SOURCE: Advanced Visual Systems

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October 22, 2009 06:30 ET

Advanced Visual Systems to Spin Off New Technology for Monitoring Enterprise Networks

WALTHAM, MA--(Marketwire - October 22, 2009) - Advanced Visual Systems Inc. ( (PINKSHEETS: AVSC), a data visualization software innovator, plans to spin off a new technology for monitoring and managing Enterprise IT and revenue networks. The company is in discussion with several potential partners and plans to debut the spin off before year-end.

The new entity, in which AVS will hold a significant stake, will be known as VizStar and will develop comprehensive solutions for Enterprise use with AVS's well-established OpenViz technology. OpenViz has been widely applied in the fields of business intelligence, customer analytics and risk management and is highly suited to visualize sophisticated real-time Enterprise operations.

According to David M. Murray, President of AVS, "Based upon our experience working with several visionary Enterprise accounts, we see an emerging demand for real-time solutions that reveal the hidden stresses and inefficiencies of large corporate IT and revenue networks. Our plan is to create applications that not just identify performance issues -- but also provide ways to easily test and implement changes that will directly lead to improved profitability."

Upon formation, VizStar plans to immediately commence development of a solution for use by IT professionals to monitor, manage, and administer the capacities and requirements of sophisticated computer, communication and disaster recovery networks. Anticipated benefits for VizStar customers include increased utilization of IT assets and a significant reduction in energy consumption.

The company also plans to develop a branded solution that will tap into Enterprise business intelligence, ERP and revenue systems and allow executives to explore "what-if" scenarios that can lead to more profitable methods of operating and interacting with customers.

Murray added, "We believe that VizStar customers will achieve new levels of performance optimization with high performance solutions that save time, money, energy and effort. The name of the game in Enterprise software is improving the speed and quality of decisions, and we're planning to deliver with exceptional value and results."

About Advanced Visual Systems Inc.

Advanced Visual Systems Inc. (AVS) provides industry-leading, interactive data visualization software and solutions that help business, scientific and engineering users gain critical insight from all types of data. AVS's complete line of software products speed decision-making by bringing information to life using the latest in graphics, Web-based and interactive technologies on all major computing platforms.

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Copyright 2009 Advanced Visual Systems Inc. All rights reserved.

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's public filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.