Insurance Discounts Favor ViewScan Usage in Colorado
July 15 2014 - 9:15AM
InvestorsHub NewsWire
Baltimore, MD (15 July 2014) - View Systems, Inc. (OTCBB:
VSYM), a Baltimore-based manufacturer of integrated weapons
detection systems, has received a financial discount nod for
providing an additional measure of security to marijuana producers
and sellers in Colorado. The Alliance Insurance Agency of
Coconut Grove, Florida is now offering its Colorado clients a 5%
discount on liability and omnibus protection insurance coverage -
if they have installed the View Scan weapons detection system at
the customer entrance of their marijuana dispensary or retail
outlet. It is thought to be the first such discount
measure for those distributors taking the extra effort to secure
their establishments from criminal activity.
“No insurer is going to cover any of these establishments unless
they have a camera system of some acceptable variety.
However, placing a passive weapons detection system at the front
door just makes sense to us and that’s what the View System does –
it identifies the person, where the weapon is and the no one even
knows he’s been scanned,” said William Mickey, President and
Principal Broker for Alliance. “This kind of effort is a
tangible deterrent and the actuaries quickly gave it the thumbs
up.” Alliance, whose license and credentials are recognized
in Colorado through reciprocity, was one of the first insurance
brokerages in the nation to design insurance products specifically
for the emerging marijuana production, distribution and sales
industry. These Alliance products are underwritten by Lloyds
of London.
‘We were most gratified to be selected for this security discount
offering package by Alliance,” said William Gaskill Operations Vice
President of View Systems – “But in a public venue like
dispensaries the only system that makes sense to the proprietor and
the insurer is a magnetic passive system and that is what the View
Scan is all about.” View Systems has moved aggressively into
the marijuana dispensary market with a strategic marketing approach
in partnership with HEMP, Inc. (OTC:
HEMP), which led the company into pursuit of security sales to
Marijuana retail dispensaries and grow operations in Colorado and
Washington. View added a former ATF agent as
special sales representative to address this market in Colorado,
just last month.
Both View Systems and Hemp, Inc. are turning their eyes north to
the States of Oregon and Washington. Oregon is gearing up for
a referendum this November allowing for both medical and
recreational marijuana sales and campaigning is picking up.
While passage is not assured, adoption of the change is widely
expected. On July first of this year, Washington State added
recreational sales to their medical marijuana sales structure,
which was already in place through previous legal changes.
View and Hemp are planning to be players in both of these markets
as the marijuana wave continues to sweep across the country.
About View Systems: View Systems, Inc.
manufactures and installs weapons detection identification systems
targeted at a broad range of government and commercial users.
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.
CONTACT: View Systems, +1-410-242-8439, info@viewsystems.com, www.viewsystems.com
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