SOURCE: Visiphor Corporation

February 02, 2007 08:00 ET

Visiphor Announces Management Change

VANCOUVER, BC -- (MARKET WIRE) -- February 2, 2007 -- Visiphor Corporation ("Visiphor" or the "Company") (OTCBB: VISRF) (TSX-V: VIS) (XETRA: IGYA) announces that Mr. Wayne Smith, formerly Chief Financial Officer and Chief Operating Officer, has resigned his position with the Company in order to pursue other business opportunities. Mr. Smith will remain with the Company during a transition period over the next two months to ensure a smooth transfer of responsibilities and afterwards as a consultant to the Company on an ongoing basis. He remains a strong supporter of the Company and his knowledge and skill will continue to be available to Visiphor.

The Company is pleased to announce that Mr. Sunil Amin has been appointed Acting Chief Financial Officer. Mr. Amin joined the Company in August of 2006 as Controller; he holds a CGA designation and has several years of experience in financial management and controllership of public companies.

"Wayne has built an excellent financial management system and team over the past four years, providing a strong base to support the continued growth of the Company. We wish Wayne all the best in his future endeavours," said Roy Trivett, CEO. "I look forward to working more closely with Sunil. Over the six months since joining Visiphor, Sunil has clearly demonstrated that he has the knowledge and capabilities to step into the CFO role. This is underlined by the fact that he has led the project to revamp our financial control systems to be compliant with the stringent controls mandated by new public company regulation rules."

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 government, law enforcement, security, health care 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.

The Company's flagship product, referred to as the Briyante Integration Environment ("BIE"), has a production-proven ability to reduce the time, complexity, and risk associated with defining, implementing, and supporting integrated access to physically and technologically disparate computers and datasets. 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 highly successful deployments in the United States and Canada. Visiphor systems are utilized in Canada, the United Kingdom, United States, Mexico and the Far East. The Company 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. In some cases you can identify forward-looking statements by the use of words such as "may," "will," "should," "could," "expect," "plan," "estimate," "predict," "potential," continue," "believe," "anticipate," "intend," "expect," or the negative or other variations of these words, or other comparable words or phrases. 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. Although the Company believes that expectations reflected in its forward-looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance, achievements or other future events. Moreover, neither the Company nor anyone else assumes responsibility for the accuracy and completeness of these forward-looking statements. The Company disclaims 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: roy.trivett@visiphor.com