Visual Management Systems, Inc. to Forge Strategic Partnership With UDU to Develop Remote Collaboration Applications With a Spec
January 14 2010 - 8:30AM
Marketwired
Visual Management Systems, Inc. (OTCBB: VMSY) is pleased to
announce that it is forging a new strategic partnership with UDU,
LLC to develop a robust remote collaboration application, the Net
Utility Vehicle (NUV), that will allow first responders to work
together in real-time over the Internet, regardless of geography,
connection-type, weather constraints and other limiting issues,
with a specific focus of the joint project on the growing field of
telemedicine.
Unlike traditional telemedicine applications, the NUV is a
comprehensive collaboration application that allows multiple-users
to actually work together remotely, not just teleconference images
back and forth like many telemedicine apps today. Users will also
not have to rely on any one connection-type, but may utilize
satellite communications, wireless CDMA, or other types of data
connections. In addition to telemedicine, NUV has applications in
the military, veterinary and industrial markets, but due to current
market demand the parties believes the telemedicine market is the
best opportunity for the partnership to show immediate returns.
NUV is being jointly developed utilizing software and solutions
provided by UDU and IPDG's network architecture, video hardware and
transmission capability. "By leveraging both UDU's solutions and
experience in the telemedicine marketplace combined with our
technology platforms and distribution networks, we should be able
to deliver a truly unique application for the telemedicine
marketplace," stated Jason Gonzalez, President and CEO of Visual
Management Systems.
"We specialize in understanding workflows and developing
customized solutions that enable interdisciplinary teams to achieve
more effective outcomes. For us, accountability to the stated
mission of first responders is paramount," stated Bruce Bowdish,
PhD Founder of UDU.
The global healthcare IT market is projected to exceed $24
billion by 2015, according to a report by Research and Markets. The
American Telemedicine Association also recently published a white
paper stating that telemedicine, or information technology enhanced
healthcare, must be a core component of any viable healthcare
reform strategy and is essential to healthcare reform.
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.
About UDU
UDU, LLC is committed to providing solutions to workflows for
interdisciplinary teams that promote effective communications
utilizing a wide range of networks types and protocols. For more
information, call 860-437-7668.
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