SOURCE: Visual Management Systems, Inc.

Visual Management Systems, Inc.

December 16, 2009 08:30 ET

CEO Comments on Transition From Integration to Software Development

TOMS RIVER, NJ--(Marketwire - December 16, 2009) - As part of its ongoing transition from systems sales, installation and integration, CEO Jason Gonzalez recently discussed the progress Visual Management Systems (OTCBB: VMSY) has made in its new focus on product development and manufacturing. "Since our inception, VMS has relied on systems sales, installation and integration for its revenue and growth. In late 2008, management and the board evaluated the market, economy and its position in the industry and concluded that the unique technology the company possessed was ready to begin shouldering its own load," Jason Gonzalez, CEO of Visual Management Systems, stated.

He continued, "With our new mission at hand and facing the tumultuous economy, we made many changes to our operations including thinning inventories, reducing our workforce and operating expenses and shifting our sales focus from 'one at a time - installed systems' to licensing and enterprise scale opportunities with major corporate customers. As 2009 winds down, we find ourselves almost completely through an extensive redesign."

In its six years of operations, the company has amassed thousands of customers and installations. The majority of the 2009 revenues have been derived from existing customer relationships through maintenance, service and upgrades. "Our customers continue to use their systems as they always have. We have many customers with service agreements and many others who choose to upgrade their existing equipment," Gonzalez said. "The sales cycle for software development is very different than that of a systems integrator. Large OEM sales require a whole new level of customization and interaction."

The company is engaged in mature discussions with an international fuel and convenience store operator, a national retailer and a prominent university housing provider. These are in addition to ongoing contractual relationships with existing customers in the quick service restaurant industry, entertainment venues and warehousing.

He concluded the discussion by saying, "2009 was the most difficult year the company has been through. We made very tough decisions and endured challenges we had not encountered previously. However, we have orders for the first quarter from existing customers and feel confident about bringing significant new customers on board early in 2010. These new sales will validate the efforts of our software subsidiary, Intelligent Product Development Group."

About Visual Management Systems

Visual Management Systems, Inc. is committed to developing and implementing industry-leading video security technology at affordable price points. For more information, visit www.vmscctv.com or call 877-323-CCTV.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Certain statements in this press release constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements express or implied by such forward-looking statements. The forward-looking statements are subject to risks and uncertainties including, without limitation, changes in levels of competition, possible loss of customers, the company's ability to attract and retain key personnel, the company's ability to raise capital, the continued cooperation of creditors and vendors, national and local economic conditions, the ability of the company to reach agreements with the proposed distributor, joint venture and integration partners discussed in this release, conditions and trends in the video surveillance and security industries in general, the ability of the company to attract enterprise-scale customers, changes in interest rates, commercial acceptance of the company's products, the effect of government regulation on the company's operations and other factors described from time to time in the company's filings with the Securities and Exchange Commission.

Contact Information

  • CONTACT:
    Jason Gonzalez
    CEO
    VISUAL MANAGEMENT SYSTEMS, INC. (OTCBB: VMSY)
    www.vmscctv.com
    732-281-1355