View Systems Inc. (fka VSYM)

[harr449]

10-Q: "In August of 2018 we licensed our current version of the ViewScan to a company called Ipvideo Corporation. The conditions of the license are that they will bear all cost of manufacturing and sales and pay View Systems $300 per unit sold by them.

Our strategy for 2019 is to develop a subsequent ViewScan that is technologically superior and has a wider opening. The opening for doorways used in commercial buildings is a minimum of 36 inches. There currently are no Concealed Weapons Detection walkthrough archways that have a standard 36-inch opening. We believe based on past experiments that View Systems is able to create a portal that facilitates a 36 inch plus through way,

Then, the next phase of our business plan will be to raise additional funds through common stock offerings and loans to provide working capital to finance the development of a new and exclusive walk through that will be unique and desirable by security product vendors and for government applications. We also intend to continue to strengthen our balance sheet by paying off debt either through exchange of equity or the payment of debt obligations with cash".