Vision Global Consummates Reverse Merger of Vesmark, Inc.; Developers of Smartware Financial Planning System Join Forces with Company's Activity-Based Management Solutions.MONTREAL -- Vision Global Solutions (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:VIGS VIGS Video Image Guide Scope VIGS Videodisc Gunnery Simulator VIGS Verworwe Immungebreksindroom ), a leading developer of Activity Based Management Solutions, today announced that Vision Global Solutions (the "Company" or "Vision Global")) has completed an acquisition through a reverse merger of Vesmark, including its main asset, the Smartware Financial Planning System Software that helps the user evaluate alternatives. It allows for the creation of a data model, which is a series of data elements in equation form; for example, gross profit = gross sales - cost of goods sold. , into Vision Global. In conjunction with Carnegie Mellon University's School of Computer Science, Vesmark developed Smartware, a proprietary system that manages personal finances by calculating and tracking goals, savings and investments, and household budgets through forecasting/simulation that "does the thinking" for the end-user. The Vesmark Smartware assists clients of financial planners to understand and control the rigorous flow of disciplines involved in financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against which include mathematics, investments, taxation, economics, finance, insurance and law. "The synergies that exist between Vesmark and Vision Global are enormous," stated Jean-Paul Ouellette, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Vision Global. "Our Activity-Based Management Activity-based management (ABM) is a method of identifying and evaluating activities that a business performs using activity-based costing to carry out a value chain analysis or a re-engineering initiative to improve strategic and operational decisions in an organization. Solutions and costing models meet the requirements of any service enterprise that is project, activity or event-driven. As our base of Apogee applications reach a burgeoning audience, we believe that Smartware will be a valuable adjunct product that possesses the potential to become the new and lasting benchmark for personal financial management." About Vision Global Vision Global is marketing, under the name Apogee, an integrated accounting and management software that allows companies to apply an activity-based management solution, a common sense systematic method of planning, controlling and improving labor and overhead expenses, to their businesses-management models. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Forward-Looking Statements Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The above information does not guarantee any successful closing of new business. No assurances can be given that any projections related, directly or indirectly, to gross revenues or profit margins will be realized. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks. |
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