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."
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