WESTBOROUGH, Mass., July 22, 2010 (GLOBE NEWSWIRE) -- Viking Systems, Inc. (OTCBB:VKNG) filed a Form 8-K with the Securities and Exchange Commission on July 21, 2010 providing investors with a corporate presentation summarizing the Company's business, market opportunities for its 3DHD technology and related strategy. The presentation can also be found on the Company's website at: www.globenewswire.com/newsroom/ctr%3Fd=180486%26amp;l=6%26amp;a=www.vikingsystems.com%26amp;u=http%253A%252F%252Fwww.vikingsystems.com" target="_top" rel="nofollow">www.vikingsystems.com
Viking Systems is in the final phases of its Next Generation 3DHD Visualization System product development and plans the market launch of this product at the American College of Surgeons 96th Clinical Congress, October 3-7, 2010 in Washington D. C. The Company believes that at launch this system will be the only cost effective, standalone 3DHD solution available for minimally invasive surgery.
The "Next Gen" product is planned to provide the following advantages over the current 3D product marketed by the Company:
- The system will have both 2D and 3D viewing options.
- The image quality will be improved to full High Definition.
- A Sony 3DHD flat panel display will replace the head mounted displays currently marketed by the Company.
- The system is expected to be priced significantly below Viking's current 3D system.
The Company has reported an overwhelmingly positive response to the prototype Next Generation 3DHD Visualization System at various forums where surgeons and other attendees had the opportunity to experience or learn about the benefits of Viking's system. The Company believes that performing complex minimally invasive procedures with a 3D vision system has the potential not only to improve the quality of care but also to reduce procedure time and therefore cost of procedures.
About Viking Systems, Inc.
Viking Systems, Inc. (OTCBB:VKNG) is a leading worldwide developer, manufacturer and marketer of 2D and 3D visualization solutions for complex minimally invasive surgery. The Company partners with medical device companies and healthcare facilities to provide surgeons with proprietary visualization systems enabling minimally invasive surgical procedures, which reduce patient trauma and recovery time.
For more information visit the Company's website at: www.globenewswire.com/newsroom/ctr%3Fd=180486%26amp;l=6%26amp;a=www.vikingsystems.com%26amp;u=http%253A%252F%252Fwww.vikingsystems.com" target="_top" rel="nofollow">www.vikingsystems.com
This press release contains forward-looking statements. These forward-looking statements are estimates reflecting the best judgment of our management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. These forward-looking statements should, therefore, be considered in light of various important factors as described in our annual report on Form 10-K under the heading "Risk Factors" as updated from time to time by our quarterly reports on Form 10-Q and our other filings with the Securities and Exchange Commission. Statements concerning forecasts, revenue growth, procedure growth, future financial results, and statements using words such as "estimate", "project", "plan", "intend", "expect", "anticipate", "believe" and similar expressions are intended to identify forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We undertake no obligation to publicly update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.