Viscount Systems (VSYS)

[tedpeele]

notes made quickly during call:

one qtr behind
why not growing more?

ficam roadblock -- 1 month ago solved


think additional separate govt in q1 2015

govt changed system -- more delays
think pent demand/orders up will come out q4 and q1, expecting a strong q4 but no numbers given out

commercial: 4 sales people, slower than expected -- said 6 months curve -- 2 are in month 3-4 1 before is now selling, booked -- about to announce 3 new med sized commercial

3rd patent coming out -- will open up another new market -- for protecting children

new freedom software for commercial and fed announced
liberty -- not as good as hoped -- increased now from 12 to 32 doors

mesh legacy -- starting to increase, refreshing this product line -- they do bottom and top -- will be releasing a product for that area

previously had 30% return from technical failures now down to 5% -- much better customer experience, most down to 1%

cash still ok,
biggest hurdle is commercial adoption.

stock price think some selling to support their lifestyle by those no longer with the company

future stategic; deeper into govt now with ficam

commercial -- same as above

continue to finalize mobile devices r&d for schools, hospitals, patent coming up

hiring a respected IR firm in NY, will announce as gets closer..