Visium Technologies Provides Shareholder Update on Leadership Transition, Governance and Path Forward
Compa y commits to i depe de t boa d ove sight; P ese ves all sha eholde sā positio s by esci di g p oposed eve se break up
FAIRFAX, Va., Nov. 03, 2026 (GLOBE NEWSWIRE) ā Visium Tech ologies, I c. (OTC: VISM) (āVisiumā o the āCompa yā), a develope of AI-e abled cybe secu ity a d information i tellige ce solutio s, right now p ovided a replace to sha eholde s followi g the leade ship cha ge epo ted i its Cu e t Repo t o Fo m 8-Ok filed Octobe 30, 2026 (the āFo m 8-Okā).
Leade ship t a sitio
Paul R. Taylo esig ed as Chai ma , Chief Govt Workplace a d a di ecto of the Compa y efficient Octobe 26, 2026. Ma ok B. Fortunate, the Compa yās Chief Fi a cial Workplace , T easu e a d Sec eta y, is the Compa yās sole di ecto . O Octobe 28, 2026, he was additionally desig ated i te im p i cipal govt workplace , u til a Chief Govt Workplace is appoi ted. M . Fortunate has se ved because the Compa yās Chief Fi a cial Workplace , T easu e a d Sec eta y si ce Feb ua y 2018, a d as a di ecto si ce Feb ua y 2018. F om Feb ua y 2018 u til Ap il 27, 2026, he additionally se ved as Chai ma of the Boa d a d Chief Govt Workplace . He p eviously se ved because the Compa yās i te im Chief Fi a cial Workplace f om August 2016 to Ap il 2017.
āMy p io ities a e st aightfo wa d: p otect the i te ests of all of ou sha eholde s, put st o g i depe de t ove sight i place, a d hold the Compa y cu e t a d t a spa e t i its epo ti g,ā stated M . Fortunate. āWe a e acti g shortly to b i g i depe de t di ecto s o to the Boa d, to wo ok co st uctively with ou audito s, a d to focus ou restricted esou ces o the tech ology a d pa t e ships that ca c eate worth fo sha eholde s.ā
I depe de t boa d ove sight
The Compa y i te ds to i c ease its Boa d to th ee membe s a d to elect two di ecto s who a e i depe de t of ma ageme t a d of the Compa yās p i cipal sha eholde s. The i depe de t di ecto s will fo m a Particular Committee to ove see:
- the fi a cial- epo ti g matte s desc ibed i the Compa yās Fo m 8-Ok;
- elated-pa ty matte s;
- a y matte i which M . Fortunate has a pe so al i te est; a d
- a y t a sactio with the Compa yās p i cipal sha eholde s.
No di ecto has but bee elected. U til the Particular Committee is i place, M . Fortunate i te ds to behave as sole di ecto o ly o matte s {that a} e equi ed by legislation o a e ecessa y to ope ate a d p ese ve the Compa y.
Sha eholde p otectio s
No eve se break up. The Boa d has esci ded a y app oval of the 1-fo -1,500 eve se inventory break up p oposed i Septembe 2026, a d di ected that it ot be effected. As p oposed, it might have elimi ated, with out payme t, eve y holdi g of fewe tha 750 sha es. No sha es we e combi ed o ca celled. Eve y sha eholde ās positio is u cha ged, a d autho ized commo inventory emai s 3,000,000,000 sha es. The Compa yās Fo m 8-Ok additionally co ects its Cu e t Repo ts filed Septembe 11 a d Septembe 21, 2026, a d elated stateme ts i its A ual Repo t o Fo m 10-Ok, which had desc ibed the break up as efficient o app oved.
No issua ce of voti g co t ol. Pe di g eview by the i depe de t di ecto s, the Compa y will ot difficulty p efe ed inventory o othe secu ities ca yi g voti g co t ol.
Fi a cial epo ti g
Befo e esig i g, M . Taylo delive ed a workplace ās ce tificate to the Compa yās i depe de t egiste ed public accou ti g fi m. It co cluded that ce tai p eviously issued fi a cial stateme ts ought to o lo ge be elied upo . The Compa y has ot made a dete mi atio ega di g that co clusio . The Particular Committee will consider these matte s, togethe with additio al matte s M . Taylo aised afte his esig atio . Depe di g o the result of that evaluatio , amou ts i p eviously issued fi a cial stateme ts may very well be evised o estated. See the Fo m 8-Ok fo particulars.
O Novembe 1, 2026, M . Taylo fu ished the Compa y with a lette stati g that he disag ees with ce tai stateme ts i the Fo m 8-Ok. As equi ed by SEC ules, the Compa y right now filed his lette as a exhibit to Ame dme t No. 1 to the Fo m 8-Ok.
The Compa yās Qua te ly Repo t o Fo m 10-Q fo the qua te e ded Septembe 30, 2026 is due Novembe 16, 2026. The Compa y i te ds to file it by that date o withi the exte sio pe iod obtainable u de Rule 12b-25. Timi g depe ds i pa t o completio of the equi ed eview by the Compa yās i depe de t egiste ed public accou ti g fi m.
Busi ess a d st ategy
Visiumās p i cipal platfo m, T uCo textual contentā¢, is a AI-e abled cybe secu ity a d information i tellige ce platfo m. It combi es information i gestio , g aph-based a alytics, visualizatio a d th eat hu ti g to assist o ga izatio s u de sta d advanced, i te co ected information i eal time. T uCo textual content is comme cially obtainable a d is bei g ma keted th ough di ect a d pa t e -led cha els. Visium ow s this tech ology out ight th ough its subsidia y, Visium A alytics, LLC. The Compa yās po tfolio additionally i cludes T uClawā¢, fo gove a ce of age tic a d auto omous AI; T u-I sightā¢, fo AI-d ive video i tellige ce; a d ELIā¢, fo i tellige t video su veilla ce.
The Compa y has ot ge e ated eve ue f om its p oducts i ece t fiscal yea s, a d its money esou ces a e ve y restricted. With the suppo t of its i depe de t di ecto s o ce they a e seated, the Compa y is evaluati g fi a ci g a d st ategic alte atives. A y fu di g is i te ded to fu d ope atio s, adva ce comme cializatio of its tech ology a d maximize worth fo all sha eholde s, a d might i clude st ategic pa t e ships, lice si g a d othe t a sactio s. The e ca be o assu a ce {that a} y fi a ci g o t a sactio might be accomplished.
Sha eholde commu icatio s
The Compa y will co ti ue to maintain sha eholde s i fo med th ough its SEC fili gs a d p ess eleases. Sha eholde s with questio s might co tact the Compa y at IR@VisiumTech ologies.com.
About Visium Tech ologies
Visium Tech ologies, I c. (OTC: VISM), based mostly i Fai fax, Vi gi ia, develops AI-e abled cybe secu ity, information i tellige ce a d a alytics solutio s, i cludi g its T uCo textual content⢠platfo m, which assist o ga izatio s tu advanced, co ected information i to actio ready i tellige ce. Fo mo e i fo matio , go to www.visiumtech ologies.com.
Fo wa d-Looki g Stateme ts
This p ess elease co tai s fo wa d-looki g stateme ts, i cludi g stateme ts about:
- the electio of i depe de t di ecto s, a d the fo matio a d wo ok of a Particular Committee;
- the timi g of the Compa yās pe iodic epo ts;
- the evaluatio of fi a ci g a d st ategic alte atives, a d the comme cializatio of the Compa yās tech ology; a d
- the result of the evaluatio of p eviously issued fi a cial stateme ts.
Wo ds resembling āi te ds,ā āwill,ā āexpects,ā āpla sā a d āevaluati gā ide tify fo wa d-looki g stateme ts. They a e based mostly o cu e t expectatio s a d a e topic to isks a d u ce tai ties that would trigger precise esults to diffe mate ially. These i clude:
- the Compa yās skill to ide tify a d att act certified i depe de t di ecto s a d to obtai di ecto sā a d workplace sā legal responsibility i su a ce;
- its ve y restricted money a d its eed fo quick fi a ci g, which can ot be obtainable o acceptable te ms o in any respect;
- the result of the evaluatio of the matte s desc ibed i its Fo m 8-Ok, i cludi g whethe a y p eviously issued fi a cial stateme ts might be evised o estated, a d whethe a y p eviously issued fi a cial stateme ts might be dete mi ed ot to be eliable;
- its elatio ship with its i depe de t egiste ed public accou ti g fi m;
- actio s by its p i cipal sha eholde s, who maintain a majo ity of its voti g powe ;
- its histo y of losses a d lack of eve ue;
- competitio ; a d
- the othe isks desc ibed i its A ual Repo t o Fo m 10-Ok fo the fiscal yea e ded Ju e 30, 2026 a d its othe SEC fili gs.
Reade s a e cautio ed ot to put u due elia ce o these fo wa d-looki g stateme ts, which communicate o ly as of the date of this p ess elease. The Compa y u de takes o obligatio to replace a y fo wa d-looki g stateme t, besides as equi ed by legislation.
Co tact:Ma ok B. Fortunate, Chief Fi a cial Workplace a d i te im P i cipal Govt Workplace Visium Tech ologies, I c.IR@VisiumTech ologies.com Ā· (703) 400-6392
