View Systems Teams With Brazilian Firm Armorin
December 17 2012 - 1:59PM
Marketwired
View Systems, Inc. (OTCBB: VSYM), a rapidly growing provider of
security products for schools, banks and government institutions,
announced today that it has signed an agreement with Armorin, LLC,
a security solutions and armored cars service provider,
headquartered in Rio de Janeiro, Brazil, South America. View and
Armorin have negotiated an agreement to market, sell, assemble,
install and service View System's product line throughout South
America. View Systems regards this relationship as a significant
business advance for future of the company.
According to Tiago Armorim, "View Systems is a clear leader in
the rapidly growing access security and recognition control
industry. View's technology is significantly better, faster and
less costly than the competitors' products. We expect to deliver
several hundred units in 2013. We are setting up operations
immediately and will be delivering product by the second quarter of
2013. Brazil and all South American countries have a great need for
state of the art security solutions."
Brazil (http://data.worldbank.org/country/brazil) is two thirds
the size of the United States (200 million), is a growing economy
and has an upper middle per capita income. The Brazilian population
consists of one half of the population of South America. Homicide
rates in Brazil are among the highest in the world
(http://observingbrazil.com).
Dr. Martin Maassen, Chairman of View Systems, states, "The
company has broken into new international markets such as China,
Pakistan, Bangladesh, Macao, India, and UAE, but none before in
South America. We are about to change that. Armorin will assemble,
sell and service SecureScans. The expected growth in orders and new
product opportunities is very instrumental to expansion plans. The
South America Venture is expected to provide sales of several
hundred per year. The time is right."
About View Systems: View Systems, Inc.
manufactures and installs weapons detection identification systems,
video management platforms and tele-data communication networks
targeted towards correctional facilities, schools, courthouses,
government agencies, event and sports venues, and commercial
businesses. More information can be found at
www.viewsystems.com
Forward-Looking Statements: This press
release contains certain forward-looking statements. Investors are
cautioned that certain statements in this release are
"forward-looking statements" and 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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CONTACT: View Systems 410-242-8439
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