Visual Defence Announces Final Results for the Year Ending December 31, 2006



    RICHMOND HILL, Ontario, April 25 /CNW/ -- Visual Defence Inc. (LSE: VDI),
the security convergence company, today announced the final results for the
year ending December 31, 2006.
    All dollar amounts are in Canadian dollars.

    Highlights

    
    -   Revenues increased by 233 percent against the comparative period last
        year to $19.87 million
    -   Revenue growth illustrates the success of the Visual Defence strategy
        to diversify revenue across multiple geographic regions
    -   Excluding stock based compensation, amortization and depreciation
        losses were reduced to $2.52 million compared to $6.69 million in the
        prior year
    -   A number of significant contracts were won during the period,
        including BAA, the Greater Toronto Airport Authority and US Customs
        and Immigration
    -   Announcement today of a letter of intent and final stages of contract
        negotiations with a government airport authority for a 25-year Build-
        Operate-Transfer (BOT) security operations project; if signed, it
        should have a significant effect on the Company's revenue stream and
        profits over the duration of the contract
    -   Record order book at year end of approximately $20 million and a
        strong pipeline of new opportunities
    -   Balance sheet remains strong, with cash balances of $14.65 million
    

    "Visual Defence enters 2007 with a record order book of approximately
$20 million and a strong pipeline of new opportunities," said Oved Tal,
Chairman at Visual Defence. "The company's focus on revenue growth, margin
management and controllable costs should help direct it towards operating
profitability in 2007. The Board believes the market for security convergence
remains strong, as organizations continue to install IP-based security systems
in an effort to drive additional value. The Visual Defence platforms are
positioned to meet these requirements."

    About Visual Defence

    Visual Defence, the security convergence company, provides advanced
solutions that manage mission critical systems for leading organizations
around the world. The company provides government, airport, public
transportation and commercial customers with public safety and security
solutions that increase management efficiency while leveraging existing
security infrastructure. With its Common Management Platform, Visual Defence
provides customers with customizable and scaleable solutions that meet their
business goals. Visual Defence is headquartered in Canada. Additional
information is available at www.visualdefence.com.

    
    CONTACT:
    Claire Barton                            Bill Watson
    Nadel Phelan, Inc.                       Visual Defence Inc.
    831-440-2406                             905-731-1254 x222
    claire@npipr.com                      bill.watson@visualdefence.com
    




For further information:

For further information: Claire Barton of Nadel Phelan, Inc., (831)
440-2406, claire@npipr.com, for Visual Defence Inc.; Bill Watson of Visual
Defence Inc., (905) 731-1254 x222, bill.watson@visualdefence.com Web Site:
http://www.visualdefence.com

Organization Profile

VISUAL DEFENCE INC.

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