SOURCE: Visual Management Systems

April 30, 2008 08:00 ET

Visual Management Systems Announces the Completion of Its Acquisition of Intelligent Digital Systems

TOMS RIVER, NJ--(Marketwire - April 30, 2008) - Visual Management Systems, Inc. (OTCBB: VMSY), a full-spectrum Digital Surveillance provider, is pleased to announce that it has completed the acquisition of substantially all the assets of Intelligent Digital Systems, LLC., a leading enterprise surveillance software development company and manufacturer of the TechEye® Line of Network and Digital Video Recording Devices.

As part of the transaction, Visual Management Systems (VMSY) and Intelligent Digital Systems (IDS) entered into a joint venture to obtain approval of certain patent applications formerly held by IDS that are relevant to VMSY's industry which have been assigned to the new entity. The joint venture has granted VMSY an exclusive license to use the technology which is the subject of the patent applications in the manufacture, distribution, integration and installation of digital video surveillance devices for the security industry.

With this acquisition VMSY will seek to expand its customer base through agreements with prominent security and technology distributors. The acquisition provides further opportunities for VMSY to market to industrial, enterprise, municipal and government surveillance users. This acquisition is expected to position VMSY to increase top line revenues of Visual Management Systems' PDG subsidiary.

Jason Gonzalez, president and CEO of Visual Management Systems, stated, "Entering new channels and expanding to enterprise-level customers has always been a key element of our business plan. We are now better positioned to address the needs of enterprise and government security markets, and further assist our commercial users with operational performance gains in traditional safety and security."

The proprietary TechEye® software, trademarks and patent applications also serve to increase VMSY's intellectual property portfolio. In addition to new releases of the core TechEye® products, VMSY plans to expand upon the existing offering to introduce several additional surveillance products and software versions that offer new features and functionality throughout the remainder of the year.

About Visual Management Systems

Visual Management Systems, Inc. is a publicly held manufacturer and marketer of loss prevention systems with shares traded under the stock symbol VMSY. VMSY delivers online corporate surveillance solutions anytime, anywhere that can help companies improve safety and security, worker productivity, customer service and return on investment. Users of VMSY's surveillance technologies can view their operations live from anywhere in the world. Through its wholly owned subsidiary, Visual Management Financial Services, the company provides flexible financial options for equipment and service purchases, making VMSY solutions affordable for all types of businesses. For more information visit the company's Web site at http://www.vmscctv.com or contact corporate headquarters at 1-877-323-CCTV.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements express or implied by such forward-looking statements. The forward-looking statements are subject to risks and uncertainties including, without limitation, changes in levels of competition, possible loss of customers, and the company's ability to attract and retain key personnel.

Contact Information

  • Investor Relations Contact:
    Mercom Capital Group, llc
    1-512-215-4452
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