NEWS!!!!
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Visual Data Corp. Receives $2.5 Million in Private Placement
PR Newswire - February 11, 1999 13:56
POMPANO BEACH, Fla., Feb. 11 /PRNewswire/ -- Visual Data Corp. (Nasdaq: VDAT) announced today that it has received $2.5 million in net proceeds from the sale of common stock to institutional investors in a private placement. The transaction was managed by the Company's investment banker, Coleman & Co.
President and Chief Executive Officer Randy Selman stated, "This
financing is the first step in a series of activities that the Company
believes will provide the financial, strategic and global resources
necessary to position Visual Data Corporation as a premier provider of
audio and video based multi- media production, hosting, serving and
distribution for the Internet and eventually Interactive TV."
Visual Data Corporation, founded in 1993, specializes in the production, marketing and distribution of full-motion visual information via the Internet and various media, including interactive television. The Company also develops full-motion video libraries containing concise vignettes on a wide range of topics from business information, travel and education to health, fitness, medicine and consumer products.
This press release contains forward-looking statements which involve
numerous risks and uncertainties. Actual results, performance or
achievements could differ materially from those anticipated in such
forward-looking statements as a result of certain factors, including
those set forth in the Company's fillings with the Securities and
Exchange Commission.
SOURCE Visual Data Corp.
/CONTACT: Randy Selman of Visual Data Corporation, 954-917-6655; or Todd
Fromer of Stern & Co., 212-888-0044/
/Web site: vdat.com
---------------then there was this nice little new business agreement
Visual Data Reaches Agreements with the Nation's Largest Physician and
Consumer Health Care Web Sites
PR Newswire - February 11, 1999 10:40
Company to Provide Multi-Media Content to Physicians Online and
Intelihealth via its Newly Formed MedicalView Subsidiary
POMPANO BEACH, Fla., Feb. 11 /PRNewswire/ -- Visual Data Corp. (Nasdaq:
VDAT), a leading producer and distributor of video and audio programming for the Internet, today announced its newly formed subsidiary MedicalView Corp. has reached distribution agreements for its video programming. The agreements are with Physicians Online, (
po.com), the world's largest physician-exclusive website, and Intelihealth (http://www.intelihealth.com), the nation's largest
consumer health Internet site, a joint venture of Aetna US Healthcare
and Johns Hopkins University and Health System. As a result of these
agreements, MedicalView Corp. will create and distributeInternet-based video programs for physicians, health careprofessionals and consumers.
The Video News Wire for this press release can be seen at:
(http://www.videonewswire.com/play?video=1999021101)
"Internet-based medical programming for the health care community
further strengthens our position as a leading developer of content that
meets the needs of businesses and organizations engaged in a variety of
endeavors as well as a broad base of consumers and end users," said
Randy S. Selman, president of Visual Data. "Programming developed
through MedicalView represents a new way to deliver professional medical
education, as well as an important new avenue for pharmaceutical, health
care and medical companies to communicate their message, build public
awareness, improve brand identity and enhance their direct-to-consumer
marketing campaigns."
Physicians Online (POL) is the world's largest Internet community of
doctors, and the only on-line service dedicated exclusively to the
physician community. POL provides a secure, physicians-only environment
featuring access to medical databases, clinical symposia and discussion
groups with peers and national experts, CME credits, daily medical news
and recruiting services. POL is used by approximately 15,000 individual
doctors each day, and has a current membership in excess of 170,000
doctors.
Intelihealth, a joint venture of Aetna US Healthcare and Johns Hopkins
University and Health System, is recognized as the nation's largest
consumer health Internet site with a million unique users per month. The
site provides consumers with a host of comprehensive and timely health
information from leading industry sources.
"Utilizing Visual Data's wide range of resources, MedicalView has the
unique ability to rapidly deliver important health and medical
information in video format via the Internet to physicians, health
professionals, and consumers," said Glen Udine, the newly appointed vice
president of MedicalView. "Now, health professionals and consumers will
have direct access to important conferences, seminars and lectures that
were previously available only to attendees."
Visual Data Corporation, founded in 1993, specializes in the production,
marketing, and distribution of full-motion visual information via the
Internet and various media, including interactive television. The
Company also develops full-motion video libraries containing concise
vignettes on a wide range of topics from business information, travel
and education to consumer products.
This press release contains forward-looking statements which involve
numerous risks and uncertainties. Actual results, performance or
achievements could differ materially from those anticipated in such
forward-looking statements as a result of certain factors, including
those set forth in the Company's filings with the Securities and
Exchange Commission.
SOURCE Visual Data Corporation
/CONTACT: Randy S. Selman of Visual Data Corporation, 954-917-6655; or
Todd Fromer of Stern & Co., 212-888-0044, for Visual Data Corporation/
(VDAT)
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