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Veridigm (VRGD) Updates Shareholders
Date:2/14/2008

PACIFIC PALISADES, Calif., Feb. 14 /PRNewswire-FirstCall/ -- Veridigm, Inc. (OTC Bulletin Board: VRGD). In an Emergency Meeting held pursuant to the Company's Bylaws on Sunday, February 10th 2008, the Majority Shareholders (the "Majority") and the incumbent Corporate Secretary voted unanimously and passed a Resolution to terminate and permanently remove officer / director Alise Mills from all executive and non-executive positions, including any 'self-styled' consulting roles representing Veridigm or any of its subsidiaries.

The Majority also unanimously voted and passed a Resolution confirming and ratifying the departures of Jeffery Eng and Kim Lem from any further executive involvement with the Company.

The Company hereby invalidates and nullifies a Marketwire press release VRGD- 2/12/2008 as its content is misleading and inconsistent with the facts. The incident has been reported to the appropriate authorities.

The Majority group was led by Vancouver investor and entrepreneur AJ Jamani and other Holders in due course of both preferred and common shares controlling Veridigm Inc.

The Majority unanimously voted turnaround specialist Gary P. Freeman to serve as President and Chief Financial Officer. Rowland J. Mosser continues as Corporate Secretary. No other officers or directors were appointed or ratified at this time. AJ Jamani serves as interim non-executive chairman.

"Perfect Timing!" stated Mr. Freeman. "The ominously quiet and for the most part illiquid US OTC permits careful cherry picking from the intrinsically undervalued OTC & NASDAQ gems. The revised 144 rules are also perfect timing, enabling equity acquisition currencies and capital formation in a wider variety of flexible terms than ever previously designed. Veridigm's future will be driven by an aggressive group of acquisition minded executives, whose mission after auditing and filing YE-2006 10K and refilling the appropriate previous Edgar filings, will be to
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SOURCE Veridigm, Inc.
Copyright©2008 PR Newswire.
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