SOURCE: View Systems, Inc.

November 12, 2008 16:00 ET

View Systems Announces Positive Year to Date Results and Ongoing Plans

BALTIMORE, MD--(Marketwire - November 12, 2008) - View Systems, Inc. (OTCBB: VSYM) announced today that the firm's recently released quarterly report showed positive third quarter and year to date results.

Net revenues of $199,204 were reported for the quarter ending September 30, 2008 -- up 55% from $128,138 reported at the close of the same quarter last year. Gross profit doubled over the same period last year. Total operating expenses decreased over $500,000 year to date; the year to date September 30, 2008 total is $684,960, down from the $1,195,612 reported year to date September 30, 2007. View's net income per share also improved from a $0.49 loss to $0.07 loss; an improvement of $0.42 per share. All in all, View expects revenues will continue to increase as a result of their efforts.

Gunther Than, CEO of View Systems, states, "In September, we disseminated an information statement to inform our shareholders of a forthcoming reverse-split of our common stock. The share split occurred in October 2008 and was effected in a 1:80 ratio. We intend to strengthen our balance sheet by paying off debt with cash, if possible, or through the exchange of equity securities for the release of debt obligations.

"We have been approached by several M&A groups that would make use of our public structure and/or our net tax loss carry-forward of approximately $8,235,583. We are in negotiations with several companies to merge with or acquire. Our intention is to continue to execute our current business plan until such time, if ever, that we conclude that an acquisition or merger will lead to greater value for our principals and shareholders. We have not finalized any agreements or decisions about any business combination opportunities.

"We intend to hold an annual meeting as soon as practicable. However, no firm plan or date has been identified. Thus, we will issue notice of a meeting at an appropriate time.

"We have also continued to develop international markets in China and the Mid-East and have established international relationships with distributors and dealers. We will be separating our international business from our domestic business to gain efficiency and financial backing."

About View Systems, Inc.: View Systems, Inc. manufactures and installs unique security products to government agencies, schools, courthouses, event and sports venues, the Military and commercial businesses.

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Forward-Looking Statements: This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release 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.

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