SOURCE: Visiphor Corporation

October 08, 2008 19:05 ET

Visiphor Grants Options

VANCOUVER, BC--(Marketwire - October 8, 2008) - Visiphor Corporation ("Visiphor") (OTCBB: VISRF) (TSX-V: VIS) (XETRA: IGYA) announces that it has granted a total of 1,200,000 options to officers and directors of the Company at an exercise price of $0.10 with an expiry date of October 7, 2011. One third of these options will vest immediately, one third will vest one year from the date of grant, and the final third will vest two years from the date of grant, with a four month hold period that expires on February 7, 2009.

About Visiphor

Visiphor is a software product and services company with special capabilities for delivering practical, rapidly deployable solutions serving the government, law enforcement, security, health care and financial services sectors.

Visiphor's products include Computerized Arrest and Booking (CABS), the InForce Suite to search and locate disparate information, Facial Recognition, and the Briyante Integration Environment (BIE) for integration needs.

Visiphor solutions 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, please refer to 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. 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.

Contact Information

  • Media and Investor Inquiries:
    Roy Trivett
    CEO
    Visiphor Corporation
    Phone: 604-684-2449 Ext. 234
    E-mail: Email Contact