VSYM View Systems Inc (CE)

View Systems, Inc. (OTCBB: VSYM), recently posted its annual report which shows year end revenues for 2008 at $1,148,314.

View Systems' 10K Annual Report recorded an 11.2% increase in gross profits for the year with a total of $757,098; up from $681,563 in 2007. The company also delivered a significant 43.3% reduction in total operating expenses compared with the previous year, (from $1,675,604 in 2007 to $965,388 in 2008), creating a lean and focused organization structure, equipped to fully capitalize on anticipated growth in 2009.

View Systems has a substantial order book backlog, (in excess of $500,000), for both the ViewScan (the firm's proprietary concealed threat detection portal), and the VFR (the company's proprietary Video First Responder camera system). In addition, extended warranty contracts continue to be renewed on a regular basis and based on communications with prospective clients, more ViewScan orders are expected to be forthcoming.

Gunther Than, CEO of View Systems, states, "We have noticed that agency buyers are responsive to our current pricing structure which is very competitive, but also generates attractive profit margins. We will continue to build upon our past sales successes in our core target markets of schools, courthouses, correctional facilities, etc. with strategic marketing campaigns. In addition, we will market after-sales care to our existing client base; particularly unit upgrades, warranty contract renewal and further product sales.

"We intend to move further to fulfill our strategic decision of re-entering the optical fiber data network installation and service industry, having made substantial asset investments since the beginning of 2009. Sales of our core security and safety products, namely ViewScan and VFR, will continue and expand. We intend to pursue a merger and acquisition business plan utilizing our substantial tax asset, worth in excess of $8.2 million.

"Following the formulation of a detailed internal financial strategy, we have determined that the Company's short-term working capital requirements can best be met through the sale of common stock, sufficient to place the company on a positive operating cash-flow footing. Thereafter, further monies may be raised to finance acquisition of suitable and synergistic businesses, the ownership of which will allow us to take advantage of our substantial tax asset, worth in excess of $8.2 million."

About View Systems, Inc.:

View Systems, Inc. manufactures and installs weapons detection identification systems, video management platforms and teledata communication networks targeted towards correctional facilities, schools, courthouses, government agencies, event and sports venues, the military and commercial businesses. More information can be found on the website at www.viewsystems.com.

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Forward-Looking Statements: This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.

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