Business Services Industry
View Systems Inc. Announces 200 Percent Increase in Revenues
Business Wire, Oct 21, 1999
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Oct. 21, 1999--
View Systems Inc. (OTCBB:VYST) announces that sales for the third quarter tripled as compared to the second quarter. The company has added significantly to its network of value-added resellers and strategic partners recently.
"Several new agreements will continue to drive our revenue growth. I am especially excited about the Illinois Beverage Association. We have taken the first steps to an exclusive agreement in which VYST would provide product to the ILBA membership. The significance of this alone means access to potential revenue in the tens of million," said Gunther Than, President, View Systems, Inc.
VYST first production run of the SecureView-4, SecureView-8 and SecureView-15 was completed at the end of August. Within three weeks over half the production run was sold. The industry's acceptance of the product is evident worldwide.
View Systems manufactures and markets surveillance systems implementing a proprietary digital technology for compression, storage and transmission. The Company's products have a powerful user interface, which permits access from across town or half way around the world.
View Systems is an exhibitor at the fall COMDEX show in Las Vegas, Nevada, held from November 15th through November 19th. COMDEX is the world's largest and most influential information technology event for resellers, corporate decision-makers and industry influencers. Recognized as the industry barometer, COMDEX events cover the technology spectrum, from the desktop to the server to Internet-enabled computing and communications technologies.
The above statements, regarding this announcement, which are not purely historical are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including View Systems, Inc. beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and based on information available to View Systems Inc. as of such date. It is important to note that actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could actual results to differ materially include risks and uncertainties such as technological, legislative and marketplace changes.
For additional information call 1-877-VIEW INC (1-877-843-9462) or visit our web site at www.viewsystems.com. Brokers and Analysts contact Columbia Financial Group, Inc. 888-301-6271.
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