May 21, 2014 17:30 ET
MARKHAM, ONTARIO--(Marketwired - May 21, 2014) - VIQ Solutions Inc. ("VIQ Solutions" or the "Corporation") (TSX VENTURE:VQS) announces that it has arranged a $700,000 secured bridge loan. The bridge loan bears interest at a rate of 13% per annum for a term of one year. The proceeds will be used for general working capital purposes and to retire the principal of the existing $200,000 secured bridge loan and interest owing thereunder.
About VIQ Solutions Inc.
VIQ Solutions is a global leader in computer-based digital audio and video capture and management. We develop software solutions that capture, digitize, and compress audio and video data, which is securely stored in a multi-tiered server system where it is easily searchable and shareable. Our innovative media processor technology allows users to remotely control audio-video capture in multiple locations from a single satellite location, allowing large-scale and complex installations to be managed efficiently by fewer resources. VIQ Solutions' technologies are installed in courts, legislative assemblies, law enforcement and hearing rooms around the world.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
VIQ Solutions Inc.David OuthwaitePresident & CEO(905) 948-8266 ext. firstname.lastname@example.orgVIQ Solutions Inc.Karen HershChief Financial Officer(905) 948-8266 ext. email@example.com
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