View Systems, Inc. Gains Listing in Standard & Poors and Adds Director
of Applications Development
DENVER--(BUSINESS WIRE)--Dec. 1, 1998--Gunther Than, President, View
Systems, Inc. (OTC BB: VYST) announced today, the company has been
approved for listing in Standard & Poors.
View Systems is a developer of software for compressing, storing,
searching and transmitting high quality digitized static and cinematic
images, along with enhanced surveillance capacity. The company's
innovative compression and decompression technology is unique in that it is able to achieve compressions of 300 to 1 with a negligable loss of data.
The market for the technology is an estimated $200 billion worldwide,
according to Mr. Than. ''Our markets include surveillance and security
applications for the military, law enforcement agencies, and commercial and residential security systems.'' The company expects to have a web-based demonstration of its product in the first quarter of 1999, with product delivery and revenues during the second quarter. The company has been negotiating several joint ventures for product
distribution.
''We are also pleased to announce the addition of Justin Griep as
director of applications development,'' says Mr. Than. Mr. Griep has
engineered and managed the development of applications for a variety of platforms and industries. Projects include medical device integration, imaging tele-medicine, Internet communications and diagnostic decisions support software. ''We feel his contribution to VYST and to our management team will be a great fit, says Than.''
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Contact:
View Systems Inc.
Gunther Than, President, 410/309-9984,
Company Website: viewsystems.com
or
Brokers and Analysts:
Columbia Financial Group, Inc., 888/301-6271
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