SOURCE: Visiphor Corporation

January 15, 2008 08:30 ET

Visiphor and Austin Biometrics Awarded a New Contract Totaling $394,500

VANCOUVER, BC--(Marketwire - January 15, 2008) - Visiphor Corporation ("Visiphor") (OTCBB: VISRF) (TSX-V: VIS) (XETRA: IGYA), announces that its core data integration and facial recognition software products are to be implemented in a state-wide law enforcement integration project in the United States. The total contract, awarded via Visiphor's partner Austin Biometrics LLC, is valued at $394,500 USD. The contract value to Visiphor is in excess of $355,000 USD and is predominantly product license fees.

Visiphor will be responsible for all product implementation and associated services related to the project. The total solution will include three components: 1) Visiphor's proprietary facial recognition software, 2) InForce IQ, a web-based 'federated query' application, and 3) Visiphor's data sharing product, BIE. Upon project completion, the client will be able to query multiple databases using facial imagery and/or text-based identifiers to locate subject information. Ultimately, the new system will improve operational efficiency by providing users with rapid, web-based access to critical information from disparate information sources.

"This win is significant to us for a couple of reasons," stated Visiphor's CEO Roy Trivett. "One, it's a great start for our new business relationship with Austin Biometrics, a U.S.-based provider of integrated security solutions, and two, it validates the power of combining our traditional biometric technology with our advanced data sharing capabilities. We are confident that this initiative will lead to many more product-centric contracts in the upcoming year."

Oliver "Buck" Revell, Chairman of Visiphor and the former Associate Deputy Director of the Federal Bureau of Investigation, stated, "I am extremely pleased with the acquisition of our technology in this award. Visiphor was founded to provide information technology to law enforcement and we have continued our emphasis on providing the most advanced capabilities to the law enforcement community with these products. Fusion Centers and Multi-Agency Task Forces are the ideal users of our technology, and this award furthers these applications."

The proposed rollout of the solution will occur over the next three months, and is expected to go live in Q2 2008.

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