View Systems Inc. Posts Highly Profitable Year to Date and Announces Sale of Subsidiary Medical Therapeutics for Equity and Cash
Philadelphia, PA, Dec. 18, 2018 (GLOBE NEWSWIRE) -- via
NEWMEDIAWIRE -- View Systems, Inc. (viewsystems.com) (OTC: VSYM), is a fully reporting company with state-of-art security products sanctioned by United States Homeland Security.
After posting a RECORD Year-to-Date Profit of $1.138 Million, View Systems is readying a Superior Concealed Weapons Detection System (CWD) for a spring 2019 deployment. View Systems is reorganizing to produce the units and focusing on manufacturing and further sales.
View is selling its medical division (Medical Therapeutics) and two clinics to a group of medical industry professionals. Dr. M. J. Maassen, Chairman of View will lead the group going forward as Medical Director. He is resigning as Chairman of View Systems and will concentrate on the growing Sexual Performance procedures and products market. Dr Maassen states; "Sexual Performance market is a growing and lasting business that is underserved and of great interest to couples who still enjoy intimacy despite medical shortcomings. The burgeoning need for medical assistance for Erectile Dysfunction was initially addressed by Phizer with Viagra and Cialis by ELI Lillly. Many personal sexual performance dysfunctions cannot be solved by simply taking a pill and require professional medical help available only in a clinic setting."
According to people familiar with the transaction: the acquiring entity is Ultimate Sports, a public entity. USPS is the acquiring multiple facilities to build a national chain of clinics specializing in medical procedures to service the 50 Million men nationally that require medical attention to bolster their sexual performance. USPS's current acquisitions represent more than 2 Million of revenue. The acquired clinics are located in Pittsburg, PA, Baltimore, MD and Scottsdale, AZ. USPS will operate the clinics and acquire as expediently as the clinics can be assimilated.
ABOUT VIEW SYSTEMS INC. View System’s products are currently installed in the United States in schools, correctional facilities, law enforcement facilities, and a variety of federal agencies such as the SEC and IRS buildings. View Scan has been used by the NFL’s Super Bowl as well as MLB’s All Star Games.
SAFE HARBOR This news release contains “forward-looking statements” pursuant to the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipate", "believe", "confident" or "projected", which are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements as a result of various factors.