BOCA RATON, Fla., June 27, 2005 (PRIMEZONE) -- VSUS Technologies, Inc. (OTCBB:VSUS) announced today that its ProPTC solution has been adopted by Cape System, Trimfast Group and PacelGroup. The new contracts provide for payment of $75,000.00 for a 1-year software license and monthly maintenance plus other ancillary fees per company for a total of $225,000.00 between the three contracts.
ProPTC is a proprietary technology solution that provides publicly-traded companies with everything they need to meet compliancy requirements for such acts and regulations as Sarbanes-Oxley and HIPAA.
"These first three agreements are a powerful confirmation of the value that ProPTC provides to public companies, whereby the initial target market is approximately 10,000 publicly traded companies," stated Steven Goldberg, CFO of VSUS Technologies, Inc. "Considering the fact that ProPTC has only been available for two weeks and three clients have jumped on-board, we are extremely optimistic about the prospects of this product. Overall, response to ProPTC has been extremely positive and we expect to announce more client contracts in the coming weeks."
ProPTC offers businesses 15 product features and is a cost-effective solution designed to help companies better manage compliance across their network infrastructure, while operating all of their day-to-day functions on one operating platform. Complete accounting software, DTC reports, NOBO reports, EDGAR submission and history, press release submission and history (Internal and most newswires), secure and encrypted email for the company, faxing, SMS, company IM (secure and encrypted), a company profile on MyOneScreen, stockholder information, proxy services, Web hosting and IT, secured storage to keep records SOX compliant, and two VOIP phone lines with equipment (unlimited additional lines available) are among the included ProPTC features.
To learn more go to www.proptc.com
About VSUS Technologies, Inc.
VSUS Technologies, Inc. develops and markets highly secure communications systems for use over the Internet by both businesses and consumers. With expertise in secure online information exchange, VSUS Technologies focuses on developing products for both individuals and businesses that need to communicate in privacy, and in a secure environment. www.vsus.com
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by the use of such terminology as "believes," "expects," "may," "will," "should," "anticipates," "plans," "estimates," and "intends," or derivations or negatives thereof, or comparable terminology. Accordingly, such statements involve risks (known and unknown) and uncertainties. The forward-looking statements are based on assumptions that the company believes are reasonable based on the best information currently available. However, there are a number of risks associated with these assumptions. These risks and uncertainties relate to future revenues, product development, market acceptance, responses from competitors, capital expenditures (including the amount and nature thereof), business strategy and measures to implement strategy, competitive strengths, goals, expansion and growth of the company's business and operations, plans, references to future success and other such matters, and other risk factors and uncertainties detailed in this press release, described from time to time in the company's other Securities and Exchange Commission filings, or discussed in the company's press releases. All forward-looking statements made in this press release are qualified by these cautionary statements and there can be no assurance that the actual results anticipated by the company will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the Company or its business or operations. Outcomes related to such statements are subject to numerous risk factors and uncertainties including those listed in the company's Annual Report filed on Form 10-KSB.