Visual Management Systems Enters Into Global Marketing Agreement With Enpro International, Inc.
August 24 2009 - 8:30AM
Marketwired
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.
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