VSYS Viscount Systems Inc (CE)

Viscount Systems (OTCBB: VSYS) announced today the company has received the first orders for up to 30 high rise projects with a management company in the US. Each project will include a full array of MESH technology including touch screen panels, card readers and video. Viscount is releasing a new 19" kiosk panel as part of the project. Total revenue for the projects would be approximately $600,000.

"While our core multi-residential business is being impacted by the U.S. real estate market, we continue to grow in other sectors including high-rise retrofits, schools and hospitals," noted Stephen Pineau, CEO of VSI. "This year the impact of MESH on our top line growth has also been hit by a continued decrease in sales of legacy products. However, in July we completed our rollover of Enterphone to EPX and we expect to begin recapturing this revenue going into the end of the year."

About Viscount Systems

Viscount Systems Inc. is a designer and manufacturer of telecommunications and electronic door control access systems for the security industry. From 1969-1997 Viscount was an R&D affiliate of Telus, itself a controlled subsidiary of GTE, now Verizon Communications. The company's diverse line of products are designed to improve safety and manage security for property owners and users. Viscount's products have been installed in approximately 35,000 sites in over 30 countries and are sold through a 500 member, North America-wide dealer network comprised of security equipment vendors. Additional information on Viscount's products may be obtained on-line at http://www.viscount.com.

Safe Harbor Statement

This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities of Viscount Systems Inc., nor shall there be any sale of any such security in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

Forward-looking statements: This press release and other statements by Viscount Systems Inc. may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "position," "assume," "potential," "outlook," "continue," "remain," "maintain," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," or similar expressions.

Financial statements are available from the company's registration statement filed with the U.S. Securities and Exchange Commission on February 6, 2002, which may be viewed at www.sec.gov or the company's web site www.viscount.com under the heading "Investor Relations."

For further information, or to be placed on email NEWS ALERT please e-mail to investors@viscount.com or call toll free 1-866-252-9446.

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