Las Vegas – CRWENews.com would like to highlight a stock watch on View Systems, Inc. (OTC BB: VSYM.OB), a security and tele-data solutions provider, who announced today June 2, 2009 that the company continues to receive and fill orders for its headline products. The firm has also noted an increase in dealer applications and product inquiries over the past few months.
Since the last news release was broadcast, multiple purchase orders for the ViewScan Concealed Weapons Detection System have been received from, to name a few, a Sheriff’s office in Pennsylvania, a courthouse in New Jersey and a correctional facility in Colorado. View was also hired to supply the ViewScan equipment as part of the security measures for a major banking firm’s annual shareholder meeting.
View’s new wireless MINI: Mobile Intelligent Network Informer, hasn’t hit the market yet, but is quickly gaining considerable positive comment and interest. The MINI is a wireless watchdog communication device that monitors for intrusion into uninhabited areas such as foreclosed properties, storage spaces and vacation homes. It is expected that the MINI will be a best-seller once it makes its formal market debut; however, it’s currently still in the final testing phase. This is one item to watch for. Please visit the website for a preview spec sheet: http://www.viewsystems.com/
Gunther Than, CEO of View Systems, states, “Our current product lines are related to visual surveillance, intrusion detection and physical security. Aside from the widely-successful ViewScan Concealed Weapons Detection System and MMV (Multi-Mission Video) Camera, we recently introduced a new product called the ‘MINI.’ We have already received multiple inquires and have invested engineering resources to create a working device that should be market-ready in the fourth quarter of 2009.
“In addition, we have invested in tools, vehicles and testing equipment to enter the fiber optics installation arena. Using a credit line provided by Lafayette Commercial Bank, we have expended over $200,000 to purchase tools for splicing, testing and installation of both fiber optic cable and transmission ducts. Several opportunities and contracts have been presented to us and we are optimistic about their potential. This work will also present sales opportunities for us in video surveillance and access control systems and we will fully capitalize upon them.
“On our merger and acquisition front, we have signed a Memorandum of Understanding (MOU) with a private research and development company, Visisys Holding Plc (Visisys). Visisys is a multinational, private holding company organized under the laws of the United Kingdom with offices in New York, London and Moscow. The entity has two wholly owned subsidiaries:
The company's main focus is the integration of proprietary and/or estimable devices with design and applied science to provide customized applications in a number of diverse fields such as security, medical, retail, hospitality and financial/clerical management. We propose to exchange shares of our respective companies. Visisys has a network of shareholders who can be instrumental in executing our business plan. We have already begun close collaboration with Visisys and intend to work jointly in several areas including in product cross-marketing and extracting synergistic gains wherever possible.
“We are still pursuing the merger and acquisition strategy begun last year and are in negotiations and collaboration with several candidate companies. The general slowdown in the global economy has stalled off most activities in the M&A arena. Still on the table are the acquisitions started late last year and early 2009.
“The next phase of our business plan will be to continue to raise additional funds through common stock offerings and convertible debentures providing working capital to finance several acquisitions as well as the integration of new technologies and/or businesses. We also intend to continue to strengthen our balance sheet by paying off debt.”
About View Systems, Inc.:
View Systems, Inc. manufactures and installs weapons detection identification systems, video management platforms and tele-data communication networks targeted towards correctional facilities, schools, courthouses, government agencies, event and sports venues, and commercial businesses. More information can be found on the website at www.viewsystems.com.
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