Intelligent Product Development Group Enters Into Master Distribution Agreement
March 09 2010 - 8:29AM
Marketwired
Intelligent Product Development Group, LLC. (iPDG), a subsidiary of
Visual Management Systems, Inc. (OTCBB: VMSY), a leading developer,
manufacturer and provider of video surveillance technologies, has
entered into a Master Distribution Agreement with a Lafayette, LA
based logistics consortium operating under the name VMS Dealer
Group, LLC.
The agreement calls for VMS Dealer Group to market various iPDG
product lines including the company's flagship TrueHybrid® SP, and
its Flex TH-Touch and Flex TH-Go series of digital, network, hybrid
and wireless video surveillance solutions. VMS Dealer Group will
offer the iPDG products throughout the United States through
security specific distributors, systems integrators and security
dealers. Additionally, the master distributor will serve as a
principal logistics headquarters, warehousing and shipping facility
as well as base of operations for national dealer training and
regional OEM sales. VMS Dealer Group has OEM access to iPDG's full
product platform, software development resources and use of
selected trademarks, trade names and products. Millard P. Dumesnil
III, the President of VMS Dealer Group, said, "There are many
synergies between our company and iPDG. Our network has been very
receptive to the products and services we can offer through our
agreement. It seems obvious that we have gotten off to a fast start
based on how quickly the orders and contracts began coming in. It
is a very exciting opportunity for us and our business partners and
associates."
In consideration of privileges granted by the Master
Distribution Agreement, VMS Dealer Group has agreed to commit to
minimum quarterly purchase volume levels of $750,000 in iPDG
products for distribution to their channel. As part of the
Agreement they have also placed an initial stocking order
sufficient to satisfy their requirements year-to-date. They are
currently in discussions with several national and regional
distributors, systems integrators and security dealers to begin
carrying and offering the iPDG product lines.
Management of VMS Dealer Group has extensive experience in
national and regional security products distribution, enterprise
commodity distribution, logistics, finance and sales in addition to
residential and commercial construction trades. "When the VMS-DG
management team detailed the experience that the partners had in
every relevant field, we immediately recognized the potential,"
said Jason Gonzalez, CEO of Visual Management Systems, Inc. He
continued to say, "After one of their related companies operated a
successful regional dealership, we entertained initial
conversations about the idea. They showed their commitment by
expanding their office space and warehousing, recruiting top-tier
sales management and demonstrating their willingness to acquire a
distribution-ready inventory. We are convinced about their ability
to facilitate distribution on a national level."
The execution of the Agreement follows negotiations between the
parties during the months of January and February. It required
scaled-up forecasting on iPDG's part. "Without an organization like
VMS-DG, iPDG had planned to build its dealer organization first,
and then move to a distribution platform," Gonzalez said. "The fact
that we can start with distribution and then bring dealers into the
fold makes our growth more orderly. This was definitely a
right-place, right-time scenario."
VMS Dealer Group hired Robert Russell, a 20-year industry
veteran, to head up its distribution sales division. Russell, whose
most recent position was with Tyco subsidiary, DSC, commented on
the Master Distribution Agreement between the two companies, "the
iPDG product line is the first of its kind. We are thrilled with
the reception we've had by some of the largest and most influential
distributors in the industry. The commitment to success on behalf
of both iPDG and our company is exhilarating. We view this as an
once-in-a-lifetime opportunity to introduce something entirely new
to the security industry."
Gonzalez added, "We are very pleased with our progress. We
believe these early successes validate our new business plan and
should help with our financing efforts." He concluded by saying,
"We believe this agreement is a huge win for iPDG. Even at minimum
volumes, it facilitates our ramp up and speeds up progress to
execution of the new plan. Most importantly, it allows the company
to keep a very tight focus on marketing and branding."
About Visual Management Systems, Inc. and Intelligent Product
Development Group
Visual Management Systems, Inc. and its subsidiaries Intelligent
Product Development Group, LLC and Visual Management Systems, LLC
are committed to developing and implementing industry-leading video
security technology at affordable price points. For more
information, visit www.intelligentpdg.com or call 877-323-CCTV.
About VMS Dealer Group, LLC
VMS Dealer Group, LLC is headquartered in Lafayette, LA. The
company is a national distribution and logistics firm specializing
in delivering OEM technologies to the security and surveillance
market. For corporate or sales inquiries, contact Robert Russell of
VMS Dealer Group at 228-229-5335.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
Certain statements in this press release constitute
'forward-looking statements' within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the company to be materially different from any
future results, performances or achievements express or implied by
such forward-looking statements. The forward-looking statements are
subject to risks and uncertainties including, without limitation,
changes in levels of competition, possible loss of customers, the
company's ability to attract and retain key personnel, the
company's ability to raise capital, the continued cooperation of
creditors and vendors, national and local economic conditions, the
ability of the company to reach agreements with the proposed
distributor, joint venture and integration partners discussed in
this release, conditions and trends in the video surveillance and
security industries in general, the ability of the company to
attract enterprise-scale customers, changes in interest rates,
commercial acceptance of the company's products, the effect of
government regulation on the company's operations and other factors
described from time to time in the company's filings with the
Securities and Exchange Commission.
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CONTACT: Jason Gonzalez CEO www.intelligentpdg.com
732-281-1355