|By Business Wire||
|May 14, 2014 05:52 PM EDT||
Viscount Systems (OTCQB:VSYS), a leading edge supplier of security systems and software, will file its 10-Q today in addition to announcing Q1 results for the quarter ending March 31, 2014.
Revenues for the quarter ended March 31, 2014 were $936,873, an increase of $108,553, or 13%, as compared to the comparable quarter in 2013. Sales of the Company’s IT-based access control solution called Freedom, rose by 54%.
The company’s net loss for the quarter ended March 31, 2014, before non-cash and other items, was $528,663, as compared to a loss of $256,571 for the quarter ended March 31, 2013. The higher net loss is primarily due to increased spending on R&D and sales/marketing staffing following the recently completed capital raise.
Conference Call to Review Results
Dennis Raefield, CEO and President of Viscount Systems, will hold a conference call Thursday May 15 at 4:15 pm EST to discuss Q1 results.
Join the meeting by following the procedures below.
1. Please join by going to:
2. Join the conference call:
Canada: +1 (647) 497-9351
United States: +1 (215) 383-1010
Access Code: 346-179-917
Meeting ID: 346-179-917
Should you have questions during the event please send an email to [email protected]
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.
Secure Strategy Group
Viscount Systems Inc.
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.
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