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Serious Stock Strength : VSYM.OB
Compnay: VIEW SYSTEMS INC (Value : $0.065)
Syml: VSYM.OB
Sector: Security Software & Services
Tarrget: $0.90
Ratting: very bullish
BALTIMORE, MD--(MARKET WIRE)--Feb 18, 2009 -- View Systems, Inc. (OTC BB:VSYM.OB - News),
a security and teledata solutions provider, further commented on the recently announced contract with
Verizon FIOS Solutions.
The agreement tasks View Systems, Inc. to install and run fiber optic cable to 25,000 apartment units in Virginia.
Additional requirements could potentially increase the size of the total contract to $10 to $12 million.
Security and surveillance systems are a potential for incremental revenues.
The company will begin work on March 9th and anticipates completing the project during the fourth quarter of this year.
However, some of the revenues from this contract will be recognized in the second quarter.
"This contract will result in record sales for the company and will align us with one of the predominant leaders
in the communications industry," stated View Systems CEO Gunther Than. "We welcome this opportunity from Verizon
to expand its cutting edge FIOS technology and look forward to a long lasting relationship with the telecom giant.
As a result of this agreement, our management team will revise our fiscal projections to reflect the increase in revenues
and earnings."
About View Systems, Inc. manufactures and installs weapons detection identification systems, video management
platforms and teledata communication networks targeted towards correctional facilities, schools, courthouses,
government agencies, event and sports venues, the military and commercial businesses.
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