To: caly who wrote (21 ) 5/15/2002 9:58:08 AM From: CIMA Respond to of 133 Viscount Awarded Major Project in Chicago BURNABY, British Columbia, May 15, 2002 (BUSINESS WIRE) -- Viscount Systems Inc. (OTCBB:VSYS) President and CEO Stephen Pineau is pleased to announce The Company has secured another major contract. Viscount dealer M&R Electronics will be securing a complex of 18 buildings in suburban Chicago with Viscount's Enterphone building control system. "We have been a Viscount dealer for 20 years and the quality of Viscount products has always made our job easier," commented Steve Kearney of M&R. "We sometimes see less expensive imitations quoted on a project but building managers know that the most important thing is reliability. With Viscount's huge installed base of systems and awesome reputation we expect Chicago to be a major market for their new MESH product. The system really takes building security to a new level." "Our strong distribution channels make the introduction of MESH almost seamless," noted Mr. Pineau. "Most smaller companies launching such a major technology would waste a great deal of time and money simply building a dealer network. Viscount's 30 years of goodwill is a valuable asset both in terms of developing dealers and our strong brand recognition within building management organisations." 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 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. CONTACT: Viscount Systems Inc. Konstantine Tsakumis, 866/252-9446 (Investor Relations) Greg Werbowski, 866/252-9446 (Investor Relations) ir@viscount.com or visit: viscount.com URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2002 Business Wire. All rights reserved.