Press Releases

Visual Mining Announces Exercise of Common Stock Warrants

ROCKVILLE, Md.--Visual Mining, Inc. announces the exercise of all of its 1,000,000 outstanding common stock warrants held by its investors, Atlas Venture and Sigma Partners, at the end of January 2008.  The proceeds from the exercise will be used for general corporate operational purposes, including expanding product and services offerings and increasing staff.

The warrants were issued in connection with the Company’s convertible promissory notes issued in January 1999, and had an expiration date of January 29, 2008.  The promissory notes were fully paid off and retired as of December 31, 2007, at which point the Company was completely debt free.

“The exercise of the warrants along with the Company’s common stock repurchase from its original employee founders has made the Company’s capital structure much cleaner; all of our dilutive derivatives have been converted or have otherwise expired at this point,” said Tristan Ziegler, Chief Executive Officer of Visual Mining. “We are pleased with this exercise by our investors as it signifies a vote of confidence in the Company’s products, management and corporate direction.”

About Visual Mining, Inc.

Visual Mining develops innovative graphical reporting, visual analytics, and performance dashboards for Business Performance Management. Visual Mining produced NetCharts® as the industry’s first commercial Java-based charting engine. Thousands of customers worldwide, from Fortune 100 companies to start-ups, from financial services to healthcare utilize Visual Mining’s award-winning solutions to transform their data into actionable information. Information about the company's products and services is available at www.visualmining.com.

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Media Contact:
Laura Sankowich
Sr. Marketing Manager
Visual Mining, Inc.
301.795.2217
lsankowich@visualmining.com