Validian Provides Financial Highlights for Fiscal 2016

Shares issued and outstanding have increased mainly due to conversions of some unsecured convertible debt, but the fully diluted number of shares issued and issuable has not, even though Validian raised additional financing during 2016. Validian was able to raise $1.225 million of the financing for Series A Preferred Shares with a conversion feature at $0.10 per share and no interest coupon and no warrants, Validian also was able to eliminate all of its Secured 10% Convertible Notes which were convertible at $0.03 per share by exchanging approximately $930,000 of these, plus approximately $75,000 of  unsecured Convertible Notes which also were convertible at $0.03 per share for Series A Preferred Shares, thereby reducing the fully diluted number of shares issued and issuable by more than 24 million shares. The balance of the Secured 10% Convertible Notes were exchanged for Series B Preferred Shares with a conversion feature at $0.03 per share and no interest coupon and no warrants. Validian also completed a series of exchanges of a total of more than $3 million of unsecured 10% Convertible Notes convertible at $0.03 per share for Series C Preferred Shares with a conversion feature at $0.03 per share and no interest coupon and no warrants. This reduced the fully diluted number of shares issued and issuable by more than an additional 12 million shares. This also eliminated more than $800,000 of ongoing annual interest costs thereby reducing the fully diluted number of shares issued and issuable going forward by more than 26 million annually.

"The year 2016 was significant for Validian on a number of fronts. We have completed the extension of Validian's core technology, ValidianProtect, to encompass and protect the application and the complete life cycle of data, comprising the transfer, storage and now usage of digital information all within ValidianProtect's virtual closed system. While the number of shares issued has increased during 2016, Validian's fully diluted number of shares issued and issuable has not, as the financing for development during 2016 has been virtually non-dilutive. Validian also cleaned up its balance sheet significantly. And most importantly, Validian is now generating licenses, cash flow and revenue," commented Bruce Benn, Validian's CEO. "This clearly positions Validian for significant growth during 2017."

About Validian Corporation 

Validian Corporation (OTCQB: VLDI) is a leading innovator in cyber-security technology. Validian's first-to-market cyber-security technology, ValidianProtect, is a rapidly integrated middleware that creates a virtual closed system, which encompasses and seamlessly protects applications and the complete life cycle of data with secure access, retrieval, transfer, receipt, storage and all forms of usage, including creation, opening and reading, editing and manipulation of digital information within that virtual closed system on all devices, operating systems and technology platforms, so that the data cannot be improperly accessed or stolen regardless of any type of cyber attack or vulnerability or if the host device or network has been hacked or improperly accessed, infected with viruses or malware, or otherwise compromised.

Validian technology enables the next generation of secure mobile messaging and communications, cloud computing, cloud storage, distributed computing and web application, web portal access, browsers and usage, software-defined networking, the Internet of Things and SCADA, for computers, servers, data bases, intelligent sensors, tablets and smartphones.

The Company provides solutions that can be customized to the client's business process to ensure end-to-end authenticity, integrity and custody of high value digital assets. Validian is a U.S. public company with offices in the U.S. and Canada.

Visit http://www.Validian.com for more information on its digital asset solutions.

Discuss Validian events here: http://investorshangout.com/Validian-Corporation-VLDI-68278/

Safe Harbor Statement 

Investors should carefully consider the information contained in this news release before making an investment in the shares of the company. Information contained in this news release contains "forward looking statements", which can be identified by the use of forward-looking terminology such as "believes," expects," "may," "should," or "anticipates" or negative thereof or given that the future results covered by such forward -looking statements will be achieved. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements. 

Company:
Bruce Benn
CEO and President
bbenn@validian.com
+1-613-224-3535

Investor Relations:
Howard Gostfrand
info@amcapventures.com
+1-305-918-7000          

SOURCE Validian Corporation