Viscount Acquisition Date Extended


BURNABY, B.C., April 30, 2003 (PRIMEZONE) -- Viscount Systems Inc. (OTCBB:VSYS) announced today that The Company has agreed to extend the closing date of the previously announced asset acquisition agreement between Viscount and Telus Corporation from April 30, 2003 until May 16.

"There were certain conditions precedent in our contract which were found difficult to fulfill in the short time frame allotted," noted Stephen Pineau, CEO of Viscount. "In particular, the assignment of the service contracts requires co-operation from many parties and has taken a bit longer than expected. The delay should actually assist us in the transition by having additional time to train and organise new staff."

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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