EX-99
10
vedo8k20080806-ex99_9.htm
EXHIBIT 99.9 PRESS RELEASE DATED AUGUST 5 2008
Press Release
Exhibit 99.9
FOR
IMMEDIATE RELEASE
:
VILLAGE EDOCS COMPLETES
ACQUISITION OF QUESTYS SOLUTIONS
SANTA ANA, CA., AUGUST,
5, 2008-VillageEDOCS, Inc. (OTCBB:VEDO)
, a Solution as a Service (SaaS) company, announced
today that it has successfully closed the acquisition of Decision Management
Company, Inc., DBA
Questys Solutions
, a privately held document/content
management and automated data capture software developer based in Mission
Viejo, CA. The acquisition, effective August 1, 2008, provides a critical
document management component to the VillageEDOCS suite of outsourced business
solutions.
VillageEDOCS purchased
Questys for 22 million shares of its restricted common stock and $1.2 million
in cash, with $300,000 paid at closing and the balance to be paid in annual
installments of $300,000 each over three years. In the twelve month period
ended December 31, 2007, Questys Solutions generated positive cash flow on
revenue of $3.14 million.
"Questys Solutions brings
capabilities that our clients have been requesting. Its offerings provide the
glue that binds our suite of offerings together, enabling us to rapidly bring
new and innovative solutions to the market, and its off shore development
capability provides a great economic advantage as well", stated Mason Conner,
President and Chief Executive Officer of VillageEDOCS. "Adding Questsy
Solutions' state-of-the-art Business Process Workflow capability to our suite
of offerings will allow us to expand into our current clients and accelerate our
sales to new clients. Combined, we will have more than 1,400 clients", Mr.
Conner added.
Andre Pavlovic, President
and Chief Executive Officer of Questys Solutions, stated, "All of us at Questys
Solutions are excited to become a part of the VillageEDOCS family. The
Questys/VillageEDOCS integrated lineup of offerings will provide our existing
and prospective customers with end-to-end content capture, management, routing,
and delivery solutions. Together, we will provide increased value to our
customers by maintaining our focus on product innovation and superior customer
service."
Mr. Pavlovic will join
VillageEDOCS as Senior Vice President of Product Planning. Presently, Mr.
Pavlovic maintains operational responsibilities at Questys, and will work at
the business operational level with each of the Company's component companies to
rapidly bring the Questys offerings to VillageEDOCS' combined client bases and
bring innovative offerings to the market.
Each one of VillageEDOCS
product lines will benefit from the addition of Questys Solutions offerings.
GoSolutions' Unified Communication clients will benefit from the ability to
manage documents and business processes with Questys Solutions' Content
Management and Business Process Management offerings. Questys Solutions
enhances the ability of MessageVision's clients to search, control, retrieve,
and deliver documents and to help clients meet corporate accountability and
regulatory compliance requirements. The Questys suite of products extends to clients
of Tailored Business Systems the ability to manage the voluminous amount of
paper and processes common to government entities through solutions, including secure
electronic Content/Document Management, Archival and Storage, Business Process
Workflow and Automated Legislative Agenda Management. Questys Solutions clients
will benefit with the addition of unified communication services from
GoSolutions, fax and document distribution services from MessageVision, and
municipal government management applications and printing services from Tailored
Business Systems.
About Questys Solutions
Questys Solutions provides
an array of award-winning content management, knowledge management, document
management, records management, document imaging, electronic workflow and
electronic agenda management solutions to meet the varying needs and budgets of
today's small businesses and mid-size enterprises. Questys Solutions product
suites are ideally suited for mainstream and vertical markets including corporate,
government, healthcare, financial services, education, legal, law enforcement,
manufacturing and retail.
Founded in 1980, Questys
Solutions is a technology-driven company providing advanced electronic
document/content management and automated data capture solutions to a variety
of markets in the U.S. and abroad. A pioneer in the ECM industry, Questys
Solutions was among the first to bring document imaging to a PC. At the heart
of the Questys Solutions' family of products are Questys Enterprise Document Management
and Questys Pro Document Management, both complete document imaging and content
management systems scalable from stand-alone and departmental systems to
enterprise-wide solutions.
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 non-profit 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. Through
its
Questys Solutions
subsidiary, VillageEDOCS provides advanced
electronic document/content management and automated data capture solutions to
a variety of markets in the U.S. and abroad. 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 acquisitions 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, including the
acquisition of Questys Solutions, 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.
###

EX - 99 10 vedo8k20080806 - ex99 _ 9 . htm EXHIBIT 99 . 9 PRESS RELEASE DATED AUGUST 5 2008 Press Release Exhibit 99 . 9 FOR IMMEDIATE RELEASE : VILLAGE EDOCS COMPLETES ACQUISITION OF QUESTYS SOLUTIONS SANTA ANA , CA . , AUGUST , 5 , 2008 - VillageEDOCS , Inc . ( OTCBB : VEDO ) , a Solution as a Service ( SaaS ) company , announced today that it has successfully closed the acquisition of Decision Management Company , Inc . , DBA Questys Solutions , a privately held document / content management and automated data capture software developer based in Mission Viejo , CA . The acquisition , effective August 1 , 2008 , provides a critical document management component to the VillageEDOCS suite of outsourced business solutions . VillageEDOCS purchased Questys for 22 million shares of its restricted common stock and $ 1.2 million in cash , with $ 300,000 paid at closing and the balance to be paid in annual installments of $ 300,000 each over three years . In the twelve month period ended December 31 , 2007 , Questys Solutions generated positive cash flow on revenue of $ 3.14 million . " Questys Solutions brings capabilities that our clients have been requesting . Its offerings provide the glue that binds our suite of offerings together , enabling us to rapidly bring new and innovative solutions to the market , and its off shore development capability provides a great economic advantage as well " , stated Mason Conner , President and Chief Executive Officer of VillageEDOCS . " Adding Questsy Solutions ' state - of - the - art Business Process Workflow capability to our suite of offerings will allow us to expand into our current clients and accelerate our sales to new clients . Combined , we will have more than 1,400 clients " , Mr . Conner added . Andre Pavlovic , President and Chief Executive Officer of Questys Solutions , stated , " All of us at Questys Solutions are excited to become a part of the VillageEDOCS family . The Questys / VillageEDOCS integrated lineup of offerings will provide our existing and prospective customers with end - to - end content capture , management , routing , and delivery solutions . Together , we will provide increased value to our customers by maintaining our focus on product innovation and superior customer service . " Mr . Pavlovic will join VillageEDOCS as Senior Vice President of Product Planning . Presently , Mr . Pavlovic maintains operational responsibilities at Questys , and will work at the business operational level with each of the Company 's component companies to rapidly bring the Questys offerings to VillageEDOCS ' combined client bases and bring innovative offerings to the market . Each one of VillageEDOCS product lines will benefit from the addition of Questys Solutions offerings . GoSolutions ' Unified Communication clients will benefit from the ability to manage documents and business processes with Questys Solutions ' Content Management and Business Process Management offerings . Questys Solutions enhances the ability of MessageVision 's clients to search , control , retrieve , and deliver documents and to help clients meet corporate accountability and regulatory compliance requirements . The Questys suite of products extends to clients of Tailored Business Systems the ability to manage the voluminous amount of paper and processes common to government entities through solutions , including secure electronic Content / Document Management , Archival and Storage , Business Process Workflow and Automated Legislative Agenda Management . Questys Solutions clients will benefit with the addition of unified communication services from GoSolutions , fax and document distribution services from MessageVision , and municipal government management applications and printing services from Tailored Business Systems . About Questys Solutions Questys Solutions provides an array of award - winning content management , knowledge management , document management , records management , document imaging , electronic workflow and electronic agenda management solutions to meet the varying needs and budgets of today ' s small businesses and mid - size enterprises . Questys Solutions product suites are ideally suited for mainstream and vertical markets including corporate , government , healthcare , financial services , education , legal , law enforcement , manufacturing and retail . Founded in 1980 , Questys Solutions is a technology - driven company providing advanced electronic document / content management and automated data capture solutions to a variety of markets in the U . S . and abroad . A pioneer in the ECM industry , Questys Solutions was among the first to bring document imaging to a PC . At the heart of the Questys Solutions ' family of products are Questys Enterprise Document Management and Questys Pro Document Management , both complete document imaging and content management systems scalable from stand - alone and departmental systems to enterprise - wide solutions . 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 non - profit 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 . Through its Questys Solutions subsidiary , VillageEDOCS provides advanced electronic document / content management and automated data capture solutions to a variety of markets in the U . S . and abroad . 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 acquisitions 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 , including the acquisition of Questys Solutions , 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 . # # #