SOURCE: Viscount Systems Inc.

May 15, 2007 14:21 ET

Viscount Reports Profitable Q1 2007

BURNABY, BC -- (MARKET WIRE) -- May 15, 2007 -- Viscount Systems Inc. (OTCBB: VSYS) today announced its results for the first quarter, ending March 31, 2007. Total sales increased 17.5%, from $1,141,554 to $1,341,610. MESH sales increased by 58.7%, from $366,318 to $581,184. Enterphone sales also increased by $69,722, reversing the trend of 2006. Net Income was $23,360, as compared to a net loss of $110,057 for the quarter ended March 31, 2006.

"We are very pleased with both our total sales and net income," commented Stephen Pineau, President and CEO of Viscount. "We expect even better growth as we continue to expand our MESH dealer network and our future bookings are increasing. We are also releasing a number of additional MESH modules in the next two quarters to address requests for upcoming projects in the transportation, marine and educational markets. As we continue to build on our core product and add industry specific applications our growth will continue to accelerate."

About Viscount Systems

Viscount Systems Inc. is a designer and manufacturer of telecommunications and electronic door control access systems for the security industry. From 1969-1997 Viscount was an R&D affiliate of Telus, itself a controlled subsidiary of GTE, now Verizon Communications. The company's diverse line of products are designed to improve safety and manage security for property owners and users. Viscount's products have been installed in approximately 35,000 sites in over 30 countries and are sold through a 500 member, North America-wide dealer network comprised of security equipment vendors. Additional information on Viscount's products may be obtained on-line at

Financial statements are available from the company's registration statement filed with the U.S. Securities and Exchange Commission on February 6, 2002, which may be viewed at or the company's web site under the heading "Investor Relations." For further information, or to be placed on email NEWS ALERT please e-mail to or call toll free 1-866-252-9446.

Safe Harbor Statement

This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities of Viscount Systems Inc., nor shall there be any sale of any such security in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

Forward-looking statements: This press release and other statements by Viscount Systems Inc. may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "position," "assume," "potential," "outlook," "continue," "remain," "maintain," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," or similar expressions.

Contact Information

  • For more information, contact:

    Viscount Systems Inc.
    VP, Corporate Communications
    Toll Free 1-866-252-9446
    Email Contact