BURNABY, British Columbia, Feb. 20, 2003 (PRIMEZONE) -- Viscount Systems Inc. (OTCBB:VSYS) President and CEO Stephen Pineau is pleased to announce The Company has completed development of its LS version of Emerphone systems. The LS version is designed for larger applications to allow a large number of Emerphone emergency phones to share a single phone line or extension. Units are now being field testing at a number of U.S. sites.
"The market for Emerphone type systems encompasses a large number of markets and niches," commented Mr. Pineau. "Our LS software allows Emerphones to share lines with other devices to reduce the overall cost of ownership. The final stage of development for Emerphone will be call consolidator equipment. Viscount will then be able to provide a complete product package for security and communications applications including elevator phones, oil and gas, mining, public transit, campus security and parking. Emerphone combined with the introduction of our flagship MESH technology, about to begin field trials, will be the key components in our long term market strategy."
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 is 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 affiliates of 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.