News Story
FOR IMMEDIATE RELEASE
VillageEDOCS Terminates Acquisiton Agreement With Questys Solutions
SANTA ANA, CA, Jan. 30, 2008—VillageEDOCS, Inc. (OTCBB:VEDO),
announced
today that after
completing extensive due diligence, it has elected to terminate its previously
announced plans to acquire
Decision Management Company, Inc. DBA Questys Solutions, a privately held document/content
management and automated data capture software developer based in Mission
Viejo, CA.
VillageEDOCS and Questys Solutions are presently in discussions regarding a technology
partner
agreement and the continued integration of the products and services of each
company.
About VillageEDOCS, Inc.
VillageEDOCS, Inc., through its MessageVision subsidiary, is a leading provider
of comprehensive
business-to-business information delivery and document management services and
products for
organizations with mission-critical needs, including major corporations, government
agencies and nonprofit
organizations. Through its Tailored Business Systems subsidiary, VillageEDOCS
provides
accounting and billing solutions for county and local governments. Through its
GoSolutions subsidiary,
VillageEDOCS provides enhanced voice and data delivery services. For further
information, visit our
website at www.villageedocs.com.
Cautionary Statement Regarding Forward-Looking Information
All statements in this press release that do not directly and exclusively
relate to historical facts constitute
forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995.
Statements made in this press release, including, without limitation, those
relating to our belief about
benefits the Company has derived, or may derive, from pursuing its acquisition
strategy or from new
management personnel or consultants, and our expectations regarding future
operating results, including
such for the remainder of 2008, are forward-looking statements. These statements,
and other forward
looking statements in this press release, represent the Company’s plans,
intentions, expectations and
belief and are subject to certain risks and uncertainties that could cause
actual results to differ materially
from those projected or expressed herein. These include, without limitation,
risks associated with
acquisitions, such as the inability to complete the acquisition and to assimilate
and integrate new
operations and retain key personnel, uncertainties in the market, competition,
legal, regulatory initiatives,
success of marketing efforts, availability, terms and deployment of capital,
personnel risks, and other risks
detailed in the Company’s SEC reports, of which many are beyond the control
of the Company. Trading
in the Company’s common stock is limited, and marketability of the stock
is restricted by penny stock
regulations and the fact that our common stock is traded on the OTCBB. The Company
does not presently
qualify, and may never qualify, to be listed or quoted on any exchange or other
market. The Company
assumes no obligation to update or alter the information in this press release.
Investors are cautioned not to put undue reliance on any forward-looking statements.
For these statements, we claim the protection of
the safe harbor for forward-looking statements contained in Section 21E of the
Exchange Act.
| Contact
Information: |
Mason Conner
President & Chief Executive Officer
VillageEDOCS, Inc. |
| Phone: |
714.368.8711 |
| or |
|
Ron Stabiner
Vice President
The Wall Street Group, Inc. |
| Phone: |
212.888.4848 |
###