Straight from the desk of Kevin Barker, Editor and Chief Analyst of The IT Investor financial advisor
An immediate "BUY" recommendation has just been issued on Viscount Systems (VSYS OTCBB. Recent cls. $1.70 per share) by Kevin Barker, Editor and Chief Analyst of the IT Investor financial advisory service, with a three-month price target of over $3.50 per share, and a longer term price target of $5.60 per share.
Viscount Systems (GTVCF:OTCBB) has been chosen by stock picker Kevin Barker as his favorite short-term microcap "most likely to double in the near term."
Citing the "massive government and public spending on security" in North America, Barker has chosen Viscount as his newest "category-killer stock."
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*Our Bottom Line*
On the heels of unprecedented public interest in homeland security, property owners are seeking more reliable ways to protect commercial and residential buildings against unauthorized entry. Yet very little in the way of enhanced solutions is available.
Viscount Systems Inc. (VSYS OTCBB), a recognized name in building security systems, has developed the first radical improvement in this arena in 30 years. A longtime R&D subsidiary of Telus, a controlled subsidiary of GTE (now Verizon Communications), Viscount is now ramping up sales for a single platform - called MESH - that operates all building control and security functions including card access, CCTV recording, and intercom functions.
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* The Technology*
Imagine comparing an access security system for a 400-door airport project. A traditional system will use up to 400 control boxes with processors that predate the 286 microprocessor and require an additional PC just for programming. Viscount’s MESH solution is a server architecture using today's fastest Pentium processors with virtually unlimited storage and RAM.
 Reliability. Almost any system failure can be detected and service dispatched immediately.
 Ease of use. Server is an industrial grade computer that eliminates the need for numerous control boxes (hosts). This creates an environment that allows for easy networking, management and integration of systems in limitless ways, never before possible.
 Incredible savings. MESH uses a common and simple Cat.5 bus loop. No more masses of controllers to service and maintain.
MESH Field Stations are all Ethernet connected and allow for remote units to produce full color, touch screen interaction for access points, system administration, guard station, campus emergency and surveillance applications. Field Stations have built-in voice [Intercom] and video [CCTV] capabilities that record and transmit both voice and video to monitor and track events and usage.
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* The Viscount story *
Viscount is a developer of telecom and electronic door control access systems for the security industry. From 1969 to 1997, the company was an R&D subsidiary of Telus, itself a controlled subsidiary of GTE, now Verizon Communications. The company's diverse line of products improve safety and manage security for property owners and users.
Viscount's products have been installed in over 35,000 facilities in over 30 countries, and are sold through a 500 member dealer network comprised of security equipment vendors such as Tyco/ADT, Honeywell, and Siemens.
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Our Recommendation
Investors who jumped on key homeland defense stocks such as OSI Systems Inc. (OSIS.Nasdaq. 52 week high/low: $2.85-$28.97) after September 11 have experienced the rewards of being first.
Now is the time to get positioned ahead of rising demand for residential/commercial building secure access solutions.
With an established client base, a cutting-edge product, and excellent market penetration around the world, Viscount is well disposed to becoming the leading supplier of next generation, 'smart' security solutions for the real estate industry.
Two significant sales were made in March and April, including Viscount´s largest, year-to-date order of secured entry telephone systems for the Nassau Gardens mult-residential units in Norwood, Massachusetts. Others are in the pipeline.
Quick Profile of Viscount Systems Inc. (VSYS ORBB)
- Attractive price: $1.70 per share
- 30 year track record of product development, manufacturing, and sales.
- Established client base, profitable sales, high margins
- 16 million shares issued and outstanding
- 52 week high/low: $1.75 - $0.74
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*The Need*
Building access control systems currently rely on slow, 'dumb' protocols that require masses of control boxes to control doors, elevators and alarm devices. That is about to change as manufacturers embrace new technologies, and governments make good on their promises to increase spending on homeland security.
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* Conclusion *
Newly listed on the OTC, with a 30 year history of product development and sales, Viscount is on the verge of unprecedented growth and significantly higher share valuations in the near term. We expect a 30% upside by June, 2002 and a long term target of $5.60 per share.
- From the desk of Kevin Barker, editor and chief analyst, The IT Investor
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