June 11, 2015 — Viscount Systems, Inc. (“Viscount”) (VSYS), a software company specializing in physical and logical security solutions, today announced that Shavi Morsara has been appointed Controller and Principal Accounting Officer, effective June 5, 2015.

With an extensive track record working with publically traded technology companies of all sizes, Mr. Morsara brings over 11 years of experience to Viscount. He most recently ran a consulting practice focusing on assisting companies with the development of budgets and forecasts, the maintenance of financial models, and the preparation of product revenue and cost forecast sensitivity.

“As we continue to make progress toward our revenue goals for 2015, we’re taking strategic steps to improve our positioning and lay the groundwork for future growth,” said Dennis Raefield, President and CEO of Viscount. “Mr. Morsara’s extensive financial experience advising high-growth technology companies will be a strong addition to our team as we enter our next chapter.”

“Viscount is truly changing the face of modern facility security,” added Mr. Morsara. “I’m looking forward to being part of a company that’s focused on the future of physical access control, and offering my expertise in financial management to help the company achieve its objectives.”

Prior to his consulting business, Mr. Morsara was the Controller for Recon Instruments Inc., a technology company that provides consumer smart eyewear for sports. There, he prepared quarterly financial statements, financial forecast variance analysis, and oversaw general accounting functions.

Before that, he held a variety of contracting and advising positions for several companies in the technology sector, including Gateway Casinos & Entertainment Limited, a leading Canadian casino entertainment company, Teligence, a dating and chat service, and Intrinsyc Software International, a product development company for connected devices.

Shavi holds a BBA from Simon Fraser University and is a Chartered Professional Accountant.

About Viscount

Viscount is the leading provider of next generation, IT-centric access control and identity management applications. Viscount’s Freedom application platform allows seamless unification of the physical and digital security worlds by replacing discrete, self-contained systems with an integrated security system that is sophisticated enough to protect today’s critical business assets, and flexible enough to keep up with the evolving IT infrastructures of government and private organizations. For more information please visit: www.viscount.com

Safe Harbor Statement

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Contact

Allison Monat / Elizabeth Barker
viscount@kcsa.com
212-682-6300