FALLS CHURCH, Va., March 4 /CNW/ -- VECTr Systems Inc. (OTC Bulletin
Board: VECT) is pleased to announce that it has received an order totaling
more than $950,000 for VECTr MG-110 Moving Map and Mission Management Systems.
Destined for an overseas special operations customer, the order also contains
options for additional systems valued at more than $1.9 million.
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Deliveries are planned to commence in May 2008. Consistent with the
customer's schedule, and with all options exercised, orders are to ship prior
to the end of 2008. As a result, the 2008 potential revenue from this
customer could exceed $2.85 million.
VECTr President & CEO Herb Lustig stated, "We are particularly gratified
that, even with some tough competition from larger companies, the features,
performance, and reliability of the MG-110 system have won us this order. We
believe that many customers now understand the advantages and benefits of
VECTr's comprehensive situational awareness solution."
"As our efforts with other customers bear fruit, we expect to announce
additional sales later this year," said Randall Cohn, Vice President of
Strategic Development for VECTr Systems.
The order announced today is in addition to an approximately $450,000
foreign military sale announced in August 2007. Delivery of MG-100 systems
for that order is planned for the second quarter of this year.
About VECTr Systems
VECTr Systems develops and markets mission management systems used in
airborne surveillance and reconnaissance applications. VECTr's map-based
products couple with and manage airborne sensors to create a comprehensive
system to improve situational awareness. Customers worldwide include some of
the most demanding and sophisticated users of tracking and mission control
tools such as Military, Government Agency, Law Enforcement, Fire Fighting,
Search & Rescue, and Utility & Resource Management organizations. More
information on VECTr Systems can be found at www.vectrsystems.com
FOR FURTHER INFORMATION PLEASE CONTACT:
Corporate Headquarters Investment Information
Cdr. Randall Cohn USN (Ret.) J.A. Michie, Managing Director
VECTr Systems Inc. G.M. Capital Partners, Ltd
P.O. Box 7206 Usteristrasse19, CH-8023
Falls Church, VA 22040 Zurich, Switzerland
Tel: +1.703.752.9380 Tel: +126.96.36.19900
Email: firstname.lastname@example.org Email: email@example.com
This News Release contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. VECTr
Systems, Inc. (the "Company") has tried, whenever possible, to identify these
forward-looking statements using words such as "anticipates", "believes",
"estimates", "expects", "plans", "intends", "potential" and similar
expressions. These statements reflect the Company's current beliefs and are
based upon information currently available to it. Accordingly, such forward
looking statements involve known and unknown risks, uncertainties and other
factors which could cause the Company's actual results, performance or
achievements to differ materially from those expressed in or implied by such
statements. The Company undertakes no obligation to update or advise in the
event of any change, addition or alteration to the information catered in this
News Release including such forward-looking statements.
For further information:
For further information: Cdr. Randall Cohn USN (Ret.) of VECTr Systems
Inc., +1-703-752-9380, firstname.lastname@example.org; or J.A. Michie, Managing
Director of G.M. Capital Partners, Ltd, +41-44-226-5000, email@example.com Web