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New Listing Bulletin

For Immediate Release

99/43


CONTACT:

September 30, 1999

WADE J. MURRAY
information@vse.ca
(604) 643-6592
Velocity Computer Solutions Inc. Lists on the VSE

 

Listed:

September 30, 1999
Symbol: VCS.U
Classification: Venture
Business: Provides personal computer support services and information technology solutions.
Incorporated: December 16, 1997, under the laws of Bermuda
Agent: Canaccord Capital Corporation
Agent’s Warrants: 500,000 non-transferable share purchase warrants. One warrant to purchase one share at US$0.70 per share up until one year from the date the shares commence trading on the Exchange.
Greenshoe Option: The Agent has over-allotted the Offering to the extent of 375,000 shares. The Company has granted a Greenshoe Option entitling the Agent to purchase a total of 375,000 shares at a price of US$0.70 up to 60 calender days from the Offering day.
Transfer Agent: Pacific Corporate Trust Company
Initial Distribution: US$2,012,500 (2,875,000 shares at US$0.70 per share)
Capitalization: 50,000,000 common shares with no par value
Issued: 17,511,824 common shares are issued and outstanding
Escrow: ----
Contact: James Paul Peters, President
Address: Jardine House, 4th Floor, 33 Reid Street
Hamilton HM 12, Bermuda

#302 - 3602 Gilmore Way
Burnaby, BC V5G 4W9

Phone: (604) 320-6566
For further information, please refer to the Company's  Prospectus dated September 15, 1999.

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