-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UYTpTibE3on+Hfnbu2e0DddfDh0QTtza1t9AJNpDNq037oGhavFy10kFysAUpJSE earvDILJbl5ecZhJEiuV3Q== 0001014100-02-000065.txt : 20020417 0001014100-02-000065.hdr.sgml : 20020417 ACCESSION NUMBER: 0001014100-02-000065 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020415 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020417 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VIEW SYSTEMS INC CENTRAL INDEX KEY: 0001075857 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS BUSINESS SERVICES [7380] IRS NUMBER: 592928366 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-30178 FILM NUMBER: 02613543 BUSINESS ADDRESS: STREET 1: 825 W KENYON AV STREET 2: SUITE 15 CITY: ENGLEWOOD STATE: CO ZIP: 80110 BUSINESS PHONE: 3032957200 MAIL ADDRESS: STREET 1: 925 W KENYON AVREET STREET 2: SUITE 15 CITY: ENGLEWOOD STATE: CA ZIP: 80110 8-K 1 edg0461.txt FORM 8-K CURRENT REPORT SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------------------------- FORM 8-K -------------------------------- CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): April 15, 2002 VIEW SYSTEMS, INC. ------------------------------------------------------------------------------ (Exact name of registrant as specified in its charter) Florida 1-15247 59-2928366 - -------------------------------------------------------------------------------- (State or other Jurisdiction (Commission File Number) (I.R.S. Employer of Incorporation) Identification No.) Gunther Than, 1100 Wilso Drive, Baltimore, Maryland 21223 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices/Zip Code) Registrant's telephone number, including area code: (410) 646-3000 --------------------------- Not Applicable - -------------------------------------------------------------------------------- (Former Name or Former Address, if changed since last Report) ITEM 5. OTHER EVENTS On April 2, 2002, View Systems, Inc. (the "Registrant") filed a Notification of Late Filing on Form 12b-25 relating to its Annual Report on Form 10-KSB for the fiscal year ended December 31, 2001. However, the Registrant is unable to file the Form 10-KSB within the 15 day period provided by the filing of such form. As of April 15, 2002, the Registrant is delinquent in filing its Annual Report on Form 10-KSB for the fiscal year ended December 31, 2001. On December 16, 2001, the Registrant acquired a minority interest in Milestone Technology, Inc. ("Milestone") and on March 25, 2002, the Registrant acquired 100% of the outstanding stock of Milestone. The Registrant has experienced difficulty in collecting and integrating the financial data of, and generating financial statements for, Milestone. Because of the failure to file its Form 10-KSB within the prescribed timeframe, the Registrant does not meet the adequate current public information requirement contained in Rule 144(c), promulgated under the Securities Act of 1933, as amended, and the Registrant's shareholders may not rely on Rules 144 or 145 for the resale of restricted securities until the Registrant's Form 10-KSB is filed and the Company has otherwise provided adequate current public information. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (a) and (b) Not Applicable. (c) Exhibits. 99.1 Press Release Dated March 25, 2002. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. View Systems, Inc. (Registrant) Date: 04/17/02 /s/ Gunther Than -------- ---------------------------------- Gunther Than President and Chief Executive Officer -2- INDEX TO EXHIBITS Exhibit No. Description - ------------------- ----------------------------------------------------- 99.1 Press Release dated March 25, 2002 regarding the acquisition of 100% of the outstanding stock of Milestone Technology, Inc. by View Systems, Inc. -3- EX-99.1 3 edg0461_99-1.txt PRESS RELEASE Exhibit 99.1 PRESS RELEASE Contact: Gunther Than President and CEO View Systems, Inc. (410) 646-3000 VIEW SYSTEMS COMPLETES ACQUISITION OF MILESTONE TECHNOLOGY ENGLEWOOD, Colo., Mar 25, 2002 (BUSINESS WIRE) -- View Systems, Inc. (OTCBB: VYST) today announced that it has completed the acquisition of 100% of the outstanding stock of Milestone Technology, Inc. ("Milestone"), of Idaho Falls, Idaho. Previously, on December 16, 2001, View Systems announced that it had taken a minority ownership interest in Milestone, acquiring six percent of Milestone's common stock in exchange for 500,000 shares of View Systems. To complete the acquisition, View Systems issued to the shareholders of Milestone 3.3 million shares of View Systems restricted common stock in exchange for the remaining 94% of Milestone stock. Milestone Technologies is the premier developer of concealed weapons detection systems. Milestone's flagship product is the SecureScan 2000(TM), a walk-through detector that uses advanced magnetic technology to accurately pinpoint the location, size and numbers of concealed weapons, such as knives and guns, while "overlooking" personal artifacts such as coins, keys and belt buckles. Independent testing has demonstrated reduced passenger screening times of up to 50 percent and improved accuracy of follow-up searches. Under the terms of the acquisition, Mr. Paul Reep, President of Milestone, will continue to perform his role as head of the Milestone division and as a vice president of View Systems. Additionally, Mr. Reep will facilitate the integration of facial recognition, video surveillance, concealed weapons detection and other security products. Gunther Than, chief executive officer of View Systems, stated, "The acquisition of Milestone fits right into our strategy for growth. View Systems is first and foremost a company whose focus is providing technologically advanced solutions to help solve security problems, and that is also the core focus of Milestone's technology. Since the terrorist attacks of September 11, 2001, worldwide demand for improved weapons detection systems has skyrocketed. Further, many of the customers to whom we are marketing our current product line, such as schools, government facilities and even private businesses, are also looking at installing weapons detection systems, so it only makes sense that we are able to provide those types of products. We estimate first year's sales of SecureScan could be as many as 500 units." -----END PRIVACY-ENHANCED MESSAGE-----