Viscount Systems to Release 2012 Financial Results
Mar 22nd 2013 8:21AM
Updated Mar 22nd 2013 8:26AM
Viscount Systems to Release 2012 Financial Results
Company to Hold Investor Update Call on Wednesday, March 27 th at 4:15pm EDT
BURNABY, British Columbia--(BUSINESS WIRE)-- Viscount Systems (OTCQB:VSYS), a leading-edge, high technology supplier of security systems and software announced today that its financial results for the year ended December 31, 2012 will be filed with the Securities and Exchange Commission on Wednesday, March 27, 2013.
The Company will host a conference call at 4:15pm EDT on March 27th to discuss the financial results and provide a corporate update. The company will host this call for its shareholders and all interested members of the financial community including analysts, brokers and interested investors.
Stephen Pineau, Chief Executive Officer of Viscount Systems, commented, "We look forward to this call as an opportunity to update our shareholders on the success we've had with our Freedom access control security platform. Last year was the first full year of Freedom sales, and we were able to win early stage contracts with important reference accounts, including: in the federal market, the U.S. Department of Homeland Security; in the industrial market, Methanex, the world's largest producer of Methanol; and in the commercial market, a high-rise condominium project. These deployments helped to demonstrate that Freedom offers enhanced security at a significantly reduced price point when compared to competing systems, and enabled us to close two rounds of financing with our first institutional investors."
"So far in 2013, we have announced follow-on purchase orders from the U.S. government and new contracts with a diverse set of commercial customers, including two school districts, a Canadian hotel chain and a large, U.S. industrial facility. Our pipeline of business opportunities for Freedom is currently valued at more than $12 million, its highest level since the launch of Freedom and a number significantly greater than our pipeline of one year ago. We are working diligently towards converting this potential value into actual sales. We've been in active discussions with strategic channel partners in order to accelerate our market presence and reach, and we expect to conclude agreements with one or more of these companies. Finally, we have improved our ability to execute on our growth plan and manage our growth by bringing on a new Chief Operating Officer and additional salespeople."
Dial-in information for the conference call on March 27, 2013 at 4:15pm EDT is as follows:
North AmericanDial-in Number: 1-800-914-8405
Enter Conference Code: 1709644#
Please email email@example.com and type the word "Reminder" in the subject line to receive an email reminder prior to the event.
Replay information is as follows:
A summary of the conference call will be made available on our Web Site on the Investor Page http://viscount.com/investors/ under "Investor Links" on March 28th.
About Viscount's Freedom Encryption Bridge Solution
Freedom Encryption Bridge is the first and only access control system that allows entry devices (ID cards, RFID readers, biometrics etc.) to be connected to standard building IT networks without requiring expensive control panels that are programmed from a PC. Freedom changes the paradigm of IT friendly access control. It eliminates up to 80% of the cost of traditional systems that require the installation of control panels. And, it utilizes existing logical IT security software (LDAP) to replace both the control panel component and the software component of traditional systems. Freedom drastically reduces system costs while providing a much more secure software solution.
About Viscount Systems
Viscount Systems Inc., designs unified IT and physical security software platforms for building security and emergency planning. Recent awards include the 2012 Microsoft "Be What's Next" Award, the Security Industry Association's Convergence Solution of the Year for 2011, and Homeland Security Platinum Award for Emergency Response and Gold Award for Access Control at GOVSEC 2011.
Safe Harbor Statement
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. In particular, discussions regarding purchase orders and estimated value of potential for sales based on Viscount's pipeline should not be construed as current or projected purchase orders or sales, and there are significant risks and uncertainties associated with achieving purchase orders or sales from business that is considered to be in the pipeline. Given the uncertainties and risks associated with achieving and maintaining sales, information regarding sales, purchase orders and pipeline business should not be interpreted as future projections of performance of sales or profitability. Investors should rely only on actual financial performance as reported in periodic filings made with the SEC in assessing the merits of an investment in Viscount.
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