relations". For further information, or to be placed on email NEWS ALERT please e-mail to ir@viscount.com. or call toll free 1-866-252-9446.
Safe Harbor Statement
This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities of Viscount Systems Inc., nor shall there be any sale of any such security in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
Forward looking statements: This press release and other statements by Viscount Systems Inc. may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "position," "assume," "potential," "outlook," "continue," "remain," "maintain," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," or similar expressions.
For more information contact
Konstantine Tsakumis
Greg Werbowski
Viscount Systems, Inc.
Investor Relations
Toll Free
1-866-252-9446
ir@viscount.com
or visit: viscount.com |
