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delSECUR CORPORATION Completes Private Placement
Jan 02, 2013 (02:01 PM EST)


SOUTH BURLINGTON, Vt., Jan. 2, 2013 /PRNewswire/ -- delSECUR CORPORATION  is pleased to announce the completion of its non-brokered private placement agreement. The Corporation will issue 1,200,000 Class A common shares from its Treasury at a price of $0.25 per share, raising gross proceeds of $300,000.

There are no warrants or options attached to the transaction.

delSECUR intends to use the proceeds to complete the second development phase of its authentication prototype unit, owned by its Canadian subsidiary QTech Systems Inc., and prepare it for market presentation to various applications including smartphones.  In addition the funds will partially be used for working capital and general corporate purposes.

The Corporation's goal is to be the provider of leading edge verification and authentication software used in verifying the identity of an individual where high security is required.

delSECUR CORPORATION, a non-reporting public company (DLSC-OTC) with its head office in S. Burlington, VT,  has been involved in the development of a unique authentication process based on abstract images of biological data for the purpose of verifying a person's identity.  For further information visit the delSECUR website at www.delsecurcorp.com

This Press Release may contain forward-looking statements.  These forward looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and other similar statements. Statements that are not historical facts, including statements relating to anticipated future earnings, margins, and other operating results, future growth, construction plans and anticipated capacities, production schedules and entry into expanded markets are forward-looking statements and are subject to the risks normally associated with the completion of a corporate transaction. The information set forth herein should be read in light of such risks. We assume no obligation to update the information contained in this press release, except as required under applicable law.

SOURCE delSECUR CORPORATION