SOURCE: Visual Management Systems, Inc.
August 24, 2009 08:30 ET
Visual Management Systems Enters Into Global Marketing Agreement With Enpro International, Inc.
TOMS RIVER, NJ--(Marketwire - August 24, 2009) - Visual Management Systems, Inc. (OTCBB: VMSY), a leading developer, manufacturer and provider of video surveillance
technologies, announced that it has entered into a
five-year global marketing, distribution and procurement agreement with
Enpro International, Inc. ("Enpro").
The agreement calls for VMS subsidiary, Intelligent Product Development
Group, LLC, to create a comprehensive line of surveillance products based
on VMS's proprietary series of TrueHybrid© digital network video
recorders, for worldwide distribution by Enpro, with specific emphasis on
the Middle East and Saudi Arabia, the headquarters of Enpro's parent
company, E.A. Juffali & Brothers Group ("EAJB" www.eajb.com).
As part of the agreement VMS and Enpro will jointly prepare presentation,
marketing and sales materials, and VMS will assist Enpro in preparing bids
and proposals for its enterprise level customers. The agreement
contemplates procurement for the numerous enterprises in the Middle East,
as well as resale through hundreds of outlets presently operating in
twenty-six countries on four continents.
Jason Gonzalez, CEO of Visual Management Systems, said, "This is exactly
the type of agreement that the company has been working so hard to execute.
As we transition our business focus from systems integration to software
and hardware development, access to global distribution infrastructure like
that of Enpro and EAJB is critical."
Gonzalez stated further, "Enpro's association with EAJB provides many
opportunities that VMS is eager to develop, and with the assistance of
Enpro we believe we can. We are very excited at what lies ahead in the
coming months as our joint efforts with Enpro unfold."
About Visual Management Systems
Visual Management Systems, Inc. (OTCBB: VMSY) ('VMS') provides video
surveillance solutions to small and mid-size enterprises. VMS's products
and services help businesses, government agencies and educational
institutions prevent crime, ensure safety, enhance productivity and improve
service. Since its inception, VMS has been committed to developing and
implementing industry-leading video security technology at affordable price
points. For more information, visit www.vmscctv.com or call 877-323-CCTV.
About ENPRO International
Enpro International, Inc. established in 1982 is a member of the EA Juffali
& Brothers Group of companies (EAJB - www.eajb.com). Enpro has provided
sourcing, purchasing & logistics services to EAJB and other companies in
the Middle East for the security, manufacturing, technology,
infrastructure, engineering, chemical and service sectors. Through its
parent EAJB, Enpro's relationships include UTC, Carrier air conditioning,
IBM, Dow Chemical, Butler Steel, Mercedes Benz, Kelvinator/Electrolux and
many others. For more information, visit www.enprointernational.com or
call Joseph Minerva at 212-307-5700 x 143.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995
Certain statements in this press release constitute 'forward-looking
statements' within the meaning of the Private Securities Litigation Reform
Act of 1995. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the company to be materially different from
any future results, performances or achievements express or implied by such
forward-looking statements. The forward-looking statements are subject to
risks and uncertainties including, without limitation, changes in levels of
competition, possible loss of customers, the company's ability to attract
and retain key personnel, the company's ability to raise capital, the
continued cooperation of creditors and vendors, national and local economic
conditions, the ability of the company to reach agreements with the
proposed distributor, joint venture and integration partners discussed in
this release, conditions and trends in the video surveillance and security
industries in general, the ability of the company to attract
enterprise-scale customers, changes in interest rates, commercial
acceptance of the company's products, the effect of government regulation
on the company's operations and other factors described from time to time
in the company's filings with the Securities and Exchange Commission.