Movement Industries Corp (MVNT)

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Visual Healthcare Corp. (OTC: VSHC) Announces Initial Capital Raise of up to $1 Million Sets Timeframe for First Acquisition

Houston, TX -- June 19, 2019 -- InvestorsHub NewsWire -- Visual Healthcare Corp. (OTC PINK: VSHC) announced today it has received signed subscription agreements and commitments for approximately half of its friends and family capital raise of up to $1 million. The Company is offering up to half of its Series B Preferred Stock at $2.00 per share. Each share may be converted to 100 shares of the Company’s common stock, resulting in an equivalent price of $0.02 per share of common stock. The shares carry a restriction period of two (2) years. The Company plans to sell the rest of its Series B Preferred Stock at no less than $5.00 per share ($0.05 per share of common stock equivalent) at some point in the future.

Mr. Linh Nguyen, CEO, states, “We have been extremely pleased with the level of interest from friends and family for our first capital raise. At this point, we have commitments for over half of our primary raise. We appreciate the overwhelming interest in the company from those closest to us. We look forward to growing a great company for all of our stakeholders in the future.”

This first capital raise will provide the Company with enough capital to cover the costs associated with completing our initial mergers and the necessary regulatory requirements of being public. By utilizing our preferred stock, the Company not only avoids over-priced financing, which can be the downfall of many OTC companies, but also allows these shares to be owned by those with a longer-term outlook on the Company.

The Company is currently finalizing its definitive purchase agreement with Hi-Alloy Valve. We anticipate the closing to occur within the next 30 days. This timeframe allows enough flexibility for all necessary documents to be completed and filed so that closing can occur smoothly without interrupting current business operations.

The Company has also been in contact with FINRA regarding a change in the Company name and trading symbol. We will be providing updates as they occur along with interim updates via our official Twitter account @LTNCap. Be sure to follow us.