SOURCE: Visiphor Corporation

October 02, 2007 08:30 ET

Business Update: Visiphor Announces Continuing Success in Providing Innovative Integration Solutions

VANCOUVER, BC--(Marketwire - October 2, 2007) - Visiphor Corporation ("Visiphor") (OTCBB: VISRF) (TSX-V: VIS) (XETRA: IGYA), a leading provider of integration software and services, announces that they have been successfully delivering on a project that was not previously announced. To date, the continuing delivery of the project has amounted to more than $1.3 million of revenue for 2007. As a result of competitive sensitivities and the innovative nature of the solution, the client has requested that their name and location not be disclosed.

Visiphor's solution automates the client's workflow processes and supports the comprehensive control environment mandated by the Sarbanes Oxley Act. The success of the project is due to the commitment and expertise of the Visiphor team who are continuing to work closely with the client in the extension and refinement of this world-class integrated workflow management solution.

"The continuing growth of this aspect of our solutions business underlines the high value that our customers place on Visiphor's expertise in the integration and workflow space," stated Visiphor CEO Roy Trivett. "Our team is continuing to provide valuable integration solutions addressing the pressing, contemporary needs of our customers."

Completes Secured Debenture

The Company announces today that it has completed a secured debenture to Quorum Investment Pool Limited Partnership in the principal amount of $207,693 at an annual rate of interest of eight percent (8%) maturing on October 28, 2007.

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, healthcare 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 Section 21E of the Securities Exchange Act of 1934, as amended. 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.

Contact Information

  • Investor and Media Inquiries:
    Roy Trivett
    CEO
    Visiphor Corporation
    Phone: +1-604-684-2449 Ext. 234
    E-mail: Email Contact