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Burnaby, British Columbia - Tuesday, May 15,
2007 - Viscount Systems Inc. (OTCBB - VSYS.OB) today announced its results for the first quarter, ending March 31, 2007. Total sales increased 17.5%, from $1,141,554 to $1,341,610. MESH™ sales increased by 58.7%, from $366,318 to $581,184. Enterphone® sales also increased by $69,722, reversing the trend of 2006. Net Income was $23,360, as compared to a net loss of $110,057 for the quarter ended March 31, 2006.
“We are very pleased with both our total sales and net income,” commented Stephen Pineau, President and CEO of Viscount. “We expect even better growth as we continue to expand our MESH™ dealer network and our future bookings are increasing. We are also releasing a number of additional MESH™ modules in the next two quarters to address requests for upcoming projects in the transportation, marine and educational markets. As we continue to build on our core product and add industry specific applications our growth will continue to accelerate.”
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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