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To: Ted M who wrote (387)11/11/2009 6:15:21 AM
From: NAG1  Read Replies (1) | Respond to of 1056
 
Ted,

If I am remembering correctly, they have only about 15 million shares out so, if correct, this comes close to a penny a share for the quarter. Not bad for a stock that was selling for 11 cents a share. And this is during a time when their core business may be in the early stages of a recovery. The meltdown in the construction business may have done them a favor in the long term forcing them to diversify their business model. I like this line in the release the best

<< As we enter the end of 2009 we expect these positive results to continue both in terms of revenue and profit.”>>

Neal



To: Ted M who wrote (387)1/21/2010 9:44:59 AM
From: Ted M  Read Replies (1) | Respond to of 1056
 
Excellent news from VSYS today. This $4 million exceeds their ANNUAL MESH sales, so this is significant.

VSI Selected to Secure Up to 90 Sites

BURNABY, British Columbia, Jan 21, 2010 (BUSINESS WIRE) -- Viscount Systems (VSYS) announced today that the company's MESH technology platform has been selected to secure up to 90 sites for one of Canada's largest cities. Based on the successful installation of the first systems in Q4 2009 the agency has committed to continue the deployment.

"Since the middle of 2009 we have received commitments from three major Canadian cities and provinces which total approx. 700 systems to be deployed over the next several years for a total value of approx. $4M," noted Stephen Pineau, President and CEO of Viscount. "Despite a slowdown in new construction projects, many governments are making commitments to retrofit older systems."

About Viscount Systems

Viscount Systems Inc., is a designer and manufacturer of telecommunications and electronic door control access systems for the security industry. 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.

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