Visiphor Receives Demand for Payment
25 Novembre 2008 - 10:56PM
Marketwired
Visiphor Corporation ("Visiphor") (OTCBB: VISRF) (TSX-V: VIS)
(XETRA: IGYA) announced that it has received demands for payment
and notices of intention to enforce security from Quorum Secured
Equity Trust and Quorum Investment Pool Limited Partnership
(collectively "Quorum"). After a period of 10 days Quorum will be
in a position to take steps to enforce their security against the
assets of Visiphor and its subsidiaries. The Company and Quorum are
negotiating a possible standstill agreement in which Quorum will
hold off on exercising any rights during the standstill period.
Also Ms. Wanda Dorosz and Mr. Michael Goffin have resigned as
directors of the Company.
About Visiphor
Visiphor software products and services deliver practical,
rapidly deployable solutions that integrate business processes and
databases. The Company's solutions focus on disparate process and
data management problems that exist in numerous verticals spanning
government, energy, law enforcement, security, health care and
financial services. Using industry standard Web Services and
Service Oriented Architecture ("SOA"), Visiphor delivers a secure
and economical approach to true, real-time application
interoperability.
Visiphor is a Microsoft Gold Certified Partner. For information
about Visiphor or the Company's products and services, please visit
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 applicable Canadian and United States securities laws.
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. We disclaim 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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