SOURCE: View Systems, Inc.
BALTIMORE, MD--(Marketwired - Sep 30, 2013) - View Systems, Inc. (OTCQB: VSYM), a rapidly growing provider of security products for schools, event planners, banks and government institutions, announced today that Mr. Walter Raquet has made an investment directly into View Systems. Mr. Raquet's purchase of shares from View Systems will allow View Systems to accelerate its sales efforts and provide funds for new product development.
Walter Raquet is currently the Chairman of Bolton LLC, an investment management company. He is also a director for Liquid Holdings Group, LLC (LIQD) and Green Earth Technologies Inc. (GETG). He was chairman of WR Platform Advisors LP, a technology platform and service provider of managed accounts for hedge fund investments from 2004 to 2011. Mr. Raquet was also a co-founder of Knight Securities. He served as Knight's Chief Operating Officer from its inception in 1995 until 2000 and its Executive Vice President from 1998 through 2002. He also served as a member of Knight's Board of Directors from 1995 through 2002.
Prior to Knight, Mr. Raquet was a Senior Vice President with Spear, Leeds & Kellogg/Troster Singer and a Partner at Herzog Heine & Geduld, Inc., where he directed the firm's technology and marketing efforts. Also, Mr. Raquet was Corporate Controller for Paine Webber Incorporated, Executive Vice President of Cantor Fitzgerald and Controller for Weeden & Co. Mr. Raquet is a certified public accountant and practiced at the accounting firm of Price Waterhouse. Mr. Raquet received a BS degree in Accounting from New York University.
Gunther Than, CEO, View Systems stated, "It is a great vote of confidence for View Systems to have someone of the caliber of Mr. Raquet invest in the company. The breadth and depth of his experience will be of value to our strategic plans going forward. Mr. Raquet's investment, along with his guidance and assistance, will be of particular benefit to our growth strategy."
Dr. Martin Maassen, Chairman of the Board, View Systems remarked, "I can speak for the rest of the Board of Directors when I say that Mr. Raquet's investment marks another significant milestone for View Systems. Mr. Raquet's knowledge and expertise in technology and marketing, and diverse and successful management experience, will be of value in helping refine and execute our business plan."
About View Systems: View Systems, Inc. manufactures and installs weapons detection identification systems, video management platforms and tele-data communication networks targeted towards correctional facilities, schools, courthouses, government agencies, event and sports venues, and commercial businesses. More information can be found at www.viewsystems.com
Forward-Looking Statements: This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.