Announcement — Name Change
We are proud to announce that we have changed our company name from Visual Management Systems to Intelligent Product Development Group.
The name change is due to the significant expansion of our business activities which now includes product lines far beyond the traditional Digital Video Recorders.
The company will continue to operate in its current structure and your contacts will remain un-changed. At the same time we will change all our e-mail addresses to firstNameInitialLastName@intelligentpdg.com ie. alincoln@intelligentpdg.com to reflect the change. The old e-mail addresses will continue to be operational for the foreseeable future. Our web domain www.vmscctv.com will for now remain unchanged.
Official Press Release
Press Release Source: Visual Management Systems, Inc. On Monday January 11, 2010, 11:10 am EST
TOMS RIVER, NJ--(Marketwire - 01/11/10) - "It's been more than a year since we started shifting the company's focus from system sales and integration to software engineering and product development. At this point, there are just a few steps left to finalizing that move," said Jason Gonzalez, CEO of Visual Management Systems (OTC.BB:VMSY - News). "Changing our name is formal recognition of being within reach of that goal."
Visual Management Systems, which will formally become known as Intelligent Product Development Group, Inc., or IPDG, only requires final board approval to begin branding its new identity. "We have spent our entire corporate life until now working to make this happen and it represents a critical milestone for us to have survived the transition. Many companies do not make it through such a move," Gonzalez said.
"Our dealers and distributors have done better than expected with the new products and we have orders to validate their acceptance from existing and new customers alike," Mr. Gonzalez continued. "We expect IPDG to move very quickly into its operating plan by introducing new dealers, domestic and international distribution and financing for the new business plan in the coming weeks."
Gonzalez concluded by saying, "This is what we have worked for. Software sales and licensing are nationally and internationally scalable whereas enterprise level integration presents substantial inventory, employment and overhead challenges to achieve the same financial results. We have the products to give us an advantage. It is management's job to capitalize on this opportunity."