VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2011) -
THIS NEWS RELEASE IS NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES FOR DISCLOSURE IN THE UNITED STATES
Manuweb Software Systems, Inc. (CNSX:AIV) ("Manuweb" or the "Company") is pleased to announce that, effective at the opening of trading on the Canadian National Stock Exchange on Wednesday, December 21, it will have completed a consolidation of its share capital on a seven for one basis, consolidating its 17,796,667 currently outstanding common shares to 2,542,381 shares following the consolidation. Shareholder authorization to effect the share consolidation was approved at the Company's Annual and Special Meeting held on December 7, 2011, and the consolidation has been accepted by the Canadian National Stock Exchange. In addition, shareholders approved the acquisition of VisualVault Technologies Inc. and Advantive Information Management, Inc. at the meeting.
The Company's name and trading symbol will change to VisualVault Corporation and VVT. The Company's new CUIP/ISIN numbers are CUSIP 92845N105 /ISIN CA92845N1050.
Letters of transmittal with respect to the consolidation will be mailed out to all registered shareholders on or about December 21, 2011. All registered shareholders of the Company will be required to send their certificates representing pre-consolidation common shares with a properly executed letter of transmittal to the Company's transfer agent, Computershare Investor Services Inc., in accordance with the instructions provided in the letter of transmittal. Additional copies of the letter of transmittal can be obtained through Computershare Trust Company of Canada. All shareholders who duly complete letters of transmittal will receive post-consolidation common share certificates. No certificates representing factional post-consolidation common shares will be issued pursuant to the consolidation.
About VisualVault Corporation:
VisualVault Corporation is a Vancouver, BC and Scottsdale, Arizona based company engaged in the delivery of unique compliance based software solutions to regulatory compliant markets including health care, securities regulation, and governments. The Company intends to expand and build upon the extensive customer base developed by Auersoft LLC of Mesa, Arizona in this industry both within North America and internationally.
The forward-looking information contained in this press release is made as of the date of this press release and except as required by applicable law, the company does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise. By its very nature, such forward-looking information requires the company to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.
Neither the Canadian National Stock Exchange nor its regulation services provider (as that term is defined in the policies of the Canadian National Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Brian Cameron
Chief Financial Officer
602-865-9356
office@cameronandassociates.net