Visual Defence, The Security Convergence Company
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Press Release

May 6, 2005

VISUAL DEFENCE INC.
("Visual Defence" or "VDI")

FIRST DAY OF DEALINGS ON THE ALTERNATIVE INVESTMENT MARKET

The Board of Visual Defence Inc. (LSE:VDI - News; "Visual Defence" or "the Company"), a company which provides integrated software and hardware solutions for digital audio-visual security systems over wireless and physical IP networks announces that the Company's shares have today been admitted to trading on the Alternative Investment Market of the London Stock Exchange plc ("AIM"). 33,492,823 Common shares have been allocated to investors at a price of 55 pence per share (the "Placing Price"), raising approximately GBP 18.4 million (before expenses) for the Company. On admission to AIM a total of 82,086,487 Common shares were in issue capitalising the Company at approximately GBP 45.1 million at the Placing Price. KBC Peel Hunt is the Company's Nominated Adviser and broker.

For further information please contact:

Oved Tal, Chief Executive Officer           Visual Defence Inc.                     905.731.1254
                                 
David Davies, Julian Blunt, David Anderson               KBC Peel Hunt              44.20.7418.8900
                                 
Neil Thapar, Locksley Ryan               Corfin Communications              44.20.7929.8989


Notes To Editors

Company Overview

Visual Defence is a provider of security systems using digital audio-visual (AV) signals transmitted over wireless and physical IP networks, enabling digital AV and data to be captured from a variety of sources, such as fixed or mobile cameras, microphones, infra-red sensors, access controls and burglar alarms and delivered to local or remote locations where it can be managed and monitored.

As a consequence, Visual Defence has placed emphasis on its ability to integrate digital AV solutions with existing legacy analogue networks, enabling them to operate seamlessly as a single system without compromising the scope and quality of the advanced digital security applications. The Directors believe that convergence and integration of both analogue and digital technologies is a natural transition for the market.

The Company was established in February 2005 as a holding company for the Emblaze Defence Business and the Girit/AVLogic Business, which have been operating on a joint basis since February 2004.

  • In January 2004, Emblaze initiated a new division comprising the Emblaze Defence Business, specializing in AV delivery and management solutions over wireless IP networks such as cellular or Wi-Fi.
  • The Girit/AV Logic Business originated within two corporations, Girit Projects Inc. and AV Logic Inc., founded in 2000 and 2003 respectively. The Girit/AV Logic Business uses the same technologies and solutions as Emblaze Defence but over broadband IP fixed networks.
To date, Visual Defence has primarily generated revenues by providing its solutions to partner organisations, such as equipment vendors, OEMs and systems integrators, for integration into systems sold by them. However, recent growth in the market and the increased emphasis now being placed on advanced technology in AV security solutions has seen an increasing opportunity for Visual Defence to work with end-users directly.


About Visual Defence

Visual Defence, the security convergence company, provides advanced solutions that manage mission critical systems for leading organizations around the world. The Canadian company provides government, airport, public transportation and commercial customers with public safety and security solutions that increase management efficiency while leveraging existing security infrastructure. With its Common Management Platform, Visual Defence provides customers with customizable and scaleable solutions that meet their business goals. Visual Defence is headquartered in Canada. Additional information is available at www.visualdefence.com.

Product or service names mentioned herein may be the trademarks of their respective owners.
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