SOURCE: View Systems, Inc.

April 04, 2007 09:15 ET

View Systems Announces Record Year-End Results

BALTIMORE, MD -- (MARKET WIRE) -- April 4, 2007 -- View Systems, Inc. (OTCBB: VYST), a leading homeland defense solutions provider, announced today the year-end financial results for 2006, ended December 31st.

According to View Systems' recently filed 10K, revenues for 2006 were $1,250,188 compared to revenues of $1,172,163 for 2005. Total operating expenses decreased 60% from $3,005,094 in 2005 to $1,608,321 in 2006. The backlog of orders continues to be in excess of $650,000. Year-to-date sales for SecureScan were $840,713, up from previous year, and year-to-date sales for Visual First Responder held steady at $332,646. As a result of additional products, increased marketing, lower cost of product delivery and wider distribution, the company is another step closer to profitability.

"We are executing our business plan in steady increments, quarter by quarter," stated CEO of View Systems, Gunther Than. "Moving forward our efforts to build a reputable distribution network will continue to result in increased sales both nationally and internationally. In the fourth quarter of 2006 we added a cell phone tracking product with a significantly high price-point and have received great interest from state government authorities. Budget cycles for these products are long and we have developed greater staying power. The objective is to add to the product line with other technologies and accessories. Incremental business opportunities have been opened for add-ons, accessories and biometric interfaces to our install base. Additional regions domestically are being marketed with good results and current markets are being expanded. We have also opened a distribution facility in the country of Bahrain and have sold and installed SecureScan in various facilities. We are adding dealers in every country in the Gulf region through partnerships with established businesses."

About View Systems, Inc.

View Systems, Inc. provides products to law enforcement, military, government agencies, hotels, educational facilities, event and sport venues and commercial businesses. View Systems has a network of distributors, licensees and strategic alliance affiliates. View Systems, Inc. designs and develops computer software and hardware used in conjunction with security capabilities for government and law enforcement agencies, commercial security professionals, private businesses and residential consumers. The Company's product line consists of the SecureScan IV Concealed Weapons Detection System, Visual First Responder and other biometric recognition products. View Systems recently integrated a precision optical biometric fingerprint terminal with the SecureScan product.

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.

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