Turning Pennies into dollars: (OTCBB: VISRF), (PINKSHEETS: AWTI), (OTCBB: TCHH).
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Visiphor Corporation (OTCBB: VISRF) (TSX-V: VIS) (DE: IGYA) ("Visiphor")(March 13, 2008) announced that it has received TSX-V approval and has closed a Cdn. $1,750,000 private placement with Quorum Investment Pool Limited Partnership ("QIP") of an 8% convertible secured debenture maturing over a 4-year period. The debenture will be convertible into common shares of the Issuer at the conversion price of Cdn. $0.10 per common share. QIP has agreed to a Cdn. $0.15 conversion price on performance targets mutually agreed upon by Visiphor and QIP. An initial tranche of $800,000 has been released and the remaining $950,000 tranche of the private placement will be held in escrow pending shareholder approval. Quorum Funding Corporation 1 LP., a related party to QIP, will receive a 3% transaction fee payable in cash.
Roy Trivett Visiphor's CEO, commented, "I am really pleased with this financing as it underscores Quorum's continuing confidence in Visiphor. These funds will allow us to execute on new product development projects that will fuel our growth and success over the coming years." The securities will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or applicable state securities laws, and may not be offered or sold within the United States, except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.
This news release shall not constitute an offer to sell or an offer to buy the securities in any jurisdiction.
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 numerous verticals spanning government, energy, 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.
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Air Water International Corporation's (PINKSHEETS: AWTI)(March 13, 2008) subsidiary Air Water Corporation CEO Michael Zwebner announced earlier today that the company has launched a range of newly enhanced air to water machines specifically designed for the Petroleum Industry.
In a statement made today, Mr. Zwebner said: "The company is pleased to announce that, following several months of engineering and the launch of new, highly enhanced Air Water machines with unique air filtering technology, we have now created and manufacture a wide range of air to water machines and systems for use on offshore oil rigs, in oil fields and for the crews and personnel living quarters both offshore and on land. We found all sorts of water and air quality issues prevalent in the areas of oil exploration and extraction. Our company has now successfully dealt with all these issues and is proud to present the latest in high tech air to water products to service the needs of this industry. On all other fronts, we continue to make solid progress in our global marketing operations." Air Water manufactures a large range of various sized Air Water machines that not only produce clean, pure drinking water but the new models will also desalinate, filter and purify sea and other land-based water sources. The Air Water machines will provide local and immediate supplies of (potable) drinking water as needed.
About Air Water Corporation
Air Water Corporation designs and manufactures a wide range of air to water machines and systems that can offer consumers from 25 liters to over 5,000 liters of pure filtered drinking water daily. The company manufactures the machines in several global manufacturing locations, and markets and distributes the entire range of its machines and systems on a worldwide basis.
Solar Style, Inc., based out of Baltimore, MD, offers a complete range of PV Solar Chargers with sizes and powering capabilities for a wide range of consumer electronic products, including mobile phones, Walkmans, Discmans, cameras, mp3 players and personal gaming systems. The company has filed and applied for US, Canada, European and worldwide patent protection for its range of solar chargers. For further information, visit our web address: http://www.solarstyle.com
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Trustcash Holdings, Inc. ("TRUSTCASH") (OTCBB: TCHH) announced yesterday it is reserving the right to purchase common shares of Paivis in the open market prior to closing of the planned merger with PAIVIS, CORP. ("PAIVIS") (PINKSHEETS: PAVC).
Given the opportunity to purchase Paivis common shares in the open market at levels below the proposed $0.10 purchase price of the planned merger could ultimately reduce the cost of the merger.
In the event Trustcash acquires any shares of Paivis, physical certificate delivery will be requested.
All possible purchase activity of Paivis common shares in the open market will be made at the sole discretion of Trustcash management and the board of directors.
In the event any accumulation of Paivis common stock by Trustcash exceeds 5% of Paivis' issued and outstanding common shares, all necessary 13D disclosures will be made by Trustcash as required.
About Trustcash
Through its Trustcash brand and website www.trustcash.com, the Company is a pioneer of anonymous payment systems for the internet. It developed a business based on the sale of a stored value card (both virtual and physical) that can be used by consumers to make secure and anonymous purchases on the internet without disclosing their credit card or personal information. Trustcash provides to its customers the "Trustcash" payment card, which is sold in denominations ranging from $10 to $200 online through any of over 500 websites. Trustcash's non-reloadable, virtual Trustcash card is the only "stored value card" that can be purchased where no personal data is stored or available, providing a unique level of both security and privacy to the purchaser.
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