Visual Management Systems to Formally Become Intelligent Product Development Group
January 11 2010 - 11:10AM
Marketwired
"It's been more than a year since we started shifting the company's
focus from system sales and integration to software engineering and
product development. At this point, there are just a few steps left
to finalizing that move," said Jason Gonzalez, CEO of Visual
Management Systems (OTCBB: VMSY). "Changing our name is formal
recognition of being within reach of that goal."
Visual Management Systems, which will formally become known as
Intelligent Product Development Group, Inc., or IPDG, only requires
final board approval to begin branding its new identity. "We have
spent our entire corporate life until now working to make this
happen and it represents a critical milestone for us to have
survived the transition. Many companies do not make it through such
a move," Gonzalez said.
"Our dealers and distributors have done better than expected
with the new products and we have orders to validate their
acceptance from existing and new customers alike," Mr. Gonzalez
continued. "We expect IPDG to move very quickly into its operating
plan by introducing new dealers, domestic and international
distribution and financing for the new business plan in the coming
weeks."
Gonzalez concluded by saying, "This is what we have worked for.
Software sales and licensing are nationally and internationally
scalable whereas enterprise level integration presents substantial
inventory, employment and overhead challenges to achieve the same
financial results. We have the products to give us an advantage. It
is management's job to capitalize on this opportunity."
About Visual Management Systems
Visual Management Systems, Inc. and its subsidiary Intelligent
Product Development Group are committed to developing and
implementing industry-leading video security technology at
affordable price points. For more information, visit
www.vmscctv.com or call 877-323-CCTV.
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 VISUAL MANAGEMENT SYSTEMS, INC.
www.vmscctv.com 732-281-1355