Visiphor Settles Debt
21 Julho 2008 - 9:30AM
Marketwired
VANCOUVER, BC (TSX-V: VIS) (XETRA: IGYA) ("Visiphor" or the
"Corporation") announces today that it is seeking regulatory
approval to settle $850,900 in existing debt owing to seven
non-arms length parties, six of which are directors of the
Corporation and the other a past director of the Corporation, which
will be issued common shares with no warrants. The debt will be
settled through the issuance of 8,509,000 Common Shares at $0.10
per share. The common shares will be subject to a four month hold
period.
The securities will not be registered under the United States
Securities Act of 1933, as amended (the "US Securities Act"), and
may not be offered or sold within the United States or to, or for
the account or benefit of, "US persons," as such term is defined in
Regulation S promulgated under the Securities Act, except in
certain transactions exempt from the registration requirements of
the US Securities Act.
This news release shall not constitute an offer to sell or an
offer to buy the securities in any jurisdiction.
About Visiphor
Visiphor is a software product and services company with special
capabilities for delivering practical, rapidly deployable solutions
serving the government, law enforcement, security, health care and
financial services sectors.
Visiphor's products include Computerized Arrest and Booking
(CABS), the InForce Suite to search and locate disparate
information, Facial Recognition, and the Briyante Integration
Environment (BIE) for integration needs.
Visiphor solutions are utilized in Canada, the United Kingdom,
United States, Mexico and the Far East. The company is a Microsoft
Gold Certified Partner. For information about Visiphor, please
refer to www.visiphor.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Oliver 'Buck' Revell"
Chairman, Visiphor Corporation
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news
release.
Forward-looking Statements: This press release may contain
statements that constitute "forward-looking statements" within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended. In some cases you can identify forward-looking statements
by the use of words such as "may," "will," "should," "could,"
"expect," "plan," "estimate," "predict," "potential," continue,"
"believe," "anticipate," "intend," "expect," or the negative or
other variations of these words, or other comparable words or
phrases. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause our actual
results, performance or achievements, to differ materially from the
anticipated results, performance or achievements expressed or
implied by such forward-looking statements. Factors that could
cause actual results to differ materially from anticipated results
include the risks and uncertainties described in Visiphor
Corporation's Form 10-KSB filed with the United States Securities
and Exchange Commission. Although the Company believes that
expectations reflected in its forward-looking statements are
reasonable, the Company cannot guarantee future results, levels of
activity, performance, achievements or other future events.
Moreover, neither the Company nor anyone else assumes
responsibility for the accuracy and completeness of these
forward-looking statements. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
Distributed by Filing Services Canada and retransmitted by
Marketwire
Investor and Media Inquiries: Roy Trivett CEO Visiphor
Corporation Phone: +1(604) 684-2449 Ext. 234 E-mail: Email
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