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  • Viscount Systems, Inc. (VSYS) Announces Release Date Of 2012 Financial Results, Investor Update Call To Follow 0 comments
    Mar 22, 2013 10:32 AM | about stocks: VSYS

    Viscount Systems, a leading-edge supplier of security systems and software, announced today that the company will be filing its financial results for the year ended December 31, 2012, with the SEC on Wednesday of next week.

    The company also told investors that it will be hosting a conference call at 4:15pm EDT on the same day to discuss the financial results and provide a corporate update. Shareholders and all interested members of the financial community, including analysts, brokers and interested investors, are all invited to participate.

    Stephen Pineau, Chief Executive Officer of Viscount Systems, commented, "We look forward to this call as an opportunity to update our shareholders on the success we've had with our Freedom access control security platform. Last year was the first full year of Freedom sales, and we were able to win early stage contracts with important reference accounts, including: in the federal market, the U.S. Department of Homeland Security; in the industrial market, Methanex, the world's largest producer of Methanol; and in the commercial market, a high-rise condominium project. These deployments helped to demonstrate that Freedom offers enhanced security at a significantly reduced price point when compared to competing systems, and enabled us to close two rounds of financing with our first institutional investors."

    "So far in 2013, we have announced follow-on purchase orders from the U.S. government and new contracts with a diverse set of commercial customers, including two school districts, a Canadian hotel chain and a large, U.S. industrial facility," he added. "Our pipeline of business opportunities for Freedom is currently valued at more than $12 million, its highest level since the launch of Freedom and a number significantly greater than our pipeline of one year ago. We are working diligently towards converting this potential value into actual sales. We've been in active discussions with strategic channel partners in order to accelerate our market presence and reach, and we expect to conclude agreements with one or more of these companies. Finally, we have improved our ability to execute on our growth plan and manage our growth by bringing on a new Chief Operating Officer and additional salespeople."

    For more information on Viscount Systems, visit viscount.com

    Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net

    Stocks: VSYS
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