SOURCE: Visiphor Corporation

October 27, 2005 16:05 ET

Grant Thornton LLP Appointed New Visiphor Auditor

VANCOUVER, BC -- (MARKET WIRE) -- October 27, 2005 -- Visiphor Corporation ("Visiphor"), a provider of leading data integration solutions, is pleased to announce that Grant Thornton LLP, Chartered Accountants has accepted appointment as the Company's auditor. KPMG LLP, Chartered Accountants has resigned as the Company's auditor at the Company's request. The Audit Committee and management of the Company made the change decision following a careful cost-benefit analysis of services offered by the two firms, and taking into account the escalating costs associated with retaining KPMG as the Company's auditor.

It should be noted that there have not been any disagreements with KPMG on any matter concerning accounting principles or practices, financial statement disclosure, or auditing scope and procedures. Such disagreements, if not resolved to KPMG's satisfaction, would have caused KPMG to make reference to the subject matter in their reports.

About Visiphor

Based in Vancouver, British Columbia, Visiphor specializes in developing and marketing software products that enable integrated access to applications and databases. The company also develops solutions that automate law enforcement procedures and evidence handling. These solutions often incorporate Visiphor's proprietary facial recognition algorithms and tools. Using industry standard "Web Services," Visiphor delivers a secure and economical approach to true, real-time application interoperability. The corresponding product suite is referred to as the Briyante Integration Environment (BIE).

Numerous production deployments of BIE have demonstrated remarkable reductions in the time, complexity, and risk associated with defining, implementing, and supporting integrated access to physically and technologically disparate computers. The broad ranging applicability of BIE into a variety of areas (e.g., health care, financial services, government services, telecommunications, etc.) has been clearly demonstrated by recent, highly successful deployments in the United States and Canada. Visiphor's booking and facial recognition systems are deployed in Canada, the United Kingdom, United States, Mexico and the Far East. Visiphor is a Microsoft Certified Partner. For information about Visiphor or the company's products and services, please refer to www.visiphor.com.

Visiphor trades under the following stock symbols: (OTC BB: VISRF) (TSX-V: VIS) (DE: IGYA).


ON BEHALF OF THE BOARD OF DIRECTORS

"Roy Trivett" President and CEO, 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'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


  • Media Inquiries:
    Eric Westra - Manager, Marketing & Communications
    Visiphor Corporation
    Phone: +1-604-684-2449 Ext. 226
    E-mail: eric.westra@visiphor.com

    Investor Inquiries:
    Rick Peterson - VP Capital Markets
    Visiphor Corporation
    Phone: +1-604-684-2883
    E-mail: rick.peterson@visiphor.com