LAS VEGAS, Jan. 14, 2015 /PRNewswire/ -- Virtual Communications Corporation, a provider of SaaS technology for commercial real estate owners and leaseholders, today announced that it doubled its customer base during 2014. Because of the validation inherent in this growth, the company also announced the intention to expand aggressively on a global scale. Accordingly, it has opened a significant equity private placement offering to accredited investors and brokers. The offering can be viewed in full at http://virtualcommunicationscorp.com.
VCC is the owner and developer of ALICE ("A Live Interactive Customer Experience"), a virtual receptionist platform that helps companies and government entities control their offices by managing the areas where visitors are most likely to need assistance. ALICE's features have already been deployed as a real estate front office management system, to support the healthcare industry, and in locations such as retail businesses, government agencies, corporate campuses and amusement parks.
Ron Robinson, CEO of VCC, said: "Interactive technology that can help guests the moment they enter a building or an office is beneficial for both businesses and customers. We forecast strong demand for this type of solution in a market that is hungry for automation, so we've built a product that increases efficiency without sacrificing the personal touch of human contact. ALICE is designed to extend human interaction, not to eliminate it."
Early-stage investors, who poured $300 million into real estate technology during the third quarter of 2014 alone, can now add to their portfolio another investment that is positioned for growth. Additionally, VCC operates in an industry that, according to recent data, has grown from $704 million in 2006 to $13.9 billion in 2013 as companies increasingly bring their offices into the digital age.
The company is offering 5,000,000 shares of Series A Convertible Preferred Stock for $10 per share, with the intention of raising between $5 million and $50 million in capital.
"We structured this deal as something we ourselves would buy," said Robinson.
Holders of Series A Convertible Preferred Stock will be entitled to receive non-cumulative dividends at the rate per share of seven percent of the Series A Convertible Preferred Stock liquidation preference, when declared by the Board. The shares are convertible into Common Stock after the first anniversary of their issuance.
Registered brokers or dealers who are members of FINRA and who enter into a Participating Dealer Agreement with VCC may sell shares at a commission of up to ten percent.
About the Company
Virtual Communications Corporation is a privately held technology company that develops technology solutions that enable businesses to improve their customer interaction experience. Delivering products based on its patented ALICE technology, the company's line of products and services provide on-demand, live agent interaction via two-way, one-way, and audio-only communications. For further information, please visit www.alicereceptionist.com.
This release, like many written and oral communications presented by Virtual Communications Corporation and our authorized officers, may contain certain forward-looking statements regarding our prospective performance and strategies within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including this statement for purposes of said safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of the Company, are generally identified by use of words "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "seek," "strive," "try," or future or conditional verbs such as "could," "may," "should," "will," "would," or similar expressions. Our ability to predict results or the actual effects of our plans or strategies is inherently uncertain. Accordingly, actual results may differ materially from anticipated results. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Except as required by applicable law or regulation, Virtual Communications Corporation undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.
SOURCE Virtual Communications Corporation