SOURCE: View Systems, Inc.

View Systems, Inc.

May 18, 2011 09:00 ET

View Systems Highlights First Quarter Results; Illustrates Sizeable Order Backlog and Decreased Operating Costs

BALTIMORE, MD--(Marketwire - May 18, 2011) - View Systems, Inc. (OTCBB: VSYM) posted its first quarter report which shows a significant decrease in operating costs, and a considerable open order backlog.

View Systems' 1st quarter report showed a substantial decrease in operating costs; down $447,529 from the same quarter of last year. The decrease was made possible as a result of internal reorganization and efficiency increases.

View also announced its open order backlog totaling $837,319, which includes ViewScan units on order from correctional facilities in New Jersey and Pennsylvania, and from a leading construction chemical company. The open order backlog also includes multiple LAW Handheld Metal Detectors and one VFR: Visual First Responder Hazmat Camera System.

Product inquiries have been received from prospective customers across the country, as well as from security products resellers in other countries including India and Bangladesh. A number of authorized dealer applications have been submitted and are being reviewed as of press time.

Gunther Than, CEO of View Systems, states, "We are pleased with the significant decrease in operating costs compared with the same quarter of last year. We remain focused on concentrating our sales efforts and conserving funds.

"Our 2011 strategy for the ViewScan product line is to extend our sales and service provisions. To increase sales, we will offer demonstrations of our products to potential customers in specific geographical areas and at region-specific trade shows, such as Sheriffs' conventions, Court Administrators' meetings, and other similar types of events.

"Management believes that heightened attention to personal threats, potential large scale destruction and theft of property in the United States along with spending by the United States government on Homeland Security will continue to drive growth in the security products market."

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 on the website 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.

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Contact Information

  • Investors Contact:
    View Systems, Inc.
    Investor Relations
    410-242-8439
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