Veridigm (VRGD) Updates Shareholders(complete certain immediate acquisitions ...),Health

Date:2/14/2008

complete certain immediate acquisitions and consolidation of those businesses. I look forward to updating shareholders on our progress. I appreciate the continued support of our shareholders, and look forward to a successful Company turnaround in 2008."
The Company reports its equity structure as follows:

-- Equity authorized 510,000,000. (*reserved 250,000,000)

-- 10,000,000 of 510,000,000 is authorized and reserved as preferred

shares.

-- There are 2,142,000 preferred shares issued and outstanding.

-- Each preferred share votes one hundred common shares. The preferred

shares are convertible after the appropriate restriction period has

elapsed at a ratio of ten to one.

-- The Company uses the fully diluted equity for all voting calculations.

-- The Company maintains a ledger *reserve account of 250,000,000 reserved

shares within the authorized to maintain integrity of the fully diluted

voting capacity.

-- There are 558,382 shares of Veridigm Inc., common stock issued and

outstanding. 467,244 are common restricted shares issued and held only

in ledger form for the benefit of officers and directors.

Mr. Mosser welcomed the opportunity of working with Mr. Freeman and AJ Jamani. Mr. Mosser stated; "I am looking forward to rolling up my sleeves with Gary and AJ over the next few years. This is a dynamic team. Immediately, I will be working diligently to move the Company through the YE 2006 - 10K SEC filings ensuring that the Company becomes fully compliant and transparent for our present shareholders and future investors.

Forward-Looking Statement: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statem
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SOURCE Veridigm, Inc. Copyright©2008 PR Newswire. All rights reserved

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