SOURCE: Viscount Systems Inc.

August 03, 2005 09:00 ET

Viscount to Secure 65 Ontario Properties

BURNABY, BC -- (MARKET WIRE) -- August 3, 2005 -- Viscount Systems (OTC BB: VSYS) announced today that The Company has received orders to secure 65 multi-tenant buildings throughout Eastern Ontario. The systems will be installed by Capello Audio Electronics. The buildings are managed by Minto Developments Inc. of Ottawa. Now in its 50th year of operation Minto has become one of North America's premier real estate companies. Minto also manages Canada's National Capital Commission portfolio of rental properties.

"Our indicators show that 2005 will be another record year for Viscount," noted Stephen Pineau, President and CEO of Viscount. "With MESH sales rapidly expanding and a number of new applications being released our growth rate appears to be increasing. We began booking and specifying MESH for new construction projects late last year and with many now entering completion our second half should also reflect these shipments."

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