BALTIMORE, Feb. 26, 2010 (GLOBE NEWSWIRE) -- View Systems, Inc. (OTCBB:VSYM), a security and tele-data solutions provider, released a statement today discussing the MINI Sim Cam. The MINI, which stands for Mobile Intelligent Network Informer, is a wireless watchdog communication device that checks for intrusion into uninhabited areas like foreclosed houses, storage spaces, and vacation homes. It's a portable device that senses motion and sends text messages to a user's cell phone.
The MINI is the right product at the right time. It responds to an urgent need in the mortgage service market to monitor 18,000,000 plus vacant houses. There are over a million vacation homes, over twenty million foreclosed houses and millions of storage spaces in the U.S. (Source: www.usnews.com). It will replace the occasional "drive-by" inspection with 24-7 monitoring and preserve both the value of the property, the viability of city housing stock and lower insurance premiums which offset the investment. The MINI will become a valuable tool for construction industry, protecting furnishings and materials between their delivery and installation dates. There are many horizontal markets for the product including boats, aircraft, cars, hangars, garages, barns, sheds, outbuildings, equipment, construction sites, construction trailers, truck trailers and many others. View chooses to concentrate its initial marketing and sales efforts in the large and growing retail, "do-it yourself," security market.
The product retails for $299.99 and can be purchased online by visiting www.minisimcam.com.
View Systems CEO, Gunther Than, states, "We estimate that sales of the MINI will lead to revenues in excess of several million dollars in the first year after introduction. We have radio and TV inventory available through our marketing partner, Visisys. We have hired an Internet sales expert who is developing a direct sales channel to inject the MINI into the retail Internet sales channels."
About View Systems: View Systems, Inc. manufactures and installs weapons detection identification systems, video management platforms and tele-data communication networks targeted towards correctional facilities, schools, courthouses, government agencies, event and sports venues, and commercial businesses. More information can be found on the website at www.viewsystems.com.
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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.