BALTIMORE, MD -- (Marketwire) -- 12/17/12 -- 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.