VANCOUVER, British Columbia, Sept. 16, 2005 (PRIMEZONE) -- Visiphor Corporation ("Visiphor") (OTCBB:VISRF) (TSX-V: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 30, 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
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.