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FAIRFAX, VA / ACCESSWIRE / February 1, 2021 / Visium Technologies, Inc. ("Visium" or the "Company") (OTC PINK:VISM), announced today that it has won a dismissal of the involuntary bankruptcy petition that was filed against the Company in the Southern District Court of Florida on December 30, 2020, which had been brought by three parties, (i) Tarpon Bay Partners LLC, (ii) J.P. Carey Enterprises Inc., and (iii) Anvil Financial Mgmt LLC (collectively the "Petitioning Creditors"). [SL1]
The Court ruled in Visium's favor, dismissing the involuntary bankruptcy petition and allowing Visium to file a motion with the Court seeking compensatory and punitive damages. In addition, Visium plans to file an affidavit of fees and costs incurred in connection with Visium's defense of the Involuntary Petition.[SL2]
Mark Lucky, Visium's Chief Executive Officer, commented, "We could not have asked for a better outcome to this litigation. The court unequivocally ruled in our favor. We plan to seek substantial compensatory and punitive damages and expect further clarity regarding the extent of such damages in the coming weeks."
About Visium Technologies, Inc.
Visium Technologies, Inc. (OTC PINK:VISM) is a Florida corporation based in Fairfax, Virginia, focused on global cybersecurity clarity, machine learning, and advancing technology and automation services to support enterprises in protecting their most valuable assets - their data, business applications, and IoT on their networks and in the cloud.
For more information please visit www.visiumtechnologies.com
Safe Harbor Statement: Under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements that reflect management's current views with respect to future events and performance. These forward-looking statements are based on management's beliefs and assumptions and information currently available. The words "believe," "expect," "anticipate," "intend," "estimate," "project" and similar expressions that do not relate solely to historical matters identify forward-looking statements. Investors should be cautious in relying on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed in any such forward-looking statements. These factors include, but are not limited to, whether the reverse stock split will be beneficial to the Company and its shareholders, any inability to meet the NYSE American continued listing standards in the future for any reason, and those other factors described in our filings with the U.S. Securities and Exchange Commission. Any responsibility to update forward-looking statements is expressly disclaimed.
Visium Technologies, Inc.
Corporate: Mark Lucky, Chief Executive Officer
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SOURCE: Visium Technologies, Inc.
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