Attached files
| file | filename |
|---|---|
| EX-3.(I) - AMENDED AND RESTATED ARTICLES OF INCORPORATION - iCoreConnect Inc. | vmci_ex3i.htm |
| EX-3.(II) - AMENDED AND RESTATED BY-LAWS - iCoreConnect Inc. | vmci_ex3ii.htm |
| 8-K - CURRENT REPORT - iCoreConnect Inc. | vmci_8k.htm |
Exhibit
99.1
iCoreConnect
Inc.
Media
Contact: Cile Spelce
512.784.5851
cspelce@iCoreConnect.com
iMEDICOR INC. ANNOUNCES CONSUMATION OF
RECAPITALIZATION
(WINDERMERE, FL., JUNE 30, 2017 / Newswire) – iMedicor, Inc.
(OTC:VMCI.OB), a Nevada corporation, formerly known as iMedicor,
Inc. and now known as iCoreConnect Inc. (OTC:ICCT)
(“iCoreConnect” or the "Company"), a
builder of cloud-based software for the healthcare and other
industries, announced the consummation of a recapitalization of the
Company (including the conversion of approximately $6,000,000 of
convertible debt and, all of its outstanding shares of Series A
Preferred Stock and Series B Preferred Stock into shares of its
Common Stock), the conversion of approximately $5,987,890 of Series
A Bridge Notes and $230,686 Series B Bridge Notes into shares of
its Common Stock and the change of its corporate name from iMedicor
Inc. to iCoreConnect Inc.
Stockholders
of the Company holding not less than two thirds of the outstanding
shares of each of the Series A Preferred Stock of the Company (the
“Series A Preferred Stock”) and the Series B Preferred
Stock of the Company and holders of Common Stock of the Company
(who, together with the holder of the Series A Preferred Stock and
the Series B Preferred Stock were entitled to vote upon matters
submitted to stockholders for a vote in the same manner and with
the same effect as the holders of Common Stock, voting together on
an as converted basis and, therefore, represented a majority of the
voting power of the Company), as well as the holders of convertible
debt of the Company who held as of June 30, 2017 approximately
$6,388,000 of indebtedness (principal and accrued and unpaid
interest thereon) of the Company convertible into shares of Common
Stock of the Company (the “Convertible Debt”), approved
the Recapitalization, $5,987,890 aggregate principal amount of
Series A Bridge Notes were converted into shares of Common Stock of
the Company pursuant to Conversion Agreements entered into by the
holders of such Series A Bridge Notes and $230,686 aggregate
principal amount of Series B Bridge Notes were converted into
shares of Common Stock in accordance with the terms of the Series B
Bridge Notes. The change of the corporate name of the Company from
iMedicor Inc. to iCoreConnect Inc. was approved by a majority of
the voting power of the Company.
“The
recapitalization of iCoreConnect and the conversion of the Series A
Bridge Notes and the Series B Bridge Notes will simplify and
strengthen the capitalization of the company,” said President
and Chief Executive Officer Robert McDermott. “Under the
recapitalization, we are in a better position to raise additional
capital to support and expand the company’s operations. This
enables iCoreConnect to add value to the company and its Common
Stock”.
About iCoreConnect
iCoreConnect
creates cloud-based software that allows anyone to share
information at the highest security levels in the country, backed
by highly-engaged customer support. The company provides
secure communications for high-compliance industries including
healthcare, finance and legal. iCoreConnect’s software allows
organizations and individuals to freely and easily exchange
information with 2048-bit encryption, and in full compliance of
current federal laws.
Forward Looking Statements
In this news release, the use of the words "believe," "could,"
"expect," "may," "positioned," "project,"
"projected," "should," "will," "would" or similar expressions is
intended to identify forward-looking
statements that represent the Company's current judgment about
possible future
events. The Company believes these judgments are reasonable, but
these statements are not
guarantees of any events or financial results, and actual results
may differ materially due to a variety
of important factors.
SOURCE iCoreConnect Inc.
iCoreConnect,
Inc.
Media
Contact: Cile Spelce
512.784.5851
cspelce@iCoreConnect.com
iMedicor Inc. becomes iCoreConnect Inc.
(WINDERMERE, FL, JUNE
30, 2017 / Newswire) – iMedicor Inc. announces its new name
iCoreConnect Inc. (OTC: ICCT). The name change coincides with
the recapitalization of the company and reflects
iCoreConnect’s scope beyond the medical sector.
iCoreConnect
is a national provider of secure communications for multiple
high-compliance industries. Its 2048-bit encrypted software allows
customers to easily exchange information in full compliance with
current federal laws.
“The
name change and rebrand to iCoreConnect are exciting,” said
President and CEO Robert McDermott. “iCoreConnect products
are now being used by thousands of professionals. As the products
evolve, so must every facet of the company.”
The
entire iCoreConnect product line was built on feedback from
professionals in high-compliance industries across the country.
“The prospective customers asked for cloud-based technology,
at the highest levels of security, with actual customer service.
That’s iCoreConnect,” said McDermott.
iCoreExchange,
iCoreLegal and iCoreSecure provide professionals a secure email
exchange with no file size limitations and 2048-bit encrypted data
protection. iCoreExchange is targeted at the dental and medical
markets, meeting all of the federal government’s HIPAA
compliance technical safeguards. iCoreLegal provides legal
professionals hyper-secure communications and email time-tracking.
iCoreSecure offers professionals in other fields, such as finance
and real estate, the same level of secure data sharing and ease of
use.
iCoreDental
and iCoreMD are cloud-based practice management systems (also known
as Electronic Health Records). These products streamline business
management across multiple locations, exceed electronic Protected
Health Information (ePHI) security requirements, and create
efficient workflows for healthcare professionals.
The
company prides itself on customer service. All iCoreConnect
customers may access live phone support, based in the United
States. iCoreConnect also weighs customer feedback heavily into its
development decisions.
About iCoreConnect
iCoreConnect
creates software that allows anyone to share information at the
highest security levels in the country, backed by highly-engaged
customer support. The company provides secure communications
for high-compliance industries including healthcare, finance and
legal. iCoreConnect’s software allows organizations and
individuals to freely and easily exchange information with 2048-bit
encryption, and in full compliance of current federal
laws.
Forward Looking Statements
In this news release, the use of the words "believe," "could,"
"expect," "may," "positioned," "project,"
"projected," "should," "will," "would" or similar expressions is
intended to identify forward-looking
statements that represent the Company's current judgment about
possible future
events. The Company believes these judgments are reasonable, but
these statements are not
guarantees of any events or financial results, and actual results
may differ materially due to a variety
of important factors.
SOURCE iCoreConnect Inc.