Stocks & Investing
Stocks and Investing
Stocks and Investing
Tue, July 28, 2009
Mon, July 27, 2009 Visual Management Systems, Inc.: Visual Management Systems Enters Into Strategic Marketing Agreement With HighSpeed Video
TOMS RIVER, NJ--(Marketwire - July 27, 2009) - Visual Management Systems, Inc. (
The agreement with HighSpeed Video allows VMS to increase its product portfolio without the excessive costs and development time typically associated in bringing a new product to market. VMS and HighSpeed Video will jointly prepare presentation, marketing and sales materials, and VMS will assist HighSpeed Video with introductions to its enterprise customer base. "Our multi-location customers will benefit most from the added dimension of management capability that live, high-definition teleconferencing provides. I'm certain that we'll have considerable success when we introduce our co-developed Conversation Station," said Jason Gonzalez, CEO of Visual Management Systems. The agreement contemplates numerous opportunities for cross-pollination of the two companies' thousands of existing customers as well as expanding both companies' offerings domestically and internationally.
Gonzalez stated, "VMS is very excited to collaborate with HighSpeed Video in offering a co-branded telepresence solution to our thousands of customers. During difficult economic times our customers are looking for new methods to reduce the cost of effectively managing their businesses and we believe HighSpeed Video has just such a solution."
Michael Maresca, CEO of HighSpeed Video stated, "HighSpeed Video is elated with the opportunities that the VMS and HSV arrangement will bring to the marketplace. The vast experience that Jason Gonzalez and his team possess in the integration and marketing of technology solutions appears to be the perfect fit for HighSpeed Video's high performance, cost effective video communications solutions, and we look forward to a mutually rewarding relationship with the VMS team."
Gonzalez went on to say, "Expanding our product portfolio, distribution and support services is an important component to our continued growth. Strategic alliances will be very important in growing in our existing markets as well as capturing new markets. Alliances and partnerships with leading technology providers companies like HighSpeed Video are prime examples of how VMS intends to broaden its product offering without the excessive costs and duration involved in developing new technologies from scratch. This should prove to be a mutually beneficial relationship."
About Visual Management Systems
Visual Management Systems, Inc. (
About HighSpeed Video Holding Corp.
HighSpeed Video Holding Corp. has been a provider of bi-directional video and video conferencing solutions to the broadcast and niche market sectors of mid size enterprise businesses since 1997. Nominated for an Emmy Award for their creation of the "Team Cam" 2-way video system, HighSpeed Video continues to create innovative video delivery solutions with application specific video engines for a variety of vertical markets. For more information, visit [ www.hsvideo.net ] or call 201-327-6801.
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.
