VMSY Board of Directors Approves Name Change and CEO Issues Update
February 24 2010 - 8:29AM
Marketwired
At the recent Board of Directors meeting, Visual Management
Systems, Inc. (OTCBB: VMSY) received approval to formally change
its name as suggested earlier this year. The company's new name
will be Intelligent Product Development Group, Inc. "As I stated in
previous communications, this is a positive change and reflects our
new mission and direction perfectly," said CEO Jason Gonzalez.
"After the board meeting and in light of several recent
developments, I worked with management to prepare a comprehensive
update," Gonzalez went on to say. "There has been significant
progress at the company and we felt it was important to communicate
with our shareholders."
The company soft-launched its new website,
http://www.intelligentpdg.com, and the CEO's letter to shareholders
can be downloaded from the home page.
About Visual Management Systems (Intelligent Product Development
Group, Inc.)
Visual Management Systems, Inc. (Intelligent Product Development
Group, Inc.) and its subsidiaries VMS, LLC and IPDG, LLC are
committed to developing and implementing industry-leading video
security technology at affordable price points. For more
information, visit http://www.intelligentpdg.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 Intelligent Product Development
Group, Inc. www.vmscctv.com 732-281-1355