Q4 Web Systems

Q4 Web Systems

July 17, 2007 12:34 ET

Q4 Web Systems Closes $1.8M CDN in Private Placement Financing

Financing to fund ongoing development of innovative workflow compliance and disclosure solutions and expanded sales and marketing efforts

TORONTO, ONTARIO--(Marketwire - July 17, 2007) - Q4 Web Systems Inc. ("Q4 Web Systems" or the "Company") is pleased to announce that it has closed $1.8M CDN in private placement financing from investors including a Schedule A Canadian bank. The proceeds of the financing will be used by the Company to expand sales and marketing activities and accelerate the development of Q4 Web System's innovative suite of workflow and collaboration solutions for managing capital markets disclosure and Sarbanes-Oxley compliance.

"We've grown rapidly over the past year and are pleased with our investors' confidence in our company, our products and our plans for expansion across North America," says Darrell Heaps, President and CEO of Q4 Web Systems.

"Increased regulation has strained the resources of issuers who are challenged to balance Sarbanes-Oxley compliance with corporate disclosure and the expectations of real-time transparency " said Mr. Heaps. "Our suite of innovative solutions addresses the management, tracking and distribution of disclosure and automates many tasks, saving time and money while speeding the delivery of material information to the market. "

Q4 Web Systems' products aid in the certification of disclosure controls and procedures as specified in Sarbanes-Oxley Act section 302 and Canadian Securities Administrators' Multilateral Instrument 52-109 and streamline compliance with CEO/CFO certification and Bill 198. They do so by automatically routing information upward and generating time-stamped, auditable records of all viewers, versions, comments, edits and approvals.

About Q4 Web Systems

Q4 Web Systems is a leading provider of end-to-end disclosure management software. help publicly-traded companies increase efficiency, reduce compliance risk and gain complete in-house control over their disclosure. Q4's innovative solutions automate many of the manual tasks related to disclosure, saving issuers time and money while speeding the delivery of their material information to the market. Companies across North America rely on Q4Web Systems to manage their disclosure more efficiently, more effectively and with less risk.

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