| May. 20, 2008 | Print This | Email This |
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"As noted in our most recent conference call, based on projects already in our pipeline, VUANCE expects sales in 2008 to grow by over 80% compared to the prior year," added Mr. Tuchman. "We're consistently forging closer relations with our existing business partners, including leading system integrators and distributors, as well as adding new ones to our team to augment our sales channel. These established organizations appreciate our extensive range of Active RFID, Electronic Access Control, Credentialing and Critical Situation Management System products and our goal of providing end-users with end-to-end, seamless solutions."
Mr. Tuchman continued, "During the past quarters, we've completed integrating our acquisitions and built a strong, sales-focused organization to achieve record sales. Now, we are implementing cost-control measures that will allow us to achieve operational breakeven by the end of the year. Based on my assessment of management's strategy and execution, and the opportunities in front of our organization, I believe purchasing VUANCE shares in the open market is a good investment."
About VUANCE Ltd.
VUANCE Ltd. develops and markets state-of-the-art security solutions for viewing, tracking, locating, credentialing, and managing essential assets and personnel. VUANCE solutions encompass electronic access control, urban security, and critical situation management systems as well as long-range Active RFID for public safety, commercial, and government sectors. The Company's comprehensive range of products enables end-to-end solutions that can be employed to successfully overcome the most difficult security challenges. Its Critical Situation Management System (CSMS) is the industry's most comprehensive mobile credentialing and access control system, designed to meet the needs of Homeland Security and other public initiatives.
VUANCE Ltd. is headquartered in Rockville, MD. Its common stock is listed on the NASDAQ Capital Market and on the Euronext Exchange under the symbol "VUNC". For more information, visit www.vuance.com.
Safe Harbor
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded or followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Forward-looking statements in this release also include statements about business and economic trends. Investors should also consider the areas of risk described under the heading "Forward Looking Statements" and those factors captioned as "Risk Factors" in the Company's periodic reports under the Securities Exchange Act of 1934, as amended, or in connection with any forward-looking statements that may be made by the Company.
The Company also disclaims any duty to comment upon or correct information that may be contained in reports published by the investment community.
Investor/Media Contact Jerry Cahn, Ph.D., J.D. Target 3 Communications Tel: 646-290-7664 Fax: 509-278-7664 Jerry@target3.com
VUANCE Ltd.CONTACT: Jerry Cahn, Ph.D., J.D., Target 3 Communications,
+1-646-290-7664, Fax, +1-509-278-7664, Jerry@target3.com
Web site: http://www.vuance.com/