Viscount Systems (VSYS)

[nynewbie]

And so we end the year with more exciting news? This year the company issued about 40 news releases. In terms of sales related releases there were about a dozen and most of them were for US Citizenship and Immigration. The rest were hirings, duplicate product releases, an award, investor presentations, approvals etc.
I was particularly excited to learn in their June release that the board bought around $9,000 in stock as a group.

The strangest one was the one from September announcing Freedom was now ready for commercial applications. I say strange because they had been announcing commercial and other projects for close to 2 years at schools, prisons, industrial plants etc. I was hoping the new management would ramp up sales and we'd see a flood of more of these types of projects this year but there have been none and this concerns me. In there defense they may be getting quite a few smaller projects that aren't were releasing.

They've burned money like crazy and yet except for their one US Gov't client that is fortunately driving some growth they've really released nothing despite the world's largest stable of VP's and senior management for a company this size.

The CEO said during the Q3 call that he feels about one Q behind the big commericial stuff so if he can be believed we will finally see a flood of contracts in Jan/Feb.