SEATTLE - June 21, 2011 (Investorideas.com Defense Newswire) - Visualant, Inc. (OTCBB: VSUL), an emerging leader in authentication systems technology, announced today that Ron Erickson, Company Chief Executive Officer, will present at the 2011 Emerging Growth Equities Summit being held in New York City on Tuesday, June 21, 2011.
Ron Erickson, Visualant CEO, said, "We are pleased to present an overview of the Visualant Spectral Pattern Technology and Visualant's corporate strategy to the participants in the Emerging Growth Equities Summit."
Following the Summit, Erickson's presentation will be available to be viewed on the Visualant website at www.visualant.net.
About Visualant, Inc.
Visualant, Inc. (OTCBB: VSUL) develops low-cost, high speed, light-based security and quality control solutions for use in homeland security, anti-counterfeiting, forgery/fraud prevention, brand protection and process control applications. Our patent-pending technology uses controlled illumination with specific bands of light, to establish a unique spectral signature for both individual and classes of items. When matched against existing databases, these spectral signatures allow precise identification and authentication of any item or substance. This breakthrough optical sensing and data capture technology is called Spectral Pattern Matching ("SPM"). SPM technology can be miniaturized and is easily integrated into a variety of hand-held or fixed mount configurations, and can be combined in the same package as a bar-code or biometric scanner.
Through its wholly owned subsidiary, TransTech Systems, Inc., the Company provides security and authentication solutions to security and law enforcement markets throughout the United States.
Contact:
Visualant, Inc.:
Lynn Felsinger
206 903 1351
Lynn@visualant.net
Investor Relations
Paul DeRiso
Core Consulting Group
925-465-6088
paul@coreconsultingroup.com
Visualant, Inc. (OTCBB:VSUL) Featured showcase company on Investorideas.com and related security portals and blogs
Visit the showcase page: http://www.investorideas.com/CO/VSUL/
Disclosure and Disclaimer: Visualant, Inc. (OTCBB:VSUL) is a paid advertising featured showcase company on Investorideas.com and related security portals and blogs.
(1500 per month and $five thousand per month in restricted 144 shares)
Tuesday, June 21, 2011
Tuesday, June 14, 2011
Security Stocks; UPSG (TSX-V: UZZ) Executes Purchase Agreement
Edmonton, Alberta CANADA - June 14, 2011 (InvestorIdeas.com Newswire) - F.V.Ramsoondar, Chief Executive Officer of United Protection Security Group Inc. (UPSG or the Company), (TSX-V:UZZ) is pleased to announce that the Company has executed a Purchase Agreement with an Edmonton based Video Verification Security Systems company ("the Target").
The Company will acquire certain assets of the Target, which includes a customer list, and all of the equipment from its monitoring station for a consideration that will be calculated based on seventy percent (70%) times twenty four (24) times monthly revenue. The Company estimates that the purchase price will be approximately $330,000. The purchase price is subject to a possible downward adjustment on each of September 1, 2012 and September 13, 2013 by applying the above mentioned purchase price formula to the two months prior to the adjustment date. All calculation of monthly revenue shall be made and taken only in respect of the customers and video monitoring revenues of the Target on the closing date of the transaction.
Payment of the purchase price will be settled by the issuance of common shares of the Company at a price of six cents ($0.06) per common share to be issued to the Target as to: one third (1/3) on closing; one third (1/3) on September 1, 2012; and (1/3) on September 1, 2013. The target may also receive a bonus based on 50% of the gross margin on sales to certain designated accounts during the first year, to be paid by issuing shares at $0.10 per share. This transaction is schedule to close July 1, 2011.
Mr. Ramsoondar states, "This acquisition will give the Company the momentum required to continue to build its Electronic Security Segment and become one of the leaders in delivering specialized Electronic Security Nationally."
The transaction is subject to the Company conducting satisfactory due diligence, board of director approval and TSX Venture Exchange approval.
Stock Awareness Activities
To find out more about United Protection Security Group Inc. (TSX-V: UZZ), visit our website at www.unitedprotection.com. To join the 'request for information', go to the web page www.unitedprotection.com and click the tab 'request information' and follow the prompts.
For additional investor and media relations inquiries contact:
Fredy Ramsoondar CEO and Director
Email: fredy.ramsoondar@unitedprotection.com
Tel: 780-465-8101
Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks related to business development and retention, and risks related to the current economic and credit conditions. As a result, actual results may vary materially from those described in the forward-looking statements.
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
To view this release as a web page, please click on the following link:
http://www.usetdas.com/pr/united06092011.htm
United Protection Security Group Inc.
#212, 8711A - 50th Street
Edmonton, Alberta T6B 1E7
Telephone (780) 465-8101
Source: United Protection Security Group Inc. (TSX-V: UZZ) http://www.unitedprotection.com
Maximum News Dissemination by Filing Services Canada Inc. http://www.usetdas.com
Disclosure: UZZ is a paid advertising client on Investorideas.com and our defense portals.
The Company will acquire certain assets of the Target, which includes a customer list, and all of the equipment from its monitoring station for a consideration that will be calculated based on seventy percent (70%) times twenty four (24) times monthly revenue. The Company estimates that the purchase price will be approximately $330,000. The purchase price is subject to a possible downward adjustment on each of September 1, 2012 and September 13, 2013 by applying the above mentioned purchase price formula to the two months prior to the adjustment date. All calculation of monthly revenue shall be made and taken only in respect of the customers and video monitoring revenues of the Target on the closing date of the transaction.
Payment of the purchase price will be settled by the issuance of common shares of the Company at a price of six cents ($0.06) per common share to be issued to the Target as to: one third (1/3) on closing; one third (1/3) on September 1, 2012; and (1/3) on September 1, 2013. The target may also receive a bonus based on 50% of the gross margin on sales to certain designated accounts during the first year, to be paid by issuing shares at $0.10 per share. This transaction is schedule to close July 1, 2011.
Mr. Ramsoondar states, "This acquisition will give the Company the momentum required to continue to build its Electronic Security Segment and become one of the leaders in delivering specialized Electronic Security Nationally."
The transaction is subject to the Company conducting satisfactory due diligence, board of director approval and TSX Venture Exchange approval.
Stock Awareness Activities
To find out more about United Protection Security Group Inc. (TSX-V: UZZ), visit our website at www.unitedprotection.com. To join the 'request for information', go to the web page www.unitedprotection.com and click the tab 'request information' and follow the prompts.
For additional investor and media relations inquiries contact:
Fredy Ramsoondar CEO and Director
Email: fredy.ramsoondar@unitedprotection.com
Tel: 780-465-8101
Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks related to business development and retention, and risks related to the current economic and credit conditions. As a result, actual results may vary materially from those described in the forward-looking statements.
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
To view this release as a web page, please click on the following link:
http://www.usetdas.com/pr/united06092011.htm
United Protection Security Group Inc.
#212, 8711A - 50th Street
Edmonton, Alberta T6B 1E7
Telephone (780) 465-8101
Source: United Protection Security Group Inc. (TSX-V: UZZ) http://www.unitedprotection.com
Maximum News Dissemination by Filing Services Canada Inc. http://www.usetdas.com
Disclosure: UZZ is a paid advertising client on Investorideas.com and our defense portals.
Thursday, June 9, 2011
Security Stocks; UPSG (TSX-V: UZZ) Announces New Appointments
Edmonton, Alberta CANADA - June 9, 2011 (InvestorIdeas.com Newswire) - F.V.Ramsoondar, Chief Executive Officer of United Protection Security Group Inc. (UPSG or the Company), (TSX-V:UZZ) is pleased to announce the appointments of Andrew Clark as Senior Vice President of Operations, and Chris Guilbeault as Interim ChiefFinancial Officer.
Mr. Ramsoondar states "Mrs. Guilbeault is a graduate of the University of Saskatchewan and a member of the Institute of Chartered Accountants of Alberta since 1991. She has over 15 years experience in public company auditing and reporting including holding the position of Manager of Financial Reporting for a public resource company. Chris has the required knowledge to assist the Company with the adoption of International Financial Reporting Standards which is effective for the Company Q1 interim financial statements."Mr. Ramsoondar states "Mr. Clarke has been with the Company since 2006 and previously held the position of Director of Operations for Northern Alberta and Saskatchewan. Andrew has demonstrated a broad understanding of all facets of our business and the security industry in general. Prior to joining the Company Andrew was General Manager of the Edmonton Branch Operations for one of Canada's largest security guard companies."
Stock Awareness Activities
To find out more about United Protection Security Group Inc. (TSX-V: UZZ), visit our website atwww.unitedprotection.com. To join the 'request for information', go to the web page www.unitedprotection.com and click the tab 'request information' and follow the prompts.
For additional investor and media relations inquiries contact:
Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks related to business development and retention, and risks related to the current economic and credit conditions. As a result, actual results may vary materially from those described in the forward-looking statements.
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
To view this release as a web page, please click on the following link:
United Protection Security Group Inc.
#212, 8711A - 50th Street
Edmonton, Alberta T6B 1E7
Telephone (780) 465-8101
#212, 8711A - 50th Street
Edmonton, Alberta T6B 1E7
Telephone (780) 465-8101
Source: United Protection Security Group Inc. (TSX-V: UZZ) http://www.unitedprotection.com
Maximum News Dissemination by Filing Services Canada Inc. http://www.usetdas.com
Disclosure: UZZ is a paid advertising client on Investorideas.com and our defense portals.
Security Industry News; Visualant (OTCBB:VSUL) Closes RATLab Acquisition; Consolidation of Intellectual Property and Scientific Leadership
SEATTLE - June 9, 2011 (Investorideas.com Defense Newswire) - Visualant, Inc. (OTCBB: VSUL), a pioneer provider of industry-leading identification solutions, announced today that it closed the acquisition of all Visualant related assets of the RATLab LLC.
The RATLab LLC is a Seattle based research and development laboratory created by Dr. Tom Furness, founder and Director of the HITLab International, with labs at Seattle, University of Canterbury in New Zealand, and the University of Tasmania in Australia. Guided by Dr. Tom Furness and Dr. Brian Schowengerdt, a research scientist in the field of optics and vision science, the RATLab LLC developed the Spectral Pattern Matching ("SPM") technology under contract for Visualant.
With this acquisition, Visualant consolidates all intellectual property relating to the SPM technology. In addition to its current authentication and security applications of SPM, Visualant now owns all other applications including the important fields of medicine, agriculture, and the environment and will begin the creation of its laboratory.
With the closing of this asset acquisition transaction, Dr. Tom Furness and Dr. Brian Schowengerdt will continue to provide technology leadership to Visualant under consulting agreements with the Company.
Dr. Furness stated, "We are very pleased to begin the process of moving all the Visualant intellectual property and scientific leadership to the Company. Coupled with the new innovations that will come out of Visualant Laboratory, we believe the applications of the SPM technology can grow rapidly, and we look forward to our active involvement in that effort."
Ron Erickson, Visualant CEO said, "We are thrilled to be able to bring all of these intellectual property and human assets together. Dr. Furness, Dr. Schowengerdt, and the wonderful research team at the RATLab have done brilliant work. With this acquisition, Visualant will build its own laboratory to continue the research and development of SPM technology."
About Visualant, Inc.
Visualant, Inc. (OTCBB: VSUL) develops low-cost, high speed, light-based security and quality control solutions for use in homeland security, anti-counterfeiting, forgery/fraud prevention, brand protection and process control applications. Our patent-pending technology uses controlled illumination with specific bands of light, to establish a unique spectral signature for both individual and classes of items. When matched against existing databases, these spectral signatures allow precise identification and authentication of any item or substance. This breakthrough optical sensing and data capture technology is called Spectral Pattern Matching ("SPM"). SPM technology can be miniaturized and is easily integrated into a variety of hand-held or fixed mount configurations, and can be combined in the same package as a bar-code or biometric scanner.
Through its wholly owned subsidiary, TransTech Systems, Inc., the Company provides security and authentication solutions to security and law enforcement markets throughout the United States.
Contact:
Visualant, Inc.:
Lynn Felsinger
206 903 1351
Lynn@visualant.net
Investor Relations
Paul DeRiso
Core Consulting Group
925-465-6088
paul@coreconsultingroup.com
The RATLab LLC is a Seattle based research and development laboratory created by Dr. Tom Furness, founder and Director of the HITLab International, with labs at Seattle, University of Canterbury in New Zealand, and the University of Tasmania in Australia. Guided by Dr. Tom Furness and Dr. Brian Schowengerdt, a research scientist in the field of optics and vision science, the RATLab LLC developed the Spectral Pattern Matching ("SPM") technology under contract for Visualant.
With this acquisition, Visualant consolidates all intellectual property relating to the SPM technology. In addition to its current authentication and security applications of SPM, Visualant now owns all other applications including the important fields of medicine, agriculture, and the environment and will begin the creation of its laboratory.
With the closing of this asset acquisition transaction, Dr. Tom Furness and Dr. Brian Schowengerdt will continue to provide technology leadership to Visualant under consulting agreements with the Company.
Dr. Furness stated, "We are very pleased to begin the process of moving all the Visualant intellectual property and scientific leadership to the Company. Coupled with the new innovations that will come out of Visualant Laboratory, we believe the applications of the SPM technology can grow rapidly, and we look forward to our active involvement in that effort."
Ron Erickson, Visualant CEO said, "We are thrilled to be able to bring all of these intellectual property and human assets together. Dr. Furness, Dr. Schowengerdt, and the wonderful research team at the RATLab have done brilliant work. With this acquisition, Visualant will build its own laboratory to continue the research and development of SPM technology."
About Visualant, Inc.
Visualant, Inc. (OTCBB: VSUL) develops low-cost, high speed, light-based security and quality control solutions for use in homeland security, anti-counterfeiting, forgery/fraud prevention, brand protection and process control applications. Our patent-pending technology uses controlled illumination with specific bands of light, to establish a unique spectral signature for both individual and classes of items. When matched against existing databases, these spectral signatures allow precise identification and authentication of any item or substance. This breakthrough optical sensing and data capture technology is called Spectral Pattern Matching ("SPM"). SPM technology can be miniaturized and is easily integrated into a variety of hand-held or fixed mount configurations, and can be combined in the same package as a bar-code or biometric scanner.
Through its wholly owned subsidiary, TransTech Systems, Inc., the Company provides security and authentication solutions to security and law enforcement markets throughout the United States.
Contact:
Visualant, Inc.:
Lynn Felsinger
206 903 1351
Lynn@visualant.net
Investor Relations
Paul DeRiso
Core Consulting Group
925-465-6088
paul@coreconsultingroup.com
Visualant, Inc. (OTCBB:VSUL) Featured showcase company on Investorideas.com and related security portals and blogs
Visit the showcase page: http://www.investorideas.com/CO/VSUL/
Disclosure and Disclaimer: Visualant, Inc. (OTCBB:VSUL) is a paid advertising featured showcase company on Investorideas.com and related security portals and blogs.
(1500 per month and $five thousand per month in restricted 144 shares)
More Info: Research more defense and security stocks with the defense stocks directory
Visit the showcase page: http://www.investorideas.com/CO/VSUL/
Disclosure and Disclaimer: Visualant, Inc. (OTCBB:VSUL) is a paid advertising featured showcase company on Investorideas.com and related security portals and blogs.
(1500 per month and $five thousand per month in restricted 144 shares)
More Info: Research more defense and security stocks with the defense stocks directory
Thursday, June 2, 2011
Security Industry News; Visualant (OTCBB:VSUL) Subsidiary, TransTech Systems, Unveils BadgePros, New Technical Support Resource for Its Distribution Channel
SEATTLE - June 2, 2011 (Investorideas.com Defense Newswire) - Visualant, Inc. (OTCBB: VSUL), a pioneer provider of industry-leading identification solutions, is pleased to announce today that its subsidiary, TransTech Systems, has launched a new online Support Center. The new technical support website, www.BadgePros.com, was developed by TransTech to provide immediate access to technical support information and expertise for its North American reseller network.
With BadgePros, TransTech aims to equip their resellers with the ability to provide valuable support to users in the field while attracting new customers to TransTech Systems� industry-leading identification solutions.
"With a virtual technical resource center providing advice on both common and difficult technical issues, we will be able to help our customers diagnose and repair problems they are experiencing any time of the day," said Bill Ceccoli, one of TransTech�s certified technicians. "We can share our expertise with our customers, giving them access to information we have gained over years of experience working with these printers. Using our BadgePros Support Center even a dealer working on his first printer can diagnose and repair a problem."
Through weekly updates, TransTech Systems will provide information on cleaning, adjusting, updating, and repairing all of the leading ID printer brands including Evolis, HID, Magicard, Datacard, and NiSCA. Readers can also submit questions to the BadgePros blog for address in future topics. For access to this resource, visit the Support Center on http://www.ttsys.com/.
About Visualant, Inc.
Visualant, Inc. (OTCBB: VSUL) develops low-cost, high speed, light-based security and quality control solutions for use in homeland security, anti-counterfeiting, forgery/fraud prevention, brand protection and process control applications. Our patent-pending technology uses controlled illumination with specific bands of light, to establish a unique spectral signature for both individual and classes of items. When matched against existing databases, these spectral signatures allow precise identification and authentication of any item or substance. This breakthrough optical sensing and data capture technology is called Spectral Pattern Matching ("SPM"). SPM technology can be miniaturized and is easily integrated into a variety of hand-held or fixed mount configurations, and can be combined in the same package as a bar-code or biometric scanner.
Through its wholly owned subsidiary, TransTech Systems, Inc., the Company provides security and authentication solutions to security and law enforcement markets throughout the United States.
Contact:
Visualant, Inc.:
Lynn Felsinger
206 903 1351
Lynn@visualant.net
Investor Relations
Paul DeRiso
Core Consulting Group
925-465-6088
paul@coreconsultingroup.com
Visualant, Inc. (OTCBB:VSUL) Featured showcase company on Investorideas.com and related security portals and blogs
Visit the showcase page: http://www.investorideas.com/CO/VSUL/
Disclosure and Disclaimer: Visualant, Inc. (OTCBB:VSUL) is a paid advertising featured showcase company on Investorideas.com and related security portals and blogs.
(1500 per month and $five thousand per month in restricted 144 shares)
With BadgePros, TransTech aims to equip their resellers with the ability to provide valuable support to users in the field while attracting new customers to TransTech Systems� industry-leading identification solutions.
"With a virtual technical resource center providing advice on both common and difficult technical issues, we will be able to help our customers diagnose and repair problems they are experiencing any time of the day," said Bill Ceccoli, one of TransTech�s certified technicians. "We can share our expertise with our customers, giving them access to information we have gained over years of experience working with these printers. Using our BadgePros Support Center even a dealer working on his first printer can diagnose and repair a problem."
Through weekly updates, TransTech Systems will provide information on cleaning, adjusting, updating, and repairing all of the leading ID printer brands including Evolis, HID, Magicard, Datacard, and NiSCA. Readers can also submit questions to the BadgePros blog for address in future topics. For access to this resource, visit the Support Center on http://www.ttsys.com/.
About Visualant, Inc.
Visualant, Inc. (OTCBB: VSUL) develops low-cost, high speed, light-based security and quality control solutions for use in homeland security, anti-counterfeiting, forgery/fraud prevention, brand protection and process control applications. Our patent-pending technology uses controlled illumination with specific bands of light, to establish a unique spectral signature for both individual and classes of items. When matched against existing databases, these spectral signatures allow precise identification and authentication of any item or substance. This breakthrough optical sensing and data capture technology is called Spectral Pattern Matching ("SPM"). SPM technology can be miniaturized and is easily integrated into a variety of hand-held or fixed mount configurations, and can be combined in the same package as a bar-code or biometric scanner.
Through its wholly owned subsidiary, TransTech Systems, Inc., the Company provides security and authentication solutions to security and law enforcement markets throughout the United States.
Contact:
Visualant, Inc.:
Lynn Felsinger
206 903 1351
Lynn@visualant.net
Investor Relations
Paul DeRiso
Core Consulting Group
925-465-6088
paul@coreconsultingroup.com
Visualant, Inc. (OTCBB:VSUL) Featured showcase company on Investorideas.com and related security portals and blogs
Visit the showcase page: http://www.investorideas.com/CO/VSUL/
Disclosure and Disclaimer: Visualant, Inc. (OTCBB:VSUL) is a paid advertising featured showcase company on Investorideas.com and related security portals and blogs.
(1500 per month and $five thousand per month in restricted 144 shares)
Wednesday, May 25, 2011
Security Industry News; Visualant (OTCBB:VSUL) Subsidiary TransTech Systems to Exhibit at the Northeast Security & Systems Contractors Exposition
SEATTLE - May 25, 2011 (Investorideas.com Defense Newswire) - Visualant, Inc. (OTCBB: VSUL), a pioneer provider of industry-leading color based identification and diagnostic solutions, an emerging leader in security and authentication systems technology and distributor of a wide variety of security solutions through its wholly-owned subsidiary, TransTech Systems, Inc., is pleased to announce that TransTech Systems will be exhibiting at the Northeast Security & Systems Contractors Exposition on May 26, 2011 at the Royal Plaza Trade Center in Marlborough, Massachusetts.
With over 30 years of success, the Northeast Security & Systems Contractors Exposition (NSSCE) is the largest security event in the northeast. NSSCE offers more than 100 exhibitors at the one day expo, ranging from manufacturers, distributors, dealers, owners, and installers. The NSSCE will also host free product labs and seminars throughout the day. The one day, Thursday May 26th, exposition runs from 10:00 am to 5:00 pm. Visit www.neacc.org for more information.
TransTech Systems (www.ttsys.com) will be exhibiting the latest in identification card printing and encoding systems and access control products from manufacturers such as Evolis and Farpointe Data. TransTech will be highlighting the new CoG-1000 (Cards on the Go) field programmer, which allows for 26 bit Wiegand HID, AWID, and Pyramid-compatible credentials to be programmed by the dealer in their own facility or in the field. See these and other popular security industry products on display in TransTech�s booth #906.
About Visualant, Inc.
Visualant, Inc. (OTCBB: VSUL) develops low-cost, high speed, light-based security and quality control solutions for use in homeland security, anti-counterfeiting, forgery/fraud prevention, brand protection and process control applications. Our patent-pending technology uses controlled illumination with specific bands of light, to establish a unique spectral signature for both individual and classes of items. When matched against existing databases, these spectral signatures allow precise identification and authentication of any item or substance. This breakthrough optical sensing and data capture technology is called Spectral Pattern Matching ("SPM"). SPM technology can be miniaturized and is easily integrated into a variety of hand-held or fixed mount configurations, and can be combined in the same package as a bar-code or biometric scanner.
Through its wholly owned subsidiary, TransTech Systems, Inc., the Company provides security and authentication solutions to security and law enforcement markets throughout the United States.
Contact:
Visualant, Inc.:
Lynn Felsinger
206 903 1351
Lynn@visualant.net
Investor Relations
Paul DeRiso
Core Consulting Group
925-465-6088
paul@coreconsultingroup.com
Visualant, Inc. (OTCBB:VSUL) Featured showcase company on Investorideas.com and related security portals and blogs
Visit the showcase page: http://www.investorideas.com/CO/VSUL/
Disclosure and Disclaimer: Visualant, Inc. (OTCBB:VSUL) is a paid advertising featured showcase company on Investorideas.com and related security portals and blogs.
(1500 per month and $five thousand per month in restricted 144 shares)
With over 30 years of success, the Northeast Security & Systems Contractors Exposition (NSSCE) is the largest security event in the northeast. NSSCE offers more than 100 exhibitors at the one day expo, ranging from manufacturers, distributors, dealers, owners, and installers. The NSSCE will also host free product labs and seminars throughout the day. The one day, Thursday May 26th, exposition runs from 10:00 am to 5:00 pm. Visit www.neacc.org for more information.
TransTech Systems (www.ttsys.com) will be exhibiting the latest in identification card printing and encoding systems and access control products from manufacturers such as Evolis and Farpointe Data. TransTech will be highlighting the new CoG-1000 (Cards on the Go) field programmer, which allows for 26 bit Wiegand HID, AWID, and Pyramid-compatible credentials to be programmed by the dealer in their own facility or in the field. See these and other popular security industry products on display in TransTech�s booth #906.
About Visualant, Inc.
Visualant, Inc. (OTCBB: VSUL) develops low-cost, high speed, light-based security and quality control solutions for use in homeland security, anti-counterfeiting, forgery/fraud prevention, brand protection and process control applications. Our patent-pending technology uses controlled illumination with specific bands of light, to establish a unique spectral signature for both individual and classes of items. When matched against existing databases, these spectral signatures allow precise identification and authentication of any item or substance. This breakthrough optical sensing and data capture technology is called Spectral Pattern Matching ("SPM"). SPM technology can be miniaturized and is easily integrated into a variety of hand-held or fixed mount configurations, and can be combined in the same package as a bar-code or biometric scanner.
Through its wholly owned subsidiary, TransTech Systems, Inc., the Company provides security and authentication solutions to security and law enforcement markets throughout the United States.
Contact:
Visualant, Inc.:
Lynn Felsinger
206 903 1351
Lynn@visualant.net
Investor Relations
Paul DeRiso
Core Consulting Group
925-465-6088
paul@coreconsultingroup.com
Visualant, Inc. (OTCBB:VSUL) Featured showcase company on Investorideas.com and related security portals and blogs
Visit the showcase page: http://www.investorideas.com/CO/VSUL/
Disclosure and Disclaimer: Visualant, Inc. (OTCBB:VSUL) is a paid advertising featured showcase company on Investorideas.com and related security portals and blogs.
(1500 per month and $five thousand per month in restricted 144 shares)
Tuesday, May 24, 2011
Security Industry News; Visualant (OTCBB:VSUL) Closes $1.0 Million Financing; Plans to Accelerate Its Growth Strategy
SEATTLE - May 24, 2011 (Investorideas.com Defense Newswire) - Visualant, Inc. (OTCBB: VSUL), a pioneer provider of industry-leading color-based identification and diagnostic solutions, an emerging leader in security and authentication systems technology and distributor of a wide variety of security solutions through its wholly owned subsidiary, TransTech Systems, Inc., announced today that it closed a $1.0 million financing.
The financing, led by Gemini Strategies LLC of San Diego, CA, and New York, and Ascendiant Capital Partners LLC of Irvine, CA, provides capital for Visualant to continue with the execution of its strategic plans, including the funding of its planned acquisitions and the market development of its Spectral Pattern Matching Technology.
The financing, in the form of a 10% convertible debenture, has a floor conversion price of $0.35 per share, subject to adjustment, and includes warrants for 2.4 million shares that are exercisable at a price of $0.50 per share for five years. The financing provides for an additional $1.0 million investment option within the one-year agreement at $1.00 per share and has a floor conversion price of $.70 per share, subject to adjustment.
"We are pleased to secure the support of Gemini Strategies and Ascendiant Capital Partners," said Ron Erickson, Visualant CEO. "Their investment provides the resources for Visualant to accelerate the execution of our growth plans."
About Visualant, Inc.
Visualant, Inc. (OTCBB: VSUL) develops low-cost, high speed, light-based security and quality control solutions for use in homeland security, anti-counterfeiting, forgery/fraud prevention, brand protection and process control applications. Our patent-pending technology uses controlled illumination with specific bands of light, to establish a unique spectral signature for both individual and classes of items. When matched against existing databases, these spectral signatures allow precise identification and authentication of any item or substance. This breakthrough optical sensing and data capture technology is called Spectral Pattern Matching ("SPM"). SPM technology can be miniaturized and is easily integrated into a variety of hand-held or fixed mount configurations, and can be combined in the same package as a bar-code or biometric scanner.
Through its wholly owned subsidiary, TransTech Systems, Inc., the Company provides security and authentication solutions to security and law enforcement markets throughout the United States.
Contact:
Visualant, Inc.:
Lynn Felsinger
206 903 1351
Lynn@visualant.net
Investor Relations
Paul DeRiso
Core Consulting Group
925-465-6088
paul@coreconsultingroup.com
Visualant, Inc. (OTCBB:VSUL) Featured showcase company on Investorideas.com and related security portals and blogs
Visit the showcase page: http://www.investorideas.com/CO/VSUL/
Disclosure and Disclaimer: Visualant, Inc. (OTCBB:VSUL) is a paid advertising featured showcase company on Investorideas.com and related security portals and blogs.
(1500 per month and $five thousand per month in restricted 144 shares)
The financing, led by Gemini Strategies LLC of San Diego, CA, and New York, and Ascendiant Capital Partners LLC of Irvine, CA, provides capital for Visualant to continue with the execution of its strategic plans, including the funding of its planned acquisitions and the market development of its Spectral Pattern Matching Technology.
The financing, in the form of a 10% convertible debenture, has a floor conversion price of $0.35 per share, subject to adjustment, and includes warrants for 2.4 million shares that are exercisable at a price of $0.50 per share for five years. The financing provides for an additional $1.0 million investment option within the one-year agreement at $1.00 per share and has a floor conversion price of $.70 per share, subject to adjustment.
"We are pleased to secure the support of Gemini Strategies and Ascendiant Capital Partners," said Ron Erickson, Visualant CEO. "Their investment provides the resources for Visualant to accelerate the execution of our growth plans."
About Visualant, Inc.
Visualant, Inc. (OTCBB: VSUL) develops low-cost, high speed, light-based security and quality control solutions for use in homeland security, anti-counterfeiting, forgery/fraud prevention, brand protection and process control applications. Our patent-pending technology uses controlled illumination with specific bands of light, to establish a unique spectral signature for both individual and classes of items. When matched against existing databases, these spectral signatures allow precise identification and authentication of any item or substance. This breakthrough optical sensing and data capture technology is called Spectral Pattern Matching ("SPM"). SPM technology can be miniaturized and is easily integrated into a variety of hand-held or fixed mount configurations, and can be combined in the same package as a bar-code or biometric scanner.
Through its wholly owned subsidiary, TransTech Systems, Inc., the Company provides security and authentication solutions to security and law enforcement markets throughout the United States.
Contact:
Visualant, Inc.:
Lynn Felsinger
206 903 1351
Lynn@visualant.net
Investor Relations
Paul DeRiso
Core Consulting Group
925-465-6088
paul@coreconsultingroup.com
Visualant, Inc. (OTCBB:VSUL) Featured showcase company on Investorideas.com and related security portals and blogs
Visit the showcase page: http://www.investorideas.com/CO/VSUL/
Disclosure and Disclaimer: Visualant, Inc. (OTCBB:VSUL) is a paid advertising featured showcase company on Investorideas.com and related security portals and blogs.
(1500 per month and $five thousand per month in restricted 144 shares)
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