Viscount Awarded First International MESH Project
BURNABY, British Columbia, May 7, 2002 (BUSINESS WIRE) -- Viscount Systems Inc. (OTCBB:VSYS) President and CEO Stephen Pineau is pleased to announce The Company has secured the first international project for its new MESH building control system. The facility is a high-end complex being developed in Guangdong Province, China by BBIT Inc.
"We have a great deal of experience with systems from around the world and the MESH system is clearly superior to any we have seen both in terms of functionality and aesthetics," commented Mr. John Chang, Co-Chairman of BBIT Inc. "This project will be a technology showcase for our company and we are very honored Viscount has chosen us as their first Asian installation."
"We designed MESH specifically on an open architecture platform that includes full multiple language functionality for rapid deployment around the world," noted Mr. Pineau. "The building control market is international in scope and the benefits of MESH are as obvious in Europe and Asia as in North America."
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 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.
CONTACT: Viscount Systems, Inc.
Investor Relations:
Konstantine Tsakumis, 866/252-9446 (Toll Free)
Greg Werbowski, 866/252-9446 (Toll Free)
ir@viscount.com
or visit: viscount.com
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