Viscount Receives MESH Order (bwire)
Business Editors/High-Tech Writers
BURNABY, British Columbia--(BUSINESS WIRE)--April 16, 2002--Viscount Systems Inc. (OTCBB:VSYS) President and CEO Stephen Pineau is pleased to announce The Company has received the first order for its exciting new MESH system. The project is a 3 building gated complex called Seasons at Ravenwoods being developed by Takaya Developments Ltd. When completed, the complex will house over 300 condominium units.
"The MESH product is truly remarkable," commented Mr. Harry Wong of Takaya. "The layout and functionality is something that we have never seen before and is a perfect complement to our company philosophy of providing leading edge security and amenities. In the case of MESH, our investment in security becomes a high value added proposition."
"We have been using Viscount products for many years because of their incredible reliability and support," continued Mr. Wong. "Viscount's reputation, combined with the major technological advance represented by MESH, will give Viscount an awesome market advantage."
"This is a major milestone for the MESH product," said Mr. Pineau. "It is major compliment to our engineers that quality developers such as Takaya can easily understand our vision and the benefits the MESH product brings to the market."
Mesh is Viscount's recently released revolutionary system where all building control and security functions including data (card access), video (CCTV recording) and voice (intercom functions) can be operated on a single digital hardware/software computer platform.
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.
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