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View Systems Teams With Brazilian Firm Armorin
BALTIMORE, MD, Dec 17, 2012 (MARKETWIRE via COMTEX) --
View Systems, Inc. (OTCBB: VSYM), a rapidly growing provider of
security products for schools, banks and government institutions,
announced today that it has signed an agreement with Armorin, LLC, a
security solutions and armored cars service provider, headquartered
in Rio de Janeiro, Brazil, South America. View and Armorin have
negotiated an agreement to market, sell, assemble, install and
service View System's product line throughout South America. View
Systems regards this relationship as a significant business advance
for future of the company.
According to Tiago Armorim, "View Systems is a clear leader in the
rapidly growing access security and recognition control industry.
View's technology is significantly better, faster and less costly
than the competitors' products. We expect to deliver several hundred
units in 2013. We are setting up operations immediately and will be
delivering product by the second quarter of 2013. Brazil and all
South American countries have a great need for state of the art
security solutions."
Brazil (http://data.worldbank.org/country/brazil) is two thirds the
size of the United States (200 million), is a growing economy and has
an upper middle per capita income. The Brazilian population consists
of one half of the population of South America. Homicide rates in
Brazil are among the highest in the world
(http://observingbrazil.com).
Dr. Martin Maassen, Chairman of View Systems, states, "The company
has broken into new international markets such as China, Pakistan,
Bangladesh, Macao, India, and UAE, but none before in South America.
We are about to change that. Armorin will assemble, sell and service
SecureScans. The expected growth in orders and new product
opportunities is very instrumental to expansion plans. The South
America Venture is expected to provide sales of several hundred per
year. The time is right."
About View Systems: View Systems, Inc. manufactures and installs
weapons detection identification systems, video management platforms
and tele-data communication networks targeted towards correctional
facilities, schools, courthouses, government agencies, event and
sports venues, and commercial businesses. More information can be
found at www.viewsystems.com
Forward-Looking Statements: This press release contains certain
forward-looking statements. Investors are cautioned that certain
statements in this release are "forward-looking statements" and
involve both known and unknown risks, uncertainties and other
factors. Such uncertainties include, among others, certain risks
associated with the operation of the company described above. The
Company's actual results could differ materially from expected
results.
CONTACT:
View Systems
410-242-8439
SOURCE: View Systems, Inc.
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