VANCOUVER, B.C., June 9, 2003 (PRIMEZONE) -- Viscount Systems Inc. (OTCBB:VSYS) announced today that The Company has completed R&D and field tests of its flagship MESH Touch Screen entry panels and has entered production. Orders are expected to be shipped in the next week to Chicago, Toronto and Montreal. Another previously announced sale in Vancouver is being scheduled for installation. MESH was displayed at two tradeshows this week including the Northeast Security Systems Expo in Marlboro, MA. The response was very positive. The product will also be shown at next week's Buildings NY tradeshow in New York City.
"This initial production release of MESH is a milestone for Viscount," noted Stephen Pineau, President and CEO of Viscount. "MESH has been shown to be very reliable and robust and has been proven to be flexible in a variety of environmental conditions including direct sunlight. We are continuing our accelerated R&D schedule for completing several enhanced voice, video and security applications and can now look to completion of our MESH enterprise security system for large government, multi-tenant and institutional applications."
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 an 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 and telephone equipment vendors. 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.