BURNABY, British Columbia, Aug. 5, 2002 (PRIMEZONE) -- Viscount Systems Inc. (OTCBB:VSYS) President and CEO Stephen Pineau is pleased to announce The Company sales of its legacy products has continued to improve as it begins to roll out its new MESH technology. A number of substantial projects in the Minneapolis area have recently been awarded to Viscount dealer Electric Fire and Security Inc. Their current installations include the 12 building Southpoint Village project, the 15 building Midland Terrace project and the 12 building Cedarview project. These complexes are using Viscount's Enterphone 2000 and Enterphone Axess telephone entry systems.
"Over the years we have done many projects for the Minneapolis Public Housing Authority and the interest generated from those projects has allowed Viscount to develop very strong dealers in the area," explained Mr. Pineau. "We have always been very impressed with the technical knowledge and integrity of the staff at Electric Fire and Security and they have used their experience to develop a strong market for our products in Minneapolis with private property managers as well."
"We have had very good success with the products manufactured by Viscount," mentioned Steve Schnarr, the owner of Electric Fire and Security. "We were one of the dealers that previewed the new MESH technology at the recent International Security Conference in Las Vegas and it is very impressive. Viscount needed to develop new products in the LCD panel side of their business and this new product really takes the technology to a new level."
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 and Honeywell. Additional information on Viscount's products may be obtained on-line at http://www.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.
For more information contact Konstantine Tsakumis Greg Werbowski Viscount Systems, Inc. Investor Relations