2014-03-31 14:03:35 -
Burnaby, British Columbia (FSCwire) - Viscount Systems (OTCQB:VSYS), a leading edge, high technology supplier of security systems and software, today announced its results for the year ended December 31, 2013.
Revenues for the year ended December 31, 2013 were $4,134,886, an increase of 14.8% as compared to the year ended December 31, 2012. The company's net loss for the year, before non-cash and other items, was $974,515, a 29.4% decrease as compared to the year ended December 31, 2012.
Revenues for the Company's IT-based Freedom access control solution were $991,831, an increase of $633,747, or 277.0%, vs. the same period in 2012.
Dennis Raefield, Viscount’s newly appointed CEO will hold a conference call to review these results and provide a corporate
update on Monday, March 31st at 4:30 pm ET. To register follow the instructions below:
Please join the conference call through the use of your computer speakers by clicking on:
Simply call in at:
Canada: +1 (647) 497-9373
United States: +1 (213) 493-0014
Access Code: 136-860-877
Audio PIN: Shown after joining the meeting if you sign in with a computer
Should you have questions during the call please send an email to
About Viscount's Freedom Access Control Solution
Freedom is the first and only access control system that allows entry devices (ID cards, RFID readers, biometrics etc.) to be connected to, and controlled by, standard building IT networks without requiring expensive control panels. This eliminates up to 60% of the cost of traditional access control system hardware. Freedom also utilizes existing IT permission databases (Microsoft Active Directory or LDAP) to replace the software component of traditional systems. Freedom drastically reduces system costs while providing a much more secure software solution.
About Viscount Systems
Viscount Systems Inc., designs unified IT and physical security software platforms for building security and emergency planning. Recent awards include the 2012 Microsoft "Be What's Next" Award, SIA Convergence Solution of the Year 2011 and Homeland Security Platinum Award for Emergency Response and Gold Award for Access Control at GOVSEC 2011.
Safe Harbor Statement
Forward looking statements: This press release and other statements by Viscount Systems Inc. may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "position," "assume," "potential," "outlook," "continue," "remain," "maintain," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," or similar expressions.
Viscount Systems Inc.
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Source: Viscount Systems Inc. (OTCQB:VSYS) viscount.com/
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