Message #32 From:
NewsBot Date: October 4, 2006 06:00:00 AM
VSNI News Viseon Engages Investment Banking Firm
DALLAS--(BUSINESS WIRE)--Viseon, Inc. (OTCBB:VSNI), creator of the VisiFone™,
the world’s first voice, video and interactive
content IP telephone, announced today that it has engaged the investment
banking firm of Bowen Advisors, Inc. to advise the Company with regard
to its various strategic alternatives, including the potential sale of
parts or all of the Company to maximize shareholder value.
"We believe that we have the best technology and product in this
developing market. Through this process we hope to highlight the value
of our extensive intellectual property and unique, proprietary products,”
said John Harris, Chairman of the Board and Chief Executive Officer.
About Bowen Advisors
Bowen Advisors is a strategic advisory firm focused exclusively on the
communications technology market. We work with both public and private
companies and our transaction sizes have ranged from $5 million to as
large as $320 million. Bowen Advisors combines deep domain expertise
gained from “line”
experience in senior management positions at communications
infrastructure companies blended with extensive transaction experience.
Bowen Advisors’ combination of singular focus
and field proven expertise in finance and direct operations sets us
apart. Our clients find our approach unique and critically valuable as
they explore ways to maximize their growth potential and create value
for their shareholders. Bowen Advisors was incorporated in 2002 and has
its principal offices in Boston and San Francisco. For more information
visit: www.bowenadvisors.com.
About Viseon, Inc.
Founded in 1993 with headquarters in Dallas, Viseon, Inc. (OTCBB:VSNI)
is a leading developer and manufacturer of patented personal broadband
communications solutions. Viseon products have been sold under various
brand names around the world including Philips, VTEL, and Gentner. Viseon’s
mission is to work with carriers to enhance the consumer telephone
experience by positioning VoIP as a premium service versus Plain Old
Telephone Service (POTS), and ultimately replacing the analog telephone
by bringing digital telephony quality to the broader public. The target
markets for Viseon’s VisiFone are the 150
million global consumers which are projected to switch to VoIP in the
next five years. Other markets for the VisiFone include corporations,
universities, and government agencies. Viseon holds broadband
communication related patents in the U.S. and 18 European and Asian
countries and has additional patents pending. For more information on
the company, please visit the company’s
website, http://www.viseon.com.
"Safe Harbor" Statement Under the Private Securities Litigation Reform
Act of 1995:
Statements in this news release regarding Viseon’s
business that are not historical facts are forward-looking statements
made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. All such forward-looking statements
involve risks and uncertainties that could cause actual results to
differ from those contained in the forward-looking statements,
including, adverse business or market conditions, the ability to secure
and satisfy customers, the availability and cost of materials from
suppliers, adverse competitive developments, change in or cancellation
of customer requirements, and other risks described in Viseon’s
Annual Report on Form 10-KSB for the most recently ended fiscal year.
VisiFone(TM) is a trademark of Viseon Inc. All
other company and product names may be trademarks of the respective
companies with which they are associated.
