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VISTA 2000, INC. SEES RECORD SALES & PROFITS; ORDER BACKLOG HITS NEW HIGHS BASED ON CARBON MONOXIDE & RADON LINES; ADDITIONAL ACQUISITIONS PLANNED.


ROSWELL, GEORGIA--(BUSINESS WIRE)--JUNE 22, 1995--VISTA 2000, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic.

Antonym: dec.
. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: VIST VIST Vak Informatie Systeem Twente (Dutch)
VIST Vascular Interventional Surgical Trainer
VIST Voice Integrated Systems Technology
, VISTW) disclosed today that its order backlog has hit record highs, driven largely by its new Safety Siren for Carbon Monoxide carbon monoxide, chemical compound, CO, a colorless, odorless, tasteless, extremely poisonous gas that is less dense than air under ordinary conditions. It is very slightly soluble in water and burns in air with a characteristic blue flame, producing carbon dioxide;  product line. Among major chains placing orders are national hardware chains and several major grocery chains, both in the US and Canada. It expects its revenues for the remainder of the year to substantially exceed internal forecasts and has additional plans for further acquisitions in the near term.

"We are well positioned for record profitability and growth in all phases of our business. Our acquisitions have been integrated with our core operations efficiently, providing new leverage in distribution for all of our lines. Our FSPI FSPI Federasi Serikat Petani Indonesia (Federation of Indonesian Peasant Unions)  (Family Safety Products, Inc.) group has begun shipments of the new carbon monoxide and combustible com·bus·ti·ble
adj.
Capable of igniting and burning.

n.
A substance that ignites and burns readily.
 gas alarm product lines, with the new Safety Siren for Radon and SafetyView home security lines on target for volume shipments this summer," stated Mr. Richard Smyth, VISTA's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . When asked about the Company's expectations for the summer and fall quarters, and its plans for further acquisitions he responded, "We are exceeding all of our internal estimates by a wide margin. Further, our balance sheet will reflect our desire for solid, long term growth and stability and should position us for further growth in the near term. We are expecting even greater growth in all aspects of our operations and are continuing to evaluate a number of acquisitions."

VISTA's products are sold through retailers nationwide. "Our largest customers this year will include Wal-Mart, K-Mart and Target stores, plus other national giants including Home Depot, ACE hardware, ServiStar Hardware and a number of large grocery chains. Our order backlog currently indicates that the hardware chains and grocery groups will provide the largest growth for the year," explained Mr. Smyth.

VISTA 2000, INC. is a provider of a broad line of popular consumer products including housewares house·wares  
pl.n.
Cooking utensils, dishes, and other small articles used in a household, especially in the kitchen.
, specialty appliances and home security products which meet the growing market for personal safety, home security and family health. Its Safety Siren line includes handheld, home security and environmental alarms, including Safety Siren for Carbon Monoxide, Safety Siren for Radon, SafetyView-wireless home video system and Alarm-One, a new wireless home security system for the do-it-yourself marketplace. The products are sold through retailers nationwide and direct to consumers on television and in magazines.

CONTACT: RICHARD P. SMYTH, CEO, 404/751-3776

or

LEONARDO ZANGANI, PR, 908/788-9660
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 22, 1995
Words:403
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