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Burnaby, British Columbia - Thursday, April 19,
2007 - Viscount Systems Inc. (OTCBB - VSYS.OB) announced
today that The Company has received a commitment for its single largest MESH™ order to date. The order is for a three phase project in Vancouver with first phase completion in 2008 and the balance scheduled by 2009. Revenue for equipment and commissioning for each phase is approximately $180,000 for a total of just over $500,000. The facilities will be deploying a full complement of MESH™ technology including MESH™ voice panels, MESH™ LANBot card access, and MESH™ alarm. Viscount’s newest products, EPX™ voice communications technology and MESH™ View video recording and storage will also be used.
“We continue to see increased interest in MESH™ since releasing our global system last fall,” noted Stephen Pineau, President and CEO of Viscount. “We have used this as an opportunity to provide a more active role in certain projects with commissioning services. This provides increased margins and revenue and assists both our contractors and their customers.”
“The trend towards IP enabled security devices is increasing in all regions. At the International Security Conference and Expo held at the end of March our leads increased almost 400% compared to last year as more security contractors embrace the digital future.”
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
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.
For more information, contact:
Viscount Systems, Inc.
Investor Relations
Toll Free 1-866-252-9446
ir@viscount.com
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