Visiphor Corporation
OTC Bulletin Board : VISRF

Visiphor Corporation

April 10, 2006 16:05 ET

Visiphor Announces Options Re-Pricing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 10, 2006) - Visiphor Corporation ("Visiphor" or the "Company") (TSX VENTURE:VIS)(OTCBB:VISRF)(DE:IGYA) announced today that it intends to re-price a total of 3,726,563 common share purchase options to $0.45 per share from various prices ranging from $0.47 to $0.79 per share. A total of 3,399,342 of the 3,726,563 options to be re-priced are currently priced at either $0.78 or $0.79. Management of the Company believes that it is in the Company's best interest to re-price the options to a level closer to the Company's current share price in order to provide additional performance incentives to its employees in the current, tight employment market for technology resources.

The Company has received regulatory approval to re-price 1,191,562 common share purchase options granted to employees to $0.45 per share from various prices ranging from $0.47 to $0.79 per share. The vesting provisions and expiry dates of the re-priced options remain unchanged. The Company has also received regulatory approval to re-price 2,535,001 common share purchase options granted to Directors and Officers to $0.45 per share from various prices ranging from $0.55 to $0.79 per share, subject to shareholder approval. The vesting provisions and expiry dates of the re-priced options remain unchanged. The re-pricing of the options granted to directors and officers will be voted on at the Company's annual general meeting, which is scheduled for May 8th, 2006.

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 refer to


"Roy Trivett"

President and CEO, Visiphor Corporation

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 Corporation'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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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