Security Stock Alert: Viscount Systems (OTCQB:VSYS), Completes Capital Raise
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Burnaby, British Columbia - April 10, 2014 (www.investorideas.com newswire) Viscount Systems (OTCQB:VSYS), a leading edge, high technology supplier of security systems and software, announced that it has completed its common stock financing for total gross proceeds of $2.2 million. Pickwick Capital Partners acted as the Placement Agent. Secure Strategy Group is the strategic advisor to Viscount Systems and conducts its investment banking transactions through Pickwick Capital.
To date, this brings the total amount that Pickwick Capital has raised for Viscount Systems to just over $4.4 million.
About Viscount Systems
Viscount Systems Inc., designs unified cyber and physical security software platforms for building security and emergency planning. Viscount's "Freedom" technology is the first and only access control solution that allows entry devices (ID cards, RFID readers, biometrics, etc.) to be connected to, and controlled by, standard building IT networks without requiring expensive control panels and wiring. This eliminates up to 80% of the cost of traditional access control systems and provides a green, environmentally friendly solution. Viscount's technology also enables existing IT databases (Microsoft Active Directory or LDAP) to replace the software component of traditional systems. As a result, the Company's technology drastically reduces system costs while providing a much more secure access control solution. Viscount's industry awards include the 2012 Microsoft "Be What's Next" Award, SIA Convergence Solution of the Year 2011 and Homeland Security Platinum Award for Emergency Response and Gold Award for Access Control at GOVSEC 2011.
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.
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