Validian : Comments on Recent Market Activity

OTTAWA, Ontario, September 21, 2015 /PRNewswire/ --

Validian Corporation, (OTCQB VLDI), a leading innovator in cyber-security technology, today provided comments on recent market activity.

It came to the Company's attention on September 17, 2015 that, on or about September 16, 2015, a number of newsletter emails were issued that could be interpreted as promoting the buying of the Company's stock and a number of newsletter emails were issued and posts made that could be interpreted as promoting shorting the Company's stock.

The Company states definitively that the Company, its officers, directors, and, to the Company's knowledge, any controlling shareholders (i.e., shareholders owning 10% or more of the Company's securities) have not, directly or indirectly, been involved in any way (including payment to a third-party) with the creation or distribution of the above mentioned promotional materials; and that the Company, its officers, directors and, to the knowledge of the Company, any controlling shareholders have not sold or purchased the Company's securities within the past several years.

The Company has no knowledge of the effects of the above mentioned promotional materials but notes that there seems to have been higher than normal trading volume during the period from September 16 through September 18.

The Company further notes that, as disclosed in the Company's annual and quarterly reports filed with the Securities and Exchange Commission, the Company has obtained most of its financings over the past several years in the form of debt convertible into restricted securities at a price  of $0.03 per share, which may have been either above, at or below the prevailing share price at the time of issuance. The Company also has obtained some financings from the sale of restricted shares or equity of the Company at the prevailing share price at the time of issuance. The Company is not aware of any of its convertible debt holders or equity holders having any involvement, directly or indirectly, in the above mentioned promotional materials. About Validian Corporation  

Validian Corporation (OTCQB VLDI) is a leading innovator in cyber security technology that provides secure access, retrieval, transfer, receipt and storage of digital information on mobile and non-mobile devices, servers, data bases and memory both at rest and in transit using wired, wireless and mobile networks.  Validian technology enables the next generation of secure Mobile Messaging and Communications, Cloud Computing, Cloud Storage, Distributed Computing and Web Application and WebPortal Access and Usage for desktop & laptop computers, servers, tablets and SmartPhones.

The Company provides solutions that can be customized to the client's business process to ensure end-to-end authenticity, integrity and custody of high value digital assets.   Validian is a U.S. public company with offices in the U.S. and Canada. Visit http://www.Validian.com for more information on its digital asset solutions.

Safe Harbor Statement 

Investors should carefully consider the information contained in this news release before making an investment in the shares of the company. Information contained in this news release contains "forward looking statements", which can be identified by the use of forward-looking terminology such as "believes," expects," "may," "should," or "anticipates" or negative thereof or given that the future results covered by such forward -looking statements will be achieved. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements. 

        
         
        Company: 
        Bruce Benn, CEO and President 
        [e-mail] 
        [phone] 
        EmptyBreak:MARKER 
        Investor Relations: 
        Howard Gostfrand 
        [e-mail] 
        [phone]  

 

SOURCE Validian Corp.