VSYS - .97 x 1.01. Many of us have urged them to breakout some numbers on MESH, to show its potential. Clearly, this PR has hit home as they awaken to the fact that the stock has lost almost 2/3'ds of its value from the high.
Viscount's MESH Access Control System Sales Update: 2005 Orders Surpass 2004 Sales Totals
Burnaby, British Columbia – Tuesday, February 22, 2005
Viscount's MESH Access Control System Sales Update: 2005 Orders Surpass 2004 Sales Totals
BURNABY, BC -- (MARKET WIRE) -- 2/22/05
Viscount Systems today announced The Company has shipped or booked more of its MESH access control systems to date in 2005 than it did through all of 2004. Projects to date include sites in the US, Canada, India, China, France and New Zealand.
"While we continue to enhance our core technology, we have passed the early commercialization stage of MESH,” said Stephen Pineau, President and CEO of Viscount. “We have many more projects committed, some up to 2007, and while the sales cycle of Enterprise and new construction projects can be long, we are now shipping increasing numbers of systems for immediate retrofit.”
Added Pineau: "In 2003 sales of MESH field trials totaled $95,000. In 2004, as we began to enter commercialization, we increased our sales to more than $400,000. Although it is early in 2005, we already have committed projects that surpass last years totals. I estimate that by Q3 2005, MESH will surpass EnterPhone as our prime revenue generator.
"It is interesting to note that when we began designing MESH, many in the industry did not think we could succeed because MESH is so different from traditional technology. Special Security and IT conferences are now concluding that the future of physical security is operating systems using intelligent devices that eliminate “middle-ware controllers”. MESH is the only access-control system built on this architecture.”
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.
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Contact:
Nick Waddell Viscount Systems, Inc. VP, Corporate Communications Toll Free 1-866-252-9446 Nick@viscount.com |
