VGT Vigilant

RNS Number:5763D
Vigilant Technology
25 May 2006


Vigilant Technology Limited ("Vigilant" or "the Company")


Statement at Annual General Meeting


Sir Trevor Chinn, Chairman of Vigilant, is making the following statement at the
AGM starting at 11am this morning.


"The Board wishes to make the following comment on the outlook for the current
year.


"We are pleased with progress in several areas as discussed below.  However, it
is clear that a number of tenders on which we are working are taking
significantly longer to come to fruition than we expected.  As a result sales in
the first half of this year will be below the same period of 2005.  We expect
sales to strengthen significantly in the second half making the full year well
up on 2005.  The efforts of our greatly strengthened sales team should produce
increasing results in 2007, based on our continuously developing technology.


"We continue to focus on the development of our technical and marketing
infrastructure.  This is the key to driving growth forward in all our markets
and we need to have the infrastructure ready to support the significant sales
growth we expect in 2007 and beyond.


"We continue to believe that there are three key growth drivers for our
business:


1.  The replacement and upgrading of older analogue CCTV systems with more 
    efficient digital technologies;



2.  New installations in new, large developments deploying the latest 
    technology;


3.  The upgrading of existing customer installations through add-on software 
    solutions.



"We have a number of tenders in the final stages of negotiations.


"In terms of our product offering, we unveiled our new 3rd generation offering
at ISC West in Las Vegas in April and at IFSEC in Birmingham at the beginning of
May this year.


"In January, we extended our non-exclusive OEM agreement with Pelco in the US
until the end of this year and are continuing to collaborate with them
successfully.


"We will continue to build our technical and direct marketing infrastructure
this year to support significant sales growth.  We have identified a number of
new potential target markets that intend to adopt the digital and full IP
solutions for CCTV due to the increasing awareness of security and
anti-terrorism.


"As reported in March 2006, we appointed a Vice-President in charge of global
sales reporting to the CEO.  In all our markets, we have substantially increased
our sales force.  A structured brand building and marketing plan has commenced
which, together with high profile exposure within major trade exhibitions and
sector specific press, has already begun to yield benefits.  The Board therefore
views the prospects of the Company with confidence."


For further information, please contact:

Citigate Dewe Rogerson                +44 (0)20 7638 9571

Sally Marshak/Hannah Seward


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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