SOURCE: Visiphor Corporation

February 08, 2007 08:00 ET

Visiphor's Partnership With Tiburon Inc. Produces Two New Contracts

VANCOUVER, BC -- (MARKET WIRE) -- February 8, 2007 -- Visiphor Corporation ("Visiphor") (OTCBB: VISRF) (TSX-V: VIS) (XETRA: IGYA) announces today that one of its major business partners, Tiburon Inc., has contracted Visiphor to supply its core data integration and software products in two major law enforcement and justice integration projects in the United States. The combined contract value to Visiphor is in excess of $555,000 (US).

Visiphor's flagship product -- the Briyante Integration Environment ("BIE") -- will enable Tiburon to connect disparate data located in isolated justice information systems by using a standards-based, non-intrusive approach that allows for easy growth and future system modifications. The result will be improved workflows and elimination of redundant data entry into multiple information systems. Ultimately, this provides real-time data access to end-users in law enforcement organizations.

As Roy Trivett, Visiphor President and CEO, reports, "Our continued success in working with our partners has allowed significant expansion in the law enforcement and justice markets. The synergy between Visiphor and Tiburon is thriving."

"This new business underlines the value of our business partnership model," said Oliver "Buck" Revell, Chairman of the board of Visiphor and former Associate Deputy Director of the FBI. "We are very pleased that our data integration solution is gaining expanded acceptance in the U.S. law enforcement community."

The Company announces that a grant of 100,000 options have been granted to an officer of the Company at an exercise price of $0.11 with an expiry date of February 6, 2010. 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 hold period until June 6, 2007.

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

"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

  • Investor and Media Inquiries:
    Roy Trivett
    Visiphor Corporation
    Phone: +1-604-684-2449 Ext. 234