RNS Number:3439L
Visual Defence Inc.
08 January 2008


                               Visual Defence Inc
                      ("Visual Defence" or the "Company")


                   Trading Update - Year to 31 December 2007


RICHMOND HILL, ONTARIO - 8 January 2008 - Visual Defence, the security
convergence company, today announces an update on trading for the year to 31
December 2007.


The year to 31 December 2007 has been a positive year for Visual Defence. As
previously announced we have won a number of important new contracts and
contract extensions in both the civil and military applications of our systems.
Of particular note was the signing of a new 25 year contract with the government
of an African country for a build-operate-transfer passenger safety and security
screening project at the country's principal airport.


The positive momentum of delivering new contracts has continued into 2008 and
Visual Defence is pleased to announce the approval from the City of Stockholm's
public transportation authority, Stockholm LokalTrafik (SL), to deliver an
additional 250 IP intercom help phone units. This $1.3 million CAD order
extension brings the total number of IP intercom help phones to be delivered to
500.


The Company has continued to grow its revenues and the Directors expect to
report revenues for the year to 31 December 2007 of approximately $28 million
CAD. Additionally the Directors are pleased with the progress the Company has
made toward profitability. However, even though the Directors expect to report
an operating profit for the second half of 2007, the Directors expect to report
an operating loss for the full year to 31 December 2007. The cash position of
the Company remains strong at approximately $15 million CAD.


Enquiries:

Visual Defence Inc                                    +(1) 905 731 1254
Dagan Sadeh, Chief Executive Officer
Bill Watson, Chief Financial Officer

KBC Peel Hunt Ltd (Nominated Adviser and Broker)   +44 (0) 20 7418 8900
David Anderson
Oliver Stratton



About Visual Defence


Visual Defence, the security convergence company, provides advanced solutions
that manage mission critical systems for leading organizations around the world.
The company provides government, airport, public transportation and commercial
customers with public safety and security solutions that increase management
efficiency while leveraging existing security infrastructure. With its Common
Management Platform, Visual Defence provides customers with customizable and
scaleable solutions that meet their business goals. Additional information about
Visual Defence is available at: http://www.visualdefence.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
TSTBUGDBIUGGGII

Visual Defence (LSE:VDI)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Visual Defence Charts.
Visual Defence (LSE:VDI)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Visual Defence Charts.