SOURCE: Visual Management Systems, Inc.

Visual Management Systems, Inc.

May 21, 2010 08:31 ET

Intelligent PDG CEO Comments on First Quarter Results and Continuing Transition to Software Development

TOMS RIVER, NJ--(Marketwire - May 21, 2010) -  (OTCBB: VMSY) "With the first quarter of 2010 behind us, we are confident about how our transition to software and product development has been progressing. It has been no small task retraining our staff, customers and shareholders about the differences between what we used to do and what we do now," stated Jason Gonzalez, CEO of Visual Management Systems, Inc. He continued, "While we have performed a tremendous amount of work, we have also made a tremendous amount of progress."

"Though more than half of our first quarter revenue comes from long-time integration customers, we feel the second quarter looks positive, and iPDG should see some steady growth in its new business model which focuses on sales through distribution and dealer channels." He said, "We have engaged a national master distributor, made significant headway with regional independent distributors, continued with large scale integrators and made progress in software licensing with large end-users. These are all milestones we planned for and expected."

"In the past year the company has rolled out its FlexTH and TrueHybrid Surveillance Platform lines through distribution, completed channel partner programs with several major manufacturers, is beta testing a smart phone application, successfully developed a video transmission protocol to deliver streaming video over the nominal bandwidth of a satellite uplink and is working to be among the first to integrate SCADA telemetry data into video for use in the oilfield services industry." Gonzalez added, "There is a lot going on. We have successfully turned out something new every few weeks to meet the requests and demands of our new customer base."

Gonzalez concluded the discussion by saying, "We took a risk last year when we stepped out of our comfort zone of integration and determined that our future was in the hands of our software subsidiary, Intelligent Product Development Group. It took a major commitment from management and our staff to essentially start over right in the midst of a financial crisis. If the successes we're starting to see are indicative of what is coming, then the rest of 2010 should be very exciting."

About Visual Management Systems and Intelligent Product Development Group

Visual Management Systems, Inc. and its subsidiaries Intelligent Product Development Group, LLC and Visual Management Systems, LLC are committed to developing and implementing industry-leading video security technology at affordable price points. For more information, visit www.intelligentpdg.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