SOURCE: View Systems, Inc.
BALTIMORE, MD--(Marketwire - Aug 31, 2012) - View Systems, Inc. (PINKSHEETS: VSYM), a rapidly growing provider of security products, announced today that it has completed the filing of its financial statements needed to bring its status with the SEC to current.
Dr. Martin Maassen, Chairman of View Systems, stated: "We are pleased to have completed the process to become current. Our financial partner Renova is partnering to grow our existing business and evaluate various opportunities and alternatives with other companies and products. The principals of Renova have demonstrated success in utilizing their broad business experience in assisting companies of our size in realizing optimal shareholder returns. We are confident that in conjunction with Renova we can finance our growth and enhance shareholder value."
"View Systems is a clear leader in the rapidly growing access security and recognition control industry," noted Jerry L. Robinson, Managing Director of Renova Partners. "Its technology is significantly better than the competitors who cannot operate in certain environments. The company has entered into the growing educational facilities markets which augments the sports, law enforcement and public and private facilities business. The company is now including facial recognition in its product suite. The rapid growth in new orders, expansion of long standing relationships, new customer inquiries and new product opportunities is very promising for View Systems. This is the type of firm that Renova can provide a broad array of financial advisory services and assist in their growth."
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.
About Renova Partners: Renova Partners, LLC was founded in 2009 to identify and unlock value drivers for community banks and emerging middle market companies. For bank clients Renova provides loan/asset sales services, special asset management advisory services, risk management solutions and restructuring assignments. The Investment Banking team works with emerging middle market companies and community banks to provide advice on capital raises, M&A transactions and other strategic assignments. Renova Partners can be found on the Web at www.RenovaPartners.net.
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.