SOURCE: Viscount Systems Inc.

July 20, 2005 09:00 ET

Viscount to Be Covered in Homeland Security Sector Report

BURNABY, BC -- (MARKET WIRE) -- July 20, 2005 -- Investrend Research Syndicate announced that it will initiate coverage on Viscount Systems (OTC BB: VSYS). The Company will receive special Spotlight Analytics coverage in the upcoming Homeland Security Sector Report and quarterly Updates being produced by Investrend Research in partnership with Cronus Capital Markets and under the auspices of the Homeland Security Industry Association.

"MESH is being specified and quoted at increasing numbers of Homeland Security related sites," noted Stephen Pineau, President and CEO of Viscount. "Our MESH Redundancy Servers are the first industry solution for preventing system service downtime that compromises security in these facilities. It is important that as we continue to generate interest and create success we share this with other end-users and generate value for our investors."

The Homeland Security sector coverage is being administered by Investrend Research analyst Ryan Fuhrmann, CFA. Spotlight coverage of Viscount Systems will be provided by Investrend Research analyst Michael Anderegg, CFA. The analysts' credentials can be viewed at

The Homeland Security Industries Association, with 400 members, has endorsed what it considers to be an important upcoming homeland security sector report and analytics coverage. It is offering a special member to companies that enroll for the coverage.

HSIA, which is a private sector representative to the U.S. Department of Homeland Security, is participating in a strategic partnership with Cronus Capital Markets and Investrend Research to initiate and provide continuous unifying analyst coverage on the fastest growing financial sector since the advent of the Internet. The organization said it will be a major contributor to the Homeland Security Sector Report project commissioned by Cronus Capital Markets, a leading research and consulting firm for the Homeland Security industry.

HSIA has formed a comprehensive strategic partnership with Cronus Capital Markets for the Homeland Security Sector, as well as other initiatives aimed at unifying this newly formed sector. The HSIA provides a mechanism for government and the private sector to coordinate on a wide range of homeland security issues.

According to Bruce Aitken, HSIA's President, "It's clear that investment in the homeland security sector will continue to be an essential component in executing current government homeland security directives. Moreover, investment in the R&D initiatives that will guide future homeland security policies is even more crucial to meaningful and measurable homeland security.

"Yet, over the last couple of years, due to a lack of comprehensive information, the market has been forced to approach the homeland security sector in a fragmented fashion.

"Our partnership with CCM and subsequent involvement with the Homeland Security Sector Report (HSSR), which the HSIA will act as a major contributor, will be a major factor in changing the way investors research companies in the homeland security arena. We are confident that the HSSR and the CRD will make a significant contribution to homeland security investing."

Michael Soni, CCM's Founder and CEO, states the partnership between his company and the HSIA will offer a unique service to an expanding and important sector.

"Our partnership with the HSIA will benefit both smaller and larger member companies; by providing access to the highest quality independent research coverage, which will have the effect of increased liquidity for those companies that are relatively illiquid and greater transparency for larger more established companies. Together, our actions will generate enhanced investor interest in the homeland security sector as a whole," Soni said.

The research found in the HSSR will be completely independent in nature and will provide detailed coverage of the following six Homeland Security Missions and sub-missions; [Intelligence & Warning (Domestic Intelligence, Foreign Intelligence), Border & Transportation Security (Aviation, Maritime, Ground Transport, Land Border), Domestic Counterterrorism (Domestic Prevention, Foreign Prevention), Protection of Critical Infrastructure and Key Assets (Physical Security, Air/Sea Entry Points, Cyber Security), Defense Against Catastrophic Threats (Bioterrorism, Nuclear/Dirty Bomb), and Emergency Preparedness & Response (Preparedness, Mitigation)].

The HSSR will also provide analysis on homeland security spending, market size, growth arenas, the regulatory environment and sector trends. In addition, commentary on Homeland Security technologies such as sensor, screening, biometrics, RFID, cyber-security, and others, will be present.

The HSSR, which will include a Company Research Directory (CRD), will be distributed at no cost to investors through the Investrend distribution network in early Q2 2005. The CRD will be comprised of "Spotlight Reports," which the two homeland security pioneers advise will "provide homeland security related companies with independent research and analysis to ensure that their corporate profile is heightened, within the context of widely available independent research coverage."

"The 'Spotlight Reports,' which comprise the CRD, will present to investors in an easy to read format the Homeland Security activities of a particular company. This analysis will provide investors with the ability to ascertain the degree and nature of involvement that a particular company has within the Homeland Security Industry," Soni explained.

In addition to the reports and research, CCM will also work with certain under-funded HSIA member companies to perform the necessary research and analysis to secure funding through its private equity research and consulting activities directed towards the institutional investor community.

"We plan a series of CCM/HSIA Institutional Investor Forums for HSIA members, and other companies, to tell their stories and increase their profile to institutional investors," HSIA's Aitken said.

Cronus Capital Markets, with offices in Toronto and New York, operates as an independent and privately owned capital market research and consulting firm.

They are not a division of a bank or brokerage firm, and are fully committed to providing objective capital market research and consulting services. As a result, they are able to function without bias or compromise, while maintaining absolute objectivity and accountability in their work.

CCM Research is focused in three areas: index creation and development, private equity research, and public equity research. Currently, CCM provides extensive research coverage and expertise for the Homeland Security Sector, resulting in CCM's establishment as a leading research and consulting firm as it relates to this sector.

CCM Consulting, using insights from its research division, consults in two areas: index creation and development, and private equity opportunities.

Financial institutions, ranging from securities exchanges to institutional investors, regard their capital market research and related consulting as integral components in their decision making process when searching for innovative, high impact opportunities.

CCM, at, has quickly gained a reputation for original thinking, and as a result, is recognized as a firm at the forefront of capital market research and consulting.

HSIA, at, with over 400 members, has chapters across the United States, Canada, Europe, and the Middle East. The Association monitors and analyzes legislation, regulation, and related hearings concerning homeland security; coordinates and disseminates to its members information regarding federal, state, and local requests for proposals (RFPs) related to homeland security procurement; develops position papers, reflecting industry positions and concerns that may be shared with government officials; and provides networking opportunities among industry and government leaders.

Investrend Research has been the leading independent equity research publishing and distribution program since 1996, with over 70 AIMR-qualified professional analysts posting more than 700 reports to date. Anyone may enroll a company in the Investrend platforms.

Analysts are paid in advance for their initial reports by Investrend Research to limit or eliminate pecuniary interests, and no one associated with the program may own or trade in the equities of companies under coverage.

Investrend Research subscribes to the "CFAI-NIRI Analyst/Issuer Guidelines" and the "Standards for Independent Research Providers" at Fees for "Spotlight Reports" are $4,000 per quarter, and the fees were paid by the company.

Anyone interested in receiving alerts regarding Viscount research or webcasts should e-mail with "VSYS" in the subject line, or click on

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:
    Nick Waddell
    Vice President, Corporate Communications
    Viscount Systems, Inc.
    Investor Relations
    Toll Free 1-866-252-9446
    Email Contact