TOMS RIVER, NJ -- (Marketwire) -- 07/01/10 -- Visual Management Systems, Inc. (OTCBB: VMSY) filed a Report on Form 8K with the SEC on June 29, 2010 regarding the resignation of its Chief Financial Officer, James Gardner. Mr. Gardner left the company for personal reasons to pursue an opportunity in the venture capital industry. He will assist the company with the completion of its second quarter reporting on Form 10Q and has agreed to act as a consultant to assist the company in vetting, hiring and transitioning a replacement CFO. He has also agreed to assist the company with its third quarter reporting and any other projects as may be mutually agreed.
About Visual Management Systems and Intelligent Product Development Group
Visual Management Systems, Inc. and its subsidiaries Intelligent Product Development Group, LLC and Visual Management Systems, LLC are committed to developing and implementing industry-leading video security technology at affordable price points. For more information, visit www.intelligentpdg.com or call 877-323-CCTV.
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.
VISUAL MANAGEMENT SYSTEMS, INC.
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