SOURCE: Intelligent Product Development Group, Inc.

Intelligent Product Development Group, Inc.

February 24, 2010 08:29 ET

VMSY Board of Directors Approves Name Change and CEO Issues Update

TOMS RIVER, NJ--(Marketwire - February 24, 2010) - At the recent Board of Directors meeting, Visual Management Systems, Inc. (OTCBB: VMSY) received approval to formally change its name as suggested earlier this year. The company's new name will be Intelligent Product Development Group, Inc. "As I stated in previous communications, this is a positive change and reflects our new mission and direction perfectly," said CEO Jason Gonzalez.

"After the board meeting and in light of several recent developments, I worked with management to prepare a comprehensive update," Gonzalez went on to say. "There has been significant progress at the company and we felt it was important to communicate with our shareholders."

The company soft-launched its new website, http://www.intelligentpdg.com, and the CEO's letter to shareholders can be downloaded from the home page.

About Visual Management Systems (Intelligent Product Development Group, Inc.)

Visual Management Systems, Inc. (Intelligent Product Development Group, Inc.) and its subsidiaries VMS, LLC and IPDG, LLC are committed to developing and implementing industry-leading video security technology at affordable price points. For more information, visit http://www.intelligentpdg.com or call 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, the company's ability to attract and retain key personnel, the company's ability to raise capital, the continued cooperation of creditors and vendors, national and local economic conditions, the ability of the company to reach agreements with the proposed distributor, joint venture and integration partners discussed in this release, conditions and trends in the video surveillance and security industries in general, the ability of the company to attract enterprise-scale customers, changes in interest rates, commercial acceptance of the company's products, the effect of government regulation on the company's operations and other factors described from time to time in the company's filings with the Securities and Exchange Commission.

Contact Information

  • CONTACT:
    Jason Gonzalez
    CEO
    Intelligent Product Development Group, Inc.
    www.vmscctv.com
    732-281-1355