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View Systems, Inc.: View Systems, Inc. Executes a Contract Worth Over $9,000,000 With Verizon Fios Solutions; In Addition, View

^{Published on 2009-02-10 08:07:55, Last Modified on 2009-02-10 08:08:54 - Market Wire}
 

BALTIMORE, MD--(Marketwire - February 10, 2009) - View Systems, Inc. (OTCBB: [ VSYM ]), a leading security and teledata solutions provider, announced today that contracts have been signed between View Systems, Inc. and H.C. Professional, LLC., a Verizon Fios Solutions Contract Manager, to install and run micro-duct and fiber to 25,000 apartment units in Virginia. Under the terms of the agreement, VSYM will receive approximately $400 to $500 in revenues per unit installed.

View Systems' Director and Secretary Dr. Michael Bagnoli, has secured an extended credit line from Lafayette Commercial Bank to assist the firm in purchasing the necessary vehicles, tools and fiber optic equipment to complete this project.

View Systems will dispatch fiber optic technicians to jobsites in Virginia to service this large and complex project. Fiber optics is the way of the future. Its environmentally safe, lightweight cable is compacted to increase bandwidth and distance. Furthermore, it is worthless as scrap material and not worth stealing as opposed to copper telecom cable which is currently being used for television, telephone and internet services.

Gunther Than, CEO of View Systems, states, "We have gathered the necessary resources and have assembled a team of highly-trained technicians to complete this job efficiently and in a timely manner. Partnering in this contract, valued at over nine million dollars, will give View the boost it needs to execute its business plan and escalate the firm to the next level. In addition to this contract, there is great potential to secure other business ventures to include video and security products and services."

Cassandra Smith, Contract Manager for Verizon, commented, "As previously stated, fiber optics is the way of the future and Verizon is at the forefront of this new technical revolution. We are looking to View Systems to help lead the charge and to help implement our strategy of providing Verizon services to as many customers as possible with this new technology."

Ms. Smith went on to say, "View Systems brings a technical expertise that matches our needs. We look forward to a long relationship with View Systems in helping Verizon with many future projects of similar or greater scope."

About View Systems, Inc.:

View Systems, Inc. manufactures and installs weapons detection identification systems, video management platforms and teledata communication networks targeted towards correctional facilities, schools, courthouses, government agencies, event and sports venues, the military and commercial businesses. More information can be found on the website at [ www.viewsystems.com ].

About Verizon Fios Solutions:

Verizon Fios Solutions, a New York based company, is saying farewell to conventional cable communications and connecting homes and businesses to 100% fiber-optic networks. Drawing on experience of meaningful solutions, Verizon will provide an unmatched amount of bandwidth for the next-generation of fiber networks for tomorrow.

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