ACCESSWIRE
14 Sep 2023, 23:19 GMT+10
FAIRFAX, VA / ACCESSWIRE / September 14, 2023 / Visium Technologies, Inc. ('Visium' or the 'Company') (OTC PINK:VISM), a leading global cybersecurity, data analytics, and advisory enterprise, announced today that the Company has repaid and satisfied in full $44,250 that had been owed to a noteholder pursuant to a variable rate convertible note. The note was initially issued in March 2023, and was retired with an advance to the Company from its board of directors.
Mark Lucky, the Chief Executive Officer of Visium, expressed, 'The decision to retire the convertible note, which had the potential to dilute our equity, was made by the board of directors based on non-public information. We intend to settle the board's advance with cash generated from the forthcoming contract revenues.'
Mr. Lucky continued, 'Our primary focus at this juncture is to solidify and expand our service offerings as we prepare to close new contracts in the coming weeks. We remain committed to closely collaborating with our partners to ensure the delivery of world class solutions in West Africa and the Caribbean'
About Visium Technologies, Inc.
Visium Technologies (OTC PINK:VISM) is a cyber security solutions provider that uses graph database technology to deliver an analytics-driven, risk-based approach to cybersecurity that provides context to data so that users can make intelligent decisions in real time. Built for US Army Cyber Command by MITRE Corporation (CyGraph), and then further developed by Visium, our world class TruContextTM technology provides visualization, advanced cyber monitoring intelligence, data modeling, analytics, and automation to help reduce risk, simplify cyber security, and deliver better security outcomes. TruContextTM plugs the gaps left by other security tools.
For more information please visit www.visiumtechnologies.com and our YouTube Channel.
Safe Harbor Statement: Under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements that reflect management's current views with respect to future events and performance. These forward-looking statements are based on management's beliefs and assumptions and information currently available. The words 'believe,' 'expect,' 'anticipate,' 'intend,' 'estimate,' 'project' and similar expressions that do not relate solely to historical matters identify forward-looking statements. Investors should be cautious in relying on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed in any such forward-looking statements. These factors include, but are not limited to, whether the reverse stock split will be beneficial to the Company and its shareholders, any inability to meet the NYSE American continued listing standards in the future for any reason, and those other factors described in our filings with the U.S. Securities and Exchange Commission. Any responsibility to update forward-looking statements is expressly disclaimed.
CONTACT:
Visium Technologies, Inc.
Corporate: Mark Lucky, Chief Executive Officer
mlucky@visiumtechnologies.com
Follow us on Twitter and Instagram
Corporate Office:
4094 Majestic Lane Suite 360
Fairfax, VA 22033
Phone: 703-273-0383
SOURCE: Visium Technologies, Inc.
Get a daily dose of Chicago Chronicle news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Chicago Chronicle.
More InformationKAOHSIUNG, Taiwan: In a significant milestone for its defense capabilities, Taiwan has unveiled its first domestically developed submarine. Although it ...
HONIARA, Solomon Islands: Prime Minister Manasseh Sogavare revealed that he opted out of a Pacific Islands leaders' summit at the ...
SACRAMENTO, California: Intending to raise some US$160 million per year to help prevent gun violence, California Governor Gavin Newsom signed ...
MANILA, The Philippines: The Philippines remains steadfast in its resolve not to yield to Chinese efforts to obstruct its fishermen ...
VICTORIA, Texas: This week, U.S. District Judge Drew Tipton in Victoria, Texas, ruled that President Joe Biden did not have ...
WASHINGTON D.C.: The National Transportation Safety Board (NTSB) said it is investigating a JetBlue flight on Monday that experienced sudden ...
DEARBORN, Michigan: Due to concerns about its ability to operate competitively while it is locked in broader union contract negotiations, ...
MADISON, Wisconsin: Last week, five flamingos were seen along a Lake Michigan beach in Wisconsin, attracting a large crowd of ...
(Photo credit: Michael McLoone-USA TODAY Sports) Yan Gomes hit a first-inning grand slam and had five RBIs as the visiting ...
(Photo credit: Kamil Krzaczynski-USA TODAY Sports) Michael Wacha pitched seven scoreless innings in his final start of the season, and ...
(Photo credit: Mark Smith-USA TODAY Sports) The Chicago Fire boosted their chances of securing a playoff spot on Saturday night, ...
(Photo credit: Stephen R. Sylvanie-USA TODAY Sports) The Las Vegas Raiders have three quarterbacks on their roster, and the most ...