Good prelim results on Viscount, VSYS. Sales continue to rise in a difficult market, and are heading toward a full year profit turnaround..
URNABY, British Columbia--(BUSINESS WIRE)--Viscount Systems (OTCBB:VSYS - News) today announced its Q3 results for the period ending September 30, 2009.
Highlights Include:
Profit of $135,682 for Q3 2009 compared to a loss of $29,308 for Q3 2008.
Sales increased 14% to $1,478,348 for Q3 2009 compared to $1,299,280
“We are very pleased with these results,” noted Stephen Pineau, President and CEO of Viscount. “For the first nine months of 2009 compared to 2008 our bottom line has improved by $326,000. As we enter the end of 2009 we expect these positive results to continue both in terms of revenue and profit.”
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 |
