Vancouver, BC, April 24, 2007--(T-Net)--Visiphor (OTC BB:VISRF.OB) (CDNX:VIS.V) (XETRA:IGYA.DE) announced today that it has raised $133,333 cash in the form of loans. Of the $133,333 received, $60,667 is from insiders of the company. Visiphor also announces today that it has granted a total of 910,000 options to officers and directors of the Company at an exercise price of $0.10 with an expiry date of April 19, 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. The common shares underlying the options will have a four-month hold period that expires on August 19, 2007. Of the 910,000 options granted, 303,333 options were exercised and provided the company with additional funds.
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.
Visiphor is a Microsoft Gold Certified Partner. For information about Visiphor or the Company's products and services, please visit www.visiphor.com.
Investor and Media Inquiries:
Roy Trivett, CEO
Visiphor Corporation
Phone: 604-684-2449 Ext. 234
E-mail: roy.trivett@visiphor.com