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Technology Stocks : Visual Data (VDAT) -- Ignore unavailable to you. Want to Upgrade?

To: nord who wrote (106)	2/24/1999 6:44:00 AM
From: nord	Read Replies (1) \| Respond to of 405

I have been told by someone close to the copmpany thqat 4 separate co's are looking to take an equity stake in VDAT. The names have been floated on Yahoo thread. The front burner negotiations could be completed within days to a few weeks. Good luck to us all, things are getting ready to move. I would expect some more news content related prior to any deals. In February 1999 the Company completed a private placement of its common stockto institutional investors. Net proceeds of approximately $2,600,000 wasreceived in exchange for 333,334 shares. These investors were granted piggybackregistration rights. In connection with the offering, the placement agentreceived 8,334 one year warrants with an exercise price of $14.063. Pursuant tothe terms contained in an investment banking agreement executed in November1998, they also received a total of 105,000 five year warrants exercisable at prices ranging from $2.00 to $3.00. -------------------------------- edgar-online.com COMPANY: BUYERS: VISUAL DATA CORPORATION CRANSHIRE CAPITAL, L.P. By: Downsview Capital, Incorporated, the General Partner By:-------------------------- Name:------------------------ By: /s/ Mitchell Kopin Title:----------------------- --------------------------- Name: Mitchell Kopin Title: President GILFORD PARTNERS, L.P. By: ------------------------------- the General Partner By: /s/ H. Robert Holmes --------------------------- Name: H. Robert Holmes Title: 21 SCHEDULE 1: LIST OF INVESTORS Number of Investor Address Common Investor's Legal Representatives' Investor's Name and Facsimile Number Shares Address and Facsimile Number --------------------------------- -------------------------------------- ------------- ------------------------------------ Cranshire Capital, L.P. 770 Frontage Rd., Ste. 134 83,334 Katten Muchin & Zavis Northfield, IL 60093 525 W. Monroe Street Attn: Mitchell Kopin Chicago, Illinois 60661-3693 (p) 847/784-1544 Attention: Anthony J. Ribaudo, Esq. (f) 847/784-1546 (p) 312/ 902-5521 (f) 312/ 577-8763 Gilford Partners, L.P. 2022 N. Mohawk 27,778 Cherry & Flynn Chicago, IL 60614 30 N. LaSalle, Ste. 2300 Attn: Robert Holmes Chicago, IL 60602 (p) 312/786-2071 Attn: Mike Cherry (f) 312/664-3581 (p) 312/372-2100 (f) 312/853-0279 EXHIBITS Exhibit A Form of Registration Rights Agreement Exhibit B Form of Transfer Agent Instructions Exhibit C Form of Company Counsel Opinion 23 REGISTRATION RIGHTS AGREEMENT This REGISTRATION RIGHTS AGREEMENT (this "Agreement"), dated as ofFebruary 9, 1999, is entered into by and among Visual Data Corporation, aFlorida corporation, with headquarters located at 1291 S.W. 29th Avenue, PompanoBeach, Florida 33069 (the "Company"), and the undersigned buyers (each, a"Buyer" and collectively, the "Buyers").