BALTIMORE, June 16, 2005 (PRIMEZONE) -- View Systems, Inc. (OTCBB:VYST), a cutting edge homeland defense solutions provider, recently announced an order of 20 units adding $250,000 of revenue to the company from a sports and entertainment venue service provider.
"The company is excited to be able to deliver these outstanding orders and is combining them with an additional 30 plus units which will mean more than $350,000 of additional revenue slated for immediate production and third quarter delivery," stated CEO of View Systems Gunther Than. "We have procured the help and support of a large and experienced manufacturer. The company's management is in process of finishing the final details of a long term supportive contractual partnership. The realization of the demand growth for the patented Secure Scan Concealed Weapons Detection technology needs the partnership of an experienced manufacturer who can put units on the shelf to satisfy shorter lead times."
"View's current lead times are 60 to 90 days. New projected delivery lead time is 30 to 45 days from time of order," states View Systems' Consulting Manufacturing Engineer William Jordan. "Combining larger orders with significant cost reduction of 30 plus percent will allow View and its manufacturing partner to achieve larger gross margins at lower price points making the product more competitive with the traditional metal detection companies. These cost reductions are a result of changes to the internal components and large scale integration of the control unit functions. View Systems is consummating final paperwork which will drive production dramatically past all previous levels."
About View Systems, Inc.
View Systems, Inc. provides products to law enforcement, military, government agencies, educational facilities, hotels, event and sport venues, and commercial businesses. View Systems has a network of distributors, licensees and strategic alliance affiliates.
Forward-Looking Statements
This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.