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Burnaby, British Columbia - Thursday, May 25,
2006 - Viscount Systems Inc. (OTCBB - VSYS.OB) announced
today the Company has released its first smart card
version of MESH™. The Company is concentrating
on the new FIPS 201 standard for Homeland Security Presidential
Directive 12 (HSPD-12) applications. MESH™
is currently being evaluated for compliance and Viscount
staff will be in Washington until June 8 meeting with
officials to discuss MESH™.
"With HSPD-12, traditional controller
suppliers have serious problems with compliance and
the additional IT convergent requirements," noted Stephen
Pineau, President and CEO of Viscount. "Every US government
site will be expected to comply and this will involve
upgrading the access control system at each site. Budget
is a major issue and MESH™ can provide
a combination of big savings and increased reliability.
This is the type of opportunity that can really make
our investment in MESH™ pay off."
"Although our Q1 was not well received
our loss was primarily a non cash adjustment of inventory
and exchange. We continue to book large numbers of projects
for the upcoming year(s) and dealer interest continues
to increase. The industry trend towards convergence
is now driving interest in MESH™ and users
who had a hard time conceptualizing the concept are
now beginning to embrace MESH™ type technology."
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:
Nick Waddell
Vice President, Corporate Communications
Viscount Systems, Inc.
Investor Relations
Toll Free 1-866-252-9446
nick@viscount.com
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