PANAMA CITY BEACH, Fla., Aug. 5, 2013 /PRNewswire/ -- Today, Leone Asset Management, Ltd., subsidiary, to Sloud, Inc., (Pink Sheets: SLOU) announced it has signed an MOU with View Systems, Inc. (OTCBB: VSYM), a rapidly growing provider of security products for schools, event planners, banks and government institutions. The MOU covers a distribution agreement for View Systems' security products in Sierra Leone and throughout other African countries.
Tony Khodadad, President of Leone Asset said, "We are on a path of attracting foreign investment and trade to Sierra Leone and West Africa and are extremely excited about our relationship with View Systems and the new product offering we can now deliver. Our management team identifies specific products and services that are lacking in the region then seek out candidates that have the technologies and capabilities to address and satisfy the voids identified. The security sector is one of the industries that is vastly under serviced and View Systems has the product offering at extremely reasonable price points to satisfy the needs of corporations and government agencies. The new relationship we have created will add an additional revenue stream to our company that will continue to build shareholder value."
About Leone Asset Management
Leone Asset Management, Inc., is a U.S. corporation with offices in Panama City Beach, FL. Sierra Leone subsidiary, Leone Asset Management (SL) Ltd., operates as a Government contractor as well as owning and operating a group of diversified subsidiaries that provide financial advice on individual wealth management, mergers, acquisitions, restructurings, financing, real estate and development, and capital raises to a global client base including individuals, corporations, partnerships, institutions and governments. For additional information, visit: www.leoneasset.com
About View Systems:
View Systems, Inc. manufactures and installs weapons detection identification systems, video management platforms and tele-data communication networks targeted towards correctional facilities, schools, courthouses, government agencies, event and sports venues, and commercial businesses. More information can be found at www.viewsystems.com
Forward-Looking Statements Disclosure This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.
SOURCE Sloud, Inc.