SOURCE: Voyant International Corporation

July 01, 2008 16:15 ET

Voyant Management Increases Stake in Company by Exchanging More Debt for Equity

Latest Transaction Is the Second Voluntary Swap of Debt for Equity by Management Team

MOUNTAIN VIEW, CA--(Marketwire - July 1, 2008) - Voyant International Corporation (OTCBB: VOYT), a diversified media and technology holding company dedicated to improving the quality of the digital world for both businesses and consumers, announced that the members of its senior management team have once again agreed to convert all of the deferred pay owed to them by the company into convertible preferred stock.

The senior officers of the company have voluntarily exchanged all debt from accrued wages owed to these officers for Voyant preferred stock. "As a sign of our confidence in Voyant, our senior management team has been taking only a fraction of their full salaries in recent months," explained Mark Laisure, Voyant's executive chairman of the board. "These officers have now elected to transfer the balance of their accrued wages into equity, reprising a similar debt-for-equity swap that occurred in December 2007."

Voyant is a holding company addressing new, large markets at the intersection of digital content and technology. The company seeks to leverage its significant collection of intellectual property and know-how to create value for its shareholders through compelling business opportunities. The company's business units are currently active in the fields of (a) next-generation white-space radios (WSR), (b) Internet data transfer acceleration, (c) commercial aviation broadband connectivity and (d) original media content creation and aggregation.

"We believe that Voyant is in an excellent position to monetize the intersection between digital content and technology," added CEO Dana Waldman. "We are passionate about what we are doing here and the opportunities and value that Voyant is creating. This debt-for-equity swap is a chance for our management team to further participate in the anticipated success of our company and align ourselves with the interests of our shareholders, while also reducing the liabilities on Voyant's balance sheet."

About Voyant

Voyant is a media and technology holding company focused on bringing innovative technologies, media assets, and strategic partnerships together to deliver next-generation commercial and consumer solutions to empower, enhance, and enrich our digital world. The company works with strategic partners in the technology and entertainment sectors to locate, partner with, and acquire complementary technologies and media assets that position the company in the value chain from content creation to direct distribution to the consumer. More information can be found at http://www.voyant.net. To receive public information, including press releases, conference calls, SEC filings, profiles, investor kits, news alerts and other pertinent information, please register at http://www.voyant.net/investorpass.

Safe Harbor

This news release contains forward-looking statements, including but not limited to, those that refer to the company's future development plans or operating results. Actual results could differ materially from those anticipated due to risk factors that include, but are not limited to, lack of timely development of products and services; lack of market acceptance of products, services and technologies; adverse government regulations; competition; breach of contract; inability to secure sufficient capital for continued operations; inability to earn revenue or profits; dependence on and retention of key individuals; inability to obtain or protect intellectual property rights; lower sales and higher operating costs than expected; technological obsolescence of the company's products; limited operating history and risks inherent in the company's markets and business and other factors discussed on our website on the "Investors" page, in our most recent Annual Report on Form 10-KSB and our Quarterly Reports on Form 10-QSB filed with the SEC. Investors are advised to read our Annual Report, quarterly reports and current reports on Form 8-K filed after our most recent annual or quarterly report. The forward-looking statements in this press release represent our current views as of the dates of individual pages and we disclaim any obligation to update these forward-looking statements.

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