Visiphor Corporation
TSX VENTURE : VIS
OTC Bulletin Board : VISRF

Visiphor Corporation

September 16, 2005 09:30 ET

Visiphor Announces Re-Pricing of Warrants

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 16, 2005) - Visiphor Corporation ("Visiphor") (OTCBB:VISRF)(TSX VENTURE:VIS)(DE:IGYA) announced today that it is has agreed, subject to TSX Venture Exchange (the "Exchange") approval, to re-price 2,624,971 warrants to $0.46 and to extend their expiry to November 30th, 2005. The re-priced warrants will be subject to accelerated vesting provisions prescribed by the Exchange's corporate finance policies.

About Visiphor

Based in Vancouver, British Columbia, Visiphor specializes in providing solutions that enable data integration and information sharing. Through the use of widely accepted and adopted standards, Visiphor seamlessly links real-time information from many different systems into a single, understandable context. The core technology used to accomplish this is the Briyante Integration Environment (BIE). Numerous production deployments of BIE have demonstrated remarkable reductions in the time, complexity, and risk often associated with large scale integration projects. The broad ranging applicability of BIE into a variety of areas (health care, financial services, government services, telecommunications, etc.) has been clearly demonstrated by recent, highly successful deployments in the United States and Canada.

The company also provides applications to automate law enforcement procedures and evidence handling that often incorporate Visiphor's proprietary facial recognition algorithms and tools. Visiphor's law enforcement automation systems are deployed in Canada, the United Kingdom, United States, Mexico and the Far East.

Visiphor is a Microsoft Certified Partner.

For information about Imagis or the company's products and services, please refer to www.visiphor.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"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.

Contact Information

  • Media Inquiries:
    Eric Westra - Manager, Marketing & Communications
    Visiphor Corporation
    +1-604-684-2449 Ext. 226
    eric.westra@visiphor.com
    or
    Investor Inquiries:
    Rick Peterson - VP Capital Markets
    Visiphor Corporation
    +1-604-684-2883
    rick.peterson@visiphor.com