VSYS - .86 Mesh goes to China
Viscount Systems Announces MESH Ships to China
Monday January 19, 9:00 am ET
BURNABY, BC--(MARKET WIRE)--Jan 19, 2004 -- Viscount Systems (OTC BB: VSYS) today announced The Company has completed and is shipping the Mandarin version of MESH for upcoming projects in China. The Mandarin version provides users a choice of Chinese or Chinese/English displays and Mandarin audible instructions and feedback.
ADVERTISEMENT
Paul Liu, President of ACNC, a leading supplier of telecom and security products to Asia and North America, commented, "We are very excited about being MESH distibutors in Asia. With 1.3 billion people in China and more than 10 million new houses and condos being built each year, the opportunities for a sophisticated, next-generation entry system with Chinese characters and language support is incredible."
In 2003, China saw unprecedented growth in new construction. According to figures released last week by the Shanghai Statistics Bureau, construction in that city alone is up a record 28% to (US) $12.5 Billion.
Stephen Pineau, President and CEO of Viscount, commented: "The rollout of MESH into the worldwide marketplace has begun. China is a market we expect to do very well in with this product, but I do not expect the sales of this product to be regionalized or concentrated in any particular market. We are currently working on various foreign-language versions of the product in anticipation of orders from those parts of the world. We are extremely pleased with the results of the 26 North American MESH installations completed in 2003. It is now time to begin to aggressively sell MESH."
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 an 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. 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.
Distributed by Filing Services Canada and retransmitted by Market Wire
Contact:
Contact:
Nick Waddell
Viscount Systems, Inc.
VP, Corporate Communications
Toll Free 1-866-252-9446
Nick@viscount.com
-------------------------------------------------------------------------------- |
