SOURCE: Viscount Systems Inc.

September 06, 2005 09:00 ET

Viscount Signs Investment Banking and Advisory Agreement

BURNABY, BC -- (MARKET WIRE) -- September 6, 2005 -- Viscount Systems (OTC BB: VSYS) announced today that company has entered an Investment Banking and Advisory Agreement with Mallon Associates, Inc., a New York investment bank specializing in the security industry. Under the terms of the agreement, Mallon Associates will act as financial advisors for any future merger, acquisition, strategic alliance or capital raise.

"Mallon Associates is a leading and respected Investment Bank in the security industry," noted Stephen Pineau, President and CEO of Viscount. "Their experience and relationships will be a major asset as the interest in our new MESH facility operating system continues to grow. We are generating opportunities for MESH not just in the security sector but in telephony and the increasing trend that predicts security moving to an IT appliance architecture. The MESH software platform is a threat to hardware-based systems that predominate the physical security industry and the assistance of Mallon will be critical in determining our future path and company structure."

"We are very excited about working with Viscount," said Jack Mallon, Senior Managing Director of Mallon Associates. "Their cutting-edge technology will, we believe, have a significant impact on the marketplace."

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 http://www.viscount.com.

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 www.sec.gov or the company's web site www.viscount.com under the heading "Investor Relations." For further information, or to be placed on email NEWS ALERT please e-mail to ir@viscount.com 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:
    Nick Waddell
    Viscount Systems, Inc.
    VP, Corporate Communications
    Toll Free 1-866-252-9446
    Email Contact