SOURCE: Visual Management Systems

November 30, 2007 14:00 ET

Visual Management Systems Signed a Definitive Agreement for $3 Million in Institutional Funding

TOMS RIVER, NJ--(Marketwire - November 30, 2007) - Visual Management Systems, Inc. (OTCBB: VMSY), a leading digital surveillance company, announced today that it has signed a definitive agreement to close a private placement of Senior Secured Convertible Debentures with a leading institutional investor, for gross proceeds of $3 million.

"The closing of this financing will immediately impact our top line by allowing the company to expand marketing and branding initiatives and complete the development of Virtuoso(SM), our custom business management platform," said Jason Gonzalez, CEO of Visual Management Systems. "During 2008, the company will benefit from an increased capacity for growth and an improved ability to develop and market innovative products and services while focusing on increasing brand awareness and market penetration."

"We are especially excited to have such a well-known institutional investor as a partner because of their successful experience of investing in developing companies," continued Gonzalez. "Finding the right investor is often as difficult as finding the right investment. In this case, I believe we are fortunate to have found both."

Kuhns Brothers Securities Corporation acted as sole placement agent.

About Visual Management Systems

Visual Management Systems, Inc. (VMS) is a publicly held manufacturer and marketer of loss prevention systems with shares traded under the stock symbol VMSY. VMS delivers online corporate surveillance solutions anytime, anywhere that can help companies improve safety and security, worker productivity, customer service and return on investment (ROI). Users of VMS'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 VMS 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:
    Wendy Prabhu
    Mercom Capital Group, llc
    1-512-215-4452
    Email Contact