Steel Vault Corporation (fka SVUL)

[momentum74]

Yep I got some for a trade. Go chip/SVUL

[MACH1]

Flying here on CHIP news!!

[di4]

Steel Vault Completes $500,000 Convertible Debt Financing With Support From Company's Management Team
New Capital Expected to Support Aggressive Marketing Campaign and Accelerate Path to Profitability
Jun 5, 2009 9:11:00 AM
Copyright Business Wire 2009


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View Additional ProfilesDELRAY BEACH, Fla.--(BUSINESS WIRE)-- Steel Vault Corporation (OTCBB: SVUL) ("Steel Vault" or the "Company"), a leading provider of identity security technology, products and services, announced today that it has issued a $500,000 convertible promissory note (the "Note") and a common stock purchase warrant to purchase up to 333,334 shares of Steel Vault's common stock at $0.30 per share to VeriChip Corporation ("Lender"). The two-year Note is callable on or after June 4, 2010, at the Lender's election and accrues interest at a rate of 12% per year, payable on the first anniversary of the Note and quarterly thereafter. Steel Vault's Chief Executive Officer, William J. Caragol provided the Lender a personal guarantee of the debt, for which he received consideration. Steel Vault intends to use the funds to expand its customer marketing activities, which have resulted in the Company acquiring in excess of 11,000 monthly subscribers in less than four months.

Mr. Caragol said, "We believe this financing will accelerate our marketing programs and should allow us to generate positive cash flow based on our current growth path. Given current market conditions, we are pleased that we have completed our capitalization requirements, allowing us to continue to focus on providing our subscribers with world-class service and security products."

About Steel Vault Corporation

Steel Vault, formerly known as IFTH Acquisition Corp., is a premier provider of identity security products and services, including credit monitoring, credit reports, and other identity theft protection services. Since 2004, its subsidiary, National Credit Report.com, has specialized in providing a variety of credit information to consumers to help protect them from identity theft and fraud.

Statements about Steel Vault's future expectations, including that the capital will be used to grow the Company's subscriber base and working capital needs, that the investment will fund the Company's business plan and will enable the Company to reach a cash-flow positive position, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and Steel Vault's actual results could differ materially from expected results. Additional information about these and other factors that could affect the Company's business is set forth in the Company's various filings with the Securities and Exchange Commission, including those set forth in the Company's 10-K filed on December 24, 2008, under the caption "Risk Factors." The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.




Source: Steel Vault Corporation


----------------------------------------------
Steel Vault
Allison Tomek
561-805-8000
[e-mail]
or
CEOcast
Dan Schustack
212-732-4300
[e-mail]

[di4]

Steel Vault Surpasses 10,000 Subscribers in May
Company's Active Subscriber Base at NationalCreditReport.com Grows to 10,205, Increasing by 36% Month-over-Month
Jun 2, 2009 8:30:00 AM
Copyright Business Wire 2009


Email Story Discuss on ZenoBank

View Additional ProfilesDELRAY BEACH, Fla.--(BUSINESS WIRE)-- Steel Vault Corporation (OTCBB:SVUL) ("Steel Vault" or the "Company"), a premier provider of identity security products and services, announced today that its NationalCreditReport.com subsidiary grew its subscriber base from 7,520 active subscribers at the end of April 2009, to 10,205 active subscribers at the end of May 2009, a month-over-month increase of 36% percent. After an initial trial period, subscribers pay a monthly fee for receiving credit monitoring, credit reports and other identity theft protection services.

William J. Caragol, Steel Vault's Chief Executive Officer, said, "In a relatively short period of time, we have surpassed 10,000 subscribers, thereby achieving another significant milestone in our growth. We will continue to carefully scrutinize our customer acquisition strategies to cost-effectively gain new customers and maintain this steady expansion of our member base."

NationalCreditReport.com specializes in providing consumers with accurate, complete and easy-to-understand credit reporting and monitoring services.

About Steel Vault Corporation

Steel Vault, formerly known as IFTH Acquisition Corp., is a premier provider of identity security products and services, including credit monitoring, credit reports, and other identity theft protection services. Since 2004, its subsidiary, National Credit Report.com, has specialized in providing a variety of credit information to consumers to help protect them from identity theft and fraud.

Statements about Steel Vault's future expectations and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and Steel Vault's actual results could differ materially from expected results. Additional information about these and other factors that could affect the Company's business is set forth in the Company's various filings with the Securities and Exchange Commission, including those set forth in the Company's 10-K filed on December 24, 2008, under the caption "Risk Factors." The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.





Source: Steel Vault Corporation


----------------------------------------------
Steel Vault Corporation
Allison Tomek
561-805-8000
[e-mail]
or
CEOcast
Dan Schustack
212-732-4300
[e-mail]

[di4]

Steel Vault Launches Online Marketing Campaign with Akamai Technologies
Akamai's acerno online advertising cooperative to provide greater return on investment and improved ad campaign performance for NationalCreditReport.com
May 19, 2009 8:30:00 AM
Copyright Business Wire 2009


Email Story Discuss on ZenoBank

View Additional ProfilesDELRAY BEACH, Fla.--(BUSINESS WIRE)-- Steel Vault Corporation (OTCBB:SVUL) ("Steel Vault" or the "Company"), a premier provider of identity security products and services, announced today that its NationalCreditReport.com subsidiary, has commenced an online marketing campaign with Akamai Technologies, Inc. ("Akamai). Through its acerno cooperative, which is an online cooperative of shopping and purchase data, Akamai aggregates anonymous consumer shopping data across more than 500 Internet sites and, based on that information, delivers targeted advertising to potential customers.

William J. Caragol, Steel Vault's Chief Executive Officer, said, "Although we are still in the early stages of our online marketing efforts, we have seen steady expansion in our subscriber base as our initial marketing campaigns take hold. We believe this new marketing program with Akamai and their acerno cooperative, which delivers intelligent online advertising, will continue to drive our subscriber growth and connect us with relevant customers, thereby improving our return on investment."

NationalCreditReport.com specializes in providing consumers with identity security products, including accurate, complete and easy-to-understand credit reporting and monitoring. Credit monitoring is the only automated method currently available to protect consumers from identify theft and keep consumers up-to-date with changes and inquiries made to their credit records.

About Steel Vault Corporation

Steel Vault, formerly known as IFTH Acquisition Corp., is a premier provider of identity security products and services, including credit monitoring, credit reports, and other identity theft protection services. Since 2004, its subsidiary, National Credit Report.com, has specialized in providing a variety of credit information to consumers to help protect them from identity theft and fraud.

Statements about Steel Vault's future expectations, including the effectiveness of the Company's online marketing campaign to drive its subscriber growth and delivery quality customers, the ability of Akamai's advertising solutions to provide greater return on investment and improved ad campaign performance, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the Company's actual results could differ materially from expected results. Additional information about these and other factors that could affect the Company's business is set forth in the Company's various filings with the Securities and Exchange Commission, including those set forth in the Company's 10-K filed on December 24, 2008, under the caption "Risk Factors." The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.




Source: Steel Vault Corporation


----------------------------------------------
Steel Vault Corporation
Allison Tomek
561-805-8000
[e-mail]
or
CEOcast
Dan Schustack
212-732-4300
[e-mail]

[di4]

Steel Vault Exceeds 7,500 Subscribers in April
Company's Active Subscriber Base at NationalCreditReport.com Increases by 70% Month-over-Month
May 5, 2009 8:30:00 AM
Copyright Business Wire 2009


Email Story Discuss on ZenoBank

View Additional ProfilesDELRAY BEACH, Fla.--(BUSINESS WIRE)-- Steel Vault Corporation (OTCBB:SVUL) ("Steel Vault" or the "Company"), a premier provider of identity security products and services, announced today that its NationalCreditReport.com subsidiary grew its subscriber base from 4,415 active subscribers at the end of March 2009, to 7,520 active subscribers at the end of April 2009, a month-over-month increase of 70%. After an initial trial period, subscribers pay a monthly fee for receiving credit monitoring, credit reports and other identity theft protection services.

William J. Caragol, Steel Vault's Chief Executive Officer, said, "This growth represents a strong start to the second quarter of 2009 as we continue to see a steady ramp in our subscriber base. We believe we can continue to cost-effectively acquire customers while providing our members valuable products and outstanding customer service."

NationalCreditReport.com specializes in providing consumers with accurate, complete and easy-to-understand credit reporting and monitoring services.

About Steel Vault Corporation

Steel Vault, formerly known as IFTH Acquisition Corp., is a premier provider of identity security products and services, including credit monitoring, credit reports, and other identity theft protection services. Since 2004, its subsidiary, NationalCreditReport.com, has specialized in providing a variety of credit information to consumers to help protect them from identity theft and fraud.

Statements about Steel Vault's future expectations and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and Steel Vault's actual results could differ materially from expected results. Additional information about these and other factors that could affect the Company's business is set forth in the Company's various filings with the Securities and Exchange Commission, including those set forth in the Company's 10-K filed on December 24, 2008, under the caption "Risk Factors." The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.





Source: Steel Vault Corporation


----------------------------------------------
Steel Vault Corporation
Allison Tomek
561-805-8000
[e-mail]
or
CEOcast
Dan Schustack
212-732-4300
[e-mail]

[aga98]

At 0.26 IFTH seems to be priced at book value.