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VIQ Solutions Retains Bristol Capital to Enhance Public Company Presence Within the Investment Community(March 06, 2012)
MARKHAM, ONTARIO -- (Marketwire) -- 03/06/12 -- VIQ Solutions Inc. (TSX VENTURE:VQS) (the "Company" or "VIQ Solutions") announced today that the Company has taken steps to enhance its corporate image and public company brand within the investment community.
To assist VIQ Solutions achieve greater visibility with investors, the Company has retained Toronto-based Bristol Capital Ltd. Providing comprehensive investor relations and strategic financial communication services, Bristol specializes in assisting micro-cap and small-cap public companies expand their corporate awareness amongst professional investors throughout Canada, the United States and Europe.
"We believe the time has come for VIQ to become more proactive in communicating the emergence of our Company as a leader in the digital audio and video capture and management market to investors," stated David Outhwaite, President and CEO of VIQ Solutions. "Our improved financial performance, our market leading technology solutions and our expanding base of reference customers combined with Bristol's ability to relay this information to professional investors from both the buy and sell-side community should lead to an increase in investor awareness for our Company and enhance our ability to build long-term value for our shareholders."
Under the terms of the agreement with Bristol, VIQ Solutions will pay a monthly retainer fee of $10,000 for select investor relations and strategic communications services. The initial contract term is twelve months and commences immediately.
Neither Bristol Capital nor any of its principals have an ownership interest, directly or indirectly, in VIQ Solutions or its securities, and VIQ Solutions has not granted Bristol Capital or its principals any right to acquire any such interests.
The investor relations agreement remains subject to the approval of the TSX Venture Exchange.
About VIQ Solutions Inc.
VIQ Solutions is a global leader in computer-based digital audio and video capture and management. We develop software solutions that capture, digitize, and compress audio and video data, which is securely stored in a multi-tiered server system where it is easily searchable and shareable. Our innovative media processor technology allows users to remotely control audio-video capture in multiple locations from a single satellite location, allowing large scale and complex installations to be managed efficiently by fewer resources. VIQ Solutions' technologies are installed in courts, legislative assemblies, law enforcement and hearing rooms around the world.
This press release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this press release, the words "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "will," and "would" and similar expressions are intended to identify forward-looking statements. Such statements reflect VIQ Solutions' current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made including failure to receive the requisite regulatory approvals for the investor relations agreement as well as those factors detailed from time to time in other filings made by VIQ Solutions with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. VIQ Solutions does not intend and does not assume any obligation to update these forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
VIQ Solutions Inc.
President & CEO
(905) 948-8266 ext. 250
VIQ Solutions Inc.
Chief Financial Officer
(905) 948-8266 ext. 240
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